Dogecoin: These Two Things Could Take DOGE To $5
Dogecoin (DOGE) has experienced incredible success in its 11-year history. Since its launch in December 2013, the original memecoin has garnered a cult following beyond its crypto roots. Early investors have made millions of dollars in profit. New investors are hopeful about DOGE’s future. While the memecoin has had ample success, DOGE’s price has struggled to regain its 2021 momentum. Two Things That Could Take Dogecoin To $5 1. Spot ETF Source: Watcher Guru Grayscale submitted a spot DOGE ETF filing to the SEC earlier this year. If the financial watchdog approves a DOGE ETF, the asset could see a surge in institutional money. Institutional funding is key to an asset’s price. Bitcoin’s (BTC) recent rally is also attributed to a spike in institutional inflows. BlackRock alone has purchased billions of dollars worth of BTC this month. The SEC delayed its decision on Grayscale’s DOGE ETF application. There is a high probability that the SEC will eventually ap...