Dogecoin ETF Added to DTCC Listing as Price Rally Predicted

Dogecoin (#DOGE) is facing selling pressure after a rejection at $0.30, with a 20% correction in the crypto market leading to its current price of $0.24. Analysts anticipate a potential trend reversal, predicting a rally to $0.50.

DOGE Price Predictions

  • Crypto analyst Ali Martinez suggests the current price is a good buying opportunity before a potential breakout to $0.50.
  • Trader Tardigrade notes that a new three-day candle above the Gaussian Channel could indicate a significant price surge, potentially reaching $1.0.

Dogecoin ETF Developments

  • A Dogecoin ETF by 21Shares has been added to the DTCC's National Securities Clearing Corporation list under the ticker TDOG.
  • This procedural step prepares for operational readiness but does not imply regulatory approval. Trading will commence only after SEC approval.
  • Other spot ETFs for Solana (#SOL), Hedera (#HBAR), and XRP (#XRP) have also been listed on the DTCC’s clearing list.

21Shares Dogecoin ETF | Source: DTCC