Main notes
- Data on the series shows a 94 % decrease in the number of DOGE transactions since March, indicating a decrease in the benefit of investors.
- In addition, Dujan whaled 1.32 billion symbols recently, reflecting the decreasing market confidence.
- Asset Manager 21Shares was presented to get ETF DOGECOIN with SEC, with the aim of tracking DOGE performance without a crane or derivatives.
Amid the recovery of the broader encryption market, The Dogecoin
Dodge
0.15 dollars
24 hours fluctuation:
5.3 %
The maximum market:
22.92 dollars b
Folder. 24h:
$ 1.31 b
Price has seen a sharp upward, with 6.9 % in the past 24 hours and moved to $ 0.16. This comes at a time when US President Donald Trump announced a 90 -day delay in implementing the customs tariff, along with the 21shares who submit it to ETF DOGCOIN to the US Securities and Stock Exchange Committee (SEC).
Will Dogecoin (DOGE) continue to rise?
Although the price of DOGE increased by almost 7 % with a wider market recovery, Bulls were unable to overcome the decisive resistance of $ 0.16. The M. currency has decreased by more than 54 % since the beginning of the year.
Moreover, data on the Santiment series shows that the number of DOGE transactions has decreased significantly from the peak of 374,700 registered in mid -March, to 20793. This is a 94 % huge decrease in only one month, indicating that the interest of the investor originally fades significantly.
Number of transactions / Source: Santiment
The main strength of Dogecoin lies in its strong societal support. However, the sharp decrease in the number of transactions indicates a potential weakness and a decrease in confidence in prices in the short term.
Moreover, the encryption analyst, Ali Martinez, indicated that the Dog whale had sold in large numbers recently. According to the recent report, these whale entities have unloaded 1.32 billion of DOGE recently.
Whales are sold more than 1.32 billion #DogeCoin $ Doge In the past 48 hours, as shown in the data from Santimentfeed! pic.twitter.com/k3nSd03kl
Ali (ali_charts) April 9, 2025
Do you see Dogoin ETF approval any time soon?
On Wednesday, April 9, Asset Director 21 Shares presented the S-1 registration to the American SEC to bring Spot Dogoin Etf to the market.
The Fund aims to track the performance of DOGECOIN using the US DOGE-Dollar Settlement Index as its Coinbase Custodian proposal.
ETF, designed as a negative investment car, is not used, the leverage or derivatives will not be used. Instead, the actual Dogecoin and calculating the value of the daily NAV (NAV) value on the standard index.
With the last deposit, 21 Shares again renewed discussions of Doge ETF, however, imminent approval chances seem dark. Interestingly, the deposit comes on the day when Paul Atkins was appointed as a permanent president of the United States of America.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Bhushan is enthusiastic about technology and carries a good tendency to understand the financial markets. His interest in the economy and financing draws his attention towards emerging technology markets and emerging technology. He is in a continuous educational process and keeps himself excited to share his acquired knowledge. In spare time he reads fictional excitement novels and sometimes explores his cooking skills.
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