Bitcoin price dropped to $65,000 after testing the $68,000 level, but Dogecoin (DOGE) continues to gain value. While investors watch the altcoin market revive with the rise of Bitcoin after the Fed meeting, they are also cautious about short-term risks.

The DOGE price reached $0.15 after remaining at $0.08 for months, giving investors hope. Coinbase's intention to launch futures transactions for DOGE along with Litecoin and Bitcoin Cash is effective in this rise.

Derivatives disclosed its futures plan for Dogecoin to the CFTC, announcing that they will be able to list DOGE futures through self-certification without official approval.

Future of DOGE and Comments

Coinbase's launch of futures trading marks April 1. If the CFTC approves, DOGE will be considered a commodity and free from SEC pressure. CFTC's moderate approach on crypto could have a positive impact on DOGE price.

While open positions in futures transactions exceed 1 billion dollars, DOGE whale transactions are also increasing. The decline in mining reserves and the revival of whale movements indicate an increase in prices.

Increased whale activity and comments from IntoTheBlock indicate that DOGE price will continue to rise and could reach new highs above $0.18 in the near future.