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Dogecoin Surpasses $0.30 Ahead of DOGE ETF Launch

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by Giorgi Kostiuk

3 days ago

Dogecoin is showing a strong rise ahead of the launch of the first ETF for this cryptocurrency, drawing widespread interest from investors.

Dogecoin Rally and Its Reasons

Recently, Dogecoin surpassed the $0.30 mark, which is a significant event in the cryptocurrency market. The 11% price increase is linked to the anticipated launch of the REX-Osprey ETF, fueling interest in meme coins.

Expert Opinions on the DOGE ETF

Veteran trader Peter Brandt referred to Dogecoin's recent price move as a 'huge breakthrough.' The ETF will provide institutional investment opportunities, which may change the perception and stability of meme coins in the market.

Market Impact on Cryptocurrency

The launch of the DOGE ETF could trigger similar reactions seen with previous ETFs for Bitcoin and Ethereum, leading to price increases and investment inflow into other crypto assets.

The anticipated launch of the DOGE ETF represents a significant milestone in Dogecoin's history and may impact the future of meme coins regarding legitimization in financial markets.

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