Dogecoin Gains Momentum: Favored by Korean Funds and ETF Speculations

1. Korean Market Demand:

Dogecoin (DOGE) has become a popular speculative asset in the Korean Won market due to its volatility and strong community influence. On Upbit, DOGE recorded a 24-hour trading volume of $1.246 billion, ranking third after XRP and HBAR.

2. ETF Discussions:

Market discussions around a potential $DOGE spot ETF have gained traction, fueled by the success of BTC and ETH spot ETFs. Analysts highlight DOGE’s liquidity and community strength as factors making it a viable ETF candidate.

3. Market Sentiment Boost:

The combination of strong Korean demand and ETF speculation has heightened enthusiasm for #DOGE despite the uncertainty around regulatory approval for a DOGE ETF.