Ethereum

Dogecoin

<ul> 
 <li aria-level="1">Success of Bitcoin and Ethereum ETFs in 2024 boosts optimism for a possible Dogecoin ETF under crypto-friendly policies.</li> 
 <li aria-level="1">Potential regulatory ease with SEC leadership change in 2025 could accelerate approval of Dogecoin and other crypto ETFs.</li> 
</ul> 
The potential for a Dogecoin exchange-traded fund (ETF) is gaining traction, particularly with the supportive backdrop of crypto-friendly policies expected to take shape under President-elect Donald Trump’s administration.&nbsp; 
Currently, Dogecoin ranks as the seventh-largest cryptocurrency, boasting a market capitalization of $60 billion, despite its origins as a meme coin. 
The push towards establishing a <a href="https://www.ethnews.com/dogecoin-makes-its-debut-in-europe-heres-what-you-need-to-know-about-this-new-etp/">Dogecoin ETF</a> has been buoyed by the successes of Bitcoin and Ethereum ETFs launched in 2024, which have set a precedent in the crypto ETF space. 
 Enthusiasm is further fueled by high-profile endorsements from figures like Elon Musk and a forthcoming pro-crypto governmental stance, making the likelihood of a Dogecoin ETF more plausible. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 "Today's satire is tomorrow's ETF.” –<a href="https://twitter.com/EricBalchunas?ref_src=twsrc%5Etfw">@EricBalchunas</a> 
 Could we see a DOGE ETF in 2025? Maybe. 
 I offer some addn’l color here as well.<a href="https://t.co/vaIdcN8Tam">https://t.co/vaIdcN8Tam</a> 
 via <a href="https://twitter.com/JasonShubnell?ref_src=twsrc%5Etfw">@JasonShubnell</a> <a href="https://t.co/Rvm35UT84s">pic.twitter.com/Rvm35UT84s</a> 
 — Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1862535645412942191?ref_src=twsrc%5Etfw">November 29, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Nate Geraci, President of ETF Store, commented on the matter, referencing a statement by Bloomberg’s analyst Eric Balchunas:&nbsp; 
<blockquote>
 “Today’s satire is tomorrow’s ETF. Could we see a <a href="https://www.ethnews.com/whale-activity-sparks-bullish-momentum-for-dogecoin-0-43-in-sight/">DOGE ETF</a> in 2025? Maybe.”&nbsp;
</blockquote> 
This sentiment captures the transitional phase of perception from novelty to mainstream financial instrument that Dogecoin is currently undergoing. 
The regulatory environment is also expected to become more favorable with anticipated changes in the leadership at the U.S. Securities and Exchange Commission (SEC) in 2025, following Gary Gensler’s departure. This shift could facilitate the approval process for more crypto ETFs, including one for Dogecoin. 
Amid these developments, Dogecoin’s price has reacted positively, registering a 9% increase from $0.3986 to $0.43 within a 24-hour period after reports emerged about a potential ETF filing. 
Over the course of November, Dogecoin has surged more than 150%, with analysts projecting that its price could hit $1 in December 2024, provided it breaks through key resistance levels. 
If Dogecoin continues on this <a href="https://www.ethnews.com/dogecoins-meteoric-163-surge-daily-active-addresses-break-records-at-1-33-million/">upward trajectory</a>, surpassing the $0.50 mark could catalyze further gains, potentially driving its price to $1 or beyond by the year’s end.&nbsp; 

<div class="cryptoboxes" id="mcw-12355" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="DOGE" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
</div> 
Dogecoin (DOGE) is currently priced at $0.43041 USD, showing a daily increase of 7.16%. Over the past week, it has gained 11.26%, and its performance over the last month has surged by 144.95%. Year-to-date, DOGE has risen by an impressive 381.11%, demonstrating robust bullish momentum. 
Key Metrics: 
<ul> 
 <li>Market Capitalization: $63.30 billion USD</li> 
 <li>24-Hour Trading Volume: $6.39 billion USD</li> 
 <li>All-Time High: $0.48750 USD</li> 
 <li>Support Levels: $0.40 USD (critical for maintaining current momentum).</li> 
 <li>Resistance Levels: $0.45 and $0.50 USD, marking key areas to watch for breakouts.</li> 
</ul> 
Technical Insights: 
The Relative Strength Index (RSI) is recovering from oversold levels, signaling potential further price increases. 
<figure id="attachment_108953" aria-describedby="caption-attachment-108953" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="size-full wp-image-108953" src="https://www.ethnews.com/wp-content/uploads/2024/11/DOGEUSDT_2024-11-29_18-12-18.png" alt="DOGEUSDT_2024-11-29_18-12-18" width="2048" height="929">
 <figcaption id="caption-attachment-108953" class="wp-caption-text">
 Source: Tradingview
 </figcaption>
</figure> 
Transaction volume has surged by 41.12% in the past 24 hours, indicating heightened activity from whales and institutional investors. This aligns with growing speculation about a possible Dogecoin ETF in 2025, inspired by the success of Bitcoin and Ethereum ETFs. 
Outlook: 
Dogecoin’s strong momentum continues, but traders should watch for resistance at $0.45 and $0.50. A breakout above $0.50 could pave the way for targets of $0.60 or higher. Conversely, failure to hold $0.40 as support may result in a retracement to $0.35 or lower. 
 The high trading volume suggests sustained market interest, but caution is advised given potential profit-taking at key resistance levels. 
The post <a href="https://www.ethnews.com/dogecoins-price-surged-9-to-0-43-within-24-hours-post-etf-speculation-with-analysts-predicting-a-1-target/">Dogecoin’s Price Surged 9% To $0.43 Within 24 Hours Post-ETF Speculation, With Analysts Predicting A $1 Target</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Dogecoin’s Price Surged 9% To $0.43 Within 24 Hours Post-ETF Speculation, With Analysts Predicting A $1 Target

ETHNews

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