Dogecoin ETF Debut Fails To Impress, Taking In Only $1.4 Million
According to trading records and company filings, Grayscale’s new spot Dogecoin ETF — ticker GDOG — opened quietly, pulling in just $1.4 million in trading volume on its first day on NYSE Arca. Related Reading: Fear Surges, But Real XRP Holders Aren’t Shaken—Analyst Muted Debut On NYSE Arca Reports have disclosed that the debut fell well short of some public forecasts. Bloomberg analyst Eric Balchunas had suggested the fund might see roughly $10–12 million in opening-day volume, a target that the actual figures did not meet. That gap has drawn quick commentary from traders and analysts,....
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Is Dogecoin (DOGE losing its charm? Despite the impressive price rally in May, recent trends suggest a decline in engagement and investor interest. As the crypto market continues to evolve, concerns are mounting about the broader implications of Dogecoin’s waning appeal. Dogecoin’s engagement metrics have faltered, leaving some experts wondering if the crypto’s allure is wearing off. Market indicators show a decline in trading volume, with fewer transactions taking place compared to previous months. Will this once-beloved digital currency be able to regain its momentum,....
Dogecoin is now moving closer than ever to joining the roster of cryptocurrencies with their own US-listed exchange-traded funds, and the timeline for the first launch is becoming clearer. After a series of regulatory filings and updates from major fund issuers, analysts now believe that the debut of the first Spot Dogecoin ETF is just […]
Since its debut in 2013, Dogecoin has continued to grow as the poster child of altcoins. As it gained popularity, it quickly became synonymous with wild price pumps because of its small value and concentrated holdings. According to Coin Metrics, the price of Dogecoin increased by approximately 40% on Tuesday. After bitcoin, Ethereum, and Binance […]
The Dogecoin price has been struggling in the market as bears have dominated in the last couple of months. This has seen the meme coin crash below $0.15, taking investor sentiment down with it. However, as the altcoin seems to be setting up for a recovery with multiple bullish formations. Analysts Call Breakout For Dogecoin Price In an analysis on X (formerly Twitter), Crypto School pointed out that the Dogecoin price continues to hold support above $0.15. This suggests that bulls are making their stand at this level and is now a pivotal level for the altcoin. This means that what the....
In the world of digital currency, dogecoin is practically bitcoin's right hand man. Dogecoin guards the gates to bitcoin's kingdom. It drives the carriage when bitcoin has a meeting in town, and it makes sure that all of bitcoin's meals are served on time. When it comes to duties, dogecoin has quite a few, but it never fails to perform. Right now, the cryptocurrency is eyeing a specific price spot, and while it is encountering some resistance, dogecoin is known not only for being strong and even-tempered, but it's also known for being persistent. Recently, the coin celebrated its first....