Dogecoin ETF Frenzy Ignites as Price Soars—Is $1 the Next Stop?
Meme coin mania hits new heights as Dogecoin’s blistering rally fuels speculation of an ETF approval. Institutional interest surges while retail traders pile in—because nothing says ’sound investment’ like a cryptocurrency born from a Shiba Inu joke.
Technical indicators scream bullish: DOGE just smashed through resistance levels that stood firm for months. Trading volumes double, liquidity pools deepen, and suddenly Wall Street’s suits are pretending they always took the asset seriously.
The real question? Whether regulators will greenlight a Dogecoin ETF before the next crypto winter hits. One thing’s certain—when the SEC finally caves, the champagne corks popping will drown out the sound of risk managers screaming into their Bloomberg terminals.
Dogecoin ETFs: SEC Acknowledges 21Shares’ Filing
Ripple, Solana, and Dogecoin are the three altcoins touted to join Bitcoin and ethereum in the spot ETF market. It just follows that asset managers start filing spot ETFs for all three. Now, 21Shares is the latest crypto asset firm to join the race for Dogecoin ETFs, and the SEC has acknowledged receipt of their filing.
The last acknowledgement of a filing by the SEC was of a Gray-scale dogecoin ETF filing in January. Publicly acknowledging 21Shares’ filing was perceived as a positive indicator on Dogecoin ETFs and their approval. That’s why there seems to be a spike in activity on the meme coin’s blockchain lately.
Active addresses are up by over 500%, from 75,000 to over 450,000 in the past 24 hours. Dogecoin Futures are also up 70% in the past week, but the token’s value is moving in the opposite direction.
CoinMarketCap data shows that Dogecoin is down 8.75% in the past seven days, trading at $0.2184.
Is Dogecoin Bound For $1?
Now, the big question is why the Doge price is not rising with the activity on its network. The answer is almost as simple too–the technical indicators just don’t agree with the spike in activity.
Crypto analyst Ali Martinez has stated that the Dogecoin price is hanging between two crucial levels. There’s the strong base at $0.21 and ‘the selling zone’ at $0.36. If the Dogecoin ETF hype drives the token price up to the supply zone, one of two things could occur.
Dogecoin could flip the resistance and drive onward to higher levels, or the token could trigger a massive selling pressure. For traders, $0.36 represents a reasonable level for profit-taking, even if the holders will want to take Dogecoin higher.
The crypto faithful are hopeful for Dogecoin ETFs, but the profits are on another promising project. Remittix (RTX) is storming the market already.
Remittix: Join RTX For Better PayFi
The payment sector in cryptocurrency will be getting an upgrade in terms of features and it’s Remittix behind all that change. Ripple and Stellar have dominated the decor for over a decade already, helping corporations with streamlining their assets and funds transfer.
On the other hand, Remittix is focusing on user utilities, offering users a chance to use their crypto assets for much more than just crypto transactions. On Remittix, there is a direct withdrawal option from the crypto hot wallets to fiat bank accounts. In other words, users can transfer their crypto tokens directly from their wallets into any bank account in the world.
The feature is quite a deal, but that’s not all. Remittix is offering the direct withdrawals at lower rates than even exchanges and without bank charges either. All crypto users ever need are the tokens to be transferred and the bank details for the recipient bank account.
There’s also increased privacy on Remittix transactions too, as they don’t bear any traces to the network. That way, no one even knows the payment originated from a crypto blockchain.
Remittix Presale: RTX Coins Are Getting Hotter!
The current presale stage is over 90% completed and the RTX coins are still selling at $0.0757. It’s quite the deal for crypto investors, and that’s why they can’t seem to have enough Remittix tokens yet.
Another reason is theprice rally expected from the project post-launch. Experts have predicted it, analysts are backing it, and traders are anticipating the Remittix rally eagerly.
https://remittix.io/
https://linktr.ee/remittix
