Despite the volatility of the crypto market, it has not stopped the industry from filing for ETFs. Altcoins are the most recent to attract the attention of major firms. NYSE Arca submitted a rule proposal for listing and trading Bitwise Asset Management Dogecoin ETF share. In the midst of this, it was expected that the price would surge for the ETF if approved by US Securities and Exchange Commission.
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What is the current state of Dogecoin trading?
Dogecoin continued its downward trend despite its recent rise. Over the last 24 hours, Dogecoin has seen a 12.5% drop. DOGE traded at $0.1923 when this post was published. DOGE traded earlier in the day at a price of $0.2239, before falling to a $0.1876 low.
The 19b-4 submitted The New York Stock Exchange subsidiary will allow the Bitwise Dogecoin ETF to be listed on the New York Stock Exchange. This fund provides exposure directly to the meme currency. This would be the first ETF for meme coins to register in the United States if it is accepted. Dogecoin can now be accessed by institutional and individual investors in a controlled way.
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Price Prediction
It is anticipated that 2025 will be a good year for meme-based cryptocurrency. Data from CoinCodex indicates that the best months for Dogecoin are March and April. The asset could surge to a high of $ 0.83047 during this month. The meme coin has a return of 330%. Investors in DOGE will also be pleased with the month of April, as meme coin prices are expected to rise up to $0.70023.
Looks like we’ll have to keep waiting for the community to reach the $1 threshold.
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Source: watcher.guru
