While the cryptocurrency market has been volatile, the industry has continued to file for exchange-traded funds (ETF). Altcoins have been the latest to capture the attention of prominent firms. More recently, for the listing and trading of Bitwise Asset Management Dogecoin ETF shares, NYSE Arca has submitted a proposed rule modification. Amidst this, the community was set to witness a price surge if the above ETF gets an approval from the US Securities and Exchange Commission (SEC).
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How Is Dogecoin Trading At The Moment?
Despite its recent uptick, Dogecoin was seen continuing its downtrend. Throughout the past 24 hours, the meme coin witnessed a 12.51% downfall. At the time of writing, DOGE was trading at $0.1923. Earlier today, the asset was trading at a high of $0.2239 before dipping to a low of $0.1876.
If the 19b-4 submitted by the New York Stock Exchange subsidiary on March 3 is accepted, the exchange will be allowed to list the Bitwise Dogecoin ETF, a fund that provides direct exposure to the meme coin. If accepted, this would be among the first meme coin ETF registered in the United States. This will give institutional and individual investors regulated access to Dogecoin.
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Price Prediction
2025 is expected to be a bullish year for the OG meme cryptocurrency. According to data from CoinCodex, the months of March and April are slated to be the most favorable for Dogecoin. The asset could surge to a high of $ 0.83047 during this month. This marks a 330% return on investment for the meme coin. The coming month of April is also considered to be good for DOGE investors as the meme coin will rise to $0.70023.
It looks like the community will have to wait longer before hitting the coveted $1 mark.
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