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Dogecoin Price Prediction: DOGE Soars 7% On REX Shares Dogecoin ETF Launch Optimism
['Evans Karanja', 'Updated']
InsideBitcoins.com
This DOGE ETF will be called a 40-Act ETF, and will provide indirect exposure to the underlying token via futures, swaps, or other index-based instruments.
First dogecoin ETF appears likely to launch this week… Rex-Osprey DOGE ETF (DOJE).
After a period of sideways movement within this range, the Dogecoin price has now successfully pushed above its 50-day Simple Moving Average (SMA) at $0.2197.
The DOGE ETF news could turn the price of Dogecoin towards the $0.25 level, as data from Polymarket shows that the odds of a Dogecoin ETF approval have surged to 92%.
Meanwhile, the CMC Crypto Altcoin Season Index shows that altcoin season is underway, as it moves towards the 80 level, currently at 56/100.
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'bullish'
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'etf'
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'week'
'dogecoin'
'momentum']