Dogecoin Holds Above 20 Cents As Grayscale Seeks SEC Approval For Spot DOGE ETF

Dogecoin (CRYPTO: DOGE) is holding agency across the $0.20 degree regardless of broader market weakness.

A contemporary ETF submitting and technical purchase indicators have injected renewed optimism into the meme coin’s value outlook.

Cryptocurrency	Ticker	Worth	Market Cap	7-Day Development
Dogecoin	(CRYPTO: DOGE)	$0.2216	$33.4 billion	-3.2%
Shiba Inu	(CRYPTO: SHIB)	$0.00001260	$7.4 billion	-4.7%
Pepe	(CRYPTO: PEPE)	$0.00001067	$4.5 billion	-8%

Dealer Notes: Crypto chart analyst Ali Martinez highlighted a purchase sign on Dogecoin’s chart, signaling a near-term rebound.

Dealer Javon Marks noted Dogecoin is sustaining larger lows, conserving the breakout goal of $0.6533 alive.

He added that surpassing this degree might open the trail towards $1.25, representing a possible 170%+ acquire.

Statistics: Coinglass information reveals Dogecoin derivatives buying and selling quantity surging 92.4% to $7.5 billion in a single day, with open curiosity at $3.5B, the very best since late July.

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Over the previous 24 hours, $17.6 million in DOGE liquidations occurred, $14 million of which had been lengthy positions, indicating merchants are positioned for a possible pump.

Bitinfocharts reveals progress in Dogecoin wallets throughout all ranges, from 0–0.1 DOGE to 100–1,000 DOGE, suggesting rising accumulation.

Neighborhood Information: On Aug. 17, Grayscale filed an S-1 for a spot DOGE ETF on NYSE Arca, with a 240-day SEC assessment interval. Whereas the U.S. market hasn’t but authorized DOGE ETFs, European markets already supply Dogecoin ETPs.

In the meantime, Qubic Community founder Sergey Ivancheglo warned DOGE holders that the community faces a possible 51% assault, much like one lately tried on Monero, highlighting dangers like double-spending, blocked transactions, and mining disruptions.

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