Dogecoin is going to apply for an ETF, and this time it will definitely break $0.5, and the air force can cry

According to news on December 24, 2024, no investment manager supporting cryptocurrencies has submitted an application for a Dogecoin ETF to Wall Street investors. However, there is a view that the Dogecoin ETF is very likely to be approved in the next few months.

Reasons for support for approval

- Celebrity effect: Dogecoin is the number one meme coin in the cryptocurrency field and is firmly supported by Musk. His related remarks and actions often cause Dogecoin price fluctuations. If an ETF is launched, it may attract more attention and investment.

- Market influence: As the oldest meme coin, Dogecoin occupies an important position in the cryptocurrency market. It has a considerable market value, millions of supporters and investors, and has the potential to become a mainstream financial asset. The launch of an ETF will provide investors with a more convenient investment channel.

- Industry trend: Since the launch of the Bitcoin ETF in January 2024, the cryptocurrency industry has developed rapidly. The market expects that the advent of popular altcoin-related ETFs will help the cumulative market value of cryptocurrencies break through the $4 trillion mark. The launch of the Dogecoin ETF is in line with the development trend of the industry.

- Policy environment: It is predicted that with the inauguration of the new US government, it will support cryptocurrencies, which will create a more favorable environment for cryptocurrency ETFs and increase the possibility of Dogecoin ETF approval.

Dao Ge has always believed that dogs can fly, so he is more optimistic about the popular Musk Little Milk Dog pp recently. The community has more than 16,000 people, and it is a noble Ethereum chain. Brothers who like dogs may wish to pay more attention to it. #DOGE #shiba⚡ #加密市场反弹