Dogecoin Surges Despite Delayed DOGE ETF Launch
Dogecoin (DOGE) hit $0.2840, reaching its peak since July 21. This represents a remarkable 100% increase from April’s low.The.crypto asset executed a stunning performance despite delays with the launching of the Rex-Osprey Dogecoin ETF (DOJE).
American financial commentator, Eric Balchunas, published on X that the fund is expected to list next Thursday, Sept.18. It differs substantially from ETFs of Grayscale, 21Shares, and Bitwise due to its approval under the ICA 1940.
- DOGECOIN reaches record highs amid delays in DOGE ETF launch.
- Potential for more gains, with expectation of a 50% upswing.
- Institutional entities continue massive investments in DOGE.
Polymarket users project SEC’s approval of live DOGE ETFs in October, akin to Bitcoin. They reckon that DOGE, being a proof-of-work digital asset similar to BTC, greatly enhances its potential growth. CleanCore Solutions continues to lead the DOGE acquisition,alongside House of DOGE. Their collaborative aim is owning 5% of the supply.
Bit Origin has also acquired over 70 million DOGE, rasining a sum of $500 million for further acquisitions.
The upward trend of DOGE on the daily timeframe chart suggests an imminent bullish breakout flipping the upper side of the ascending trendline.
With triumphant breaches onto the top side of this channel, DOGE could reach its lofty resistance point at $0.4320 by some estimates – adding another 52% gain.
