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#Dogecoin Price Hits 3-Year High Here are factors that might push prices to $1.
Dogecoin (DOGE) reached $0.22, a 3-year high. This rise continues the leading meme coin's spectacular performance and strengthens the assumption that DOGE might reach $1 before this bull run ends.
The largest US crypto exchange, has completed arrangements to add the meme currency to its futures contracts. Coinbase's institutional arm also announced that Coin*** Derivatives would issue the first leveraged and CFTC-regulated Dogecoin futures contracts in April.
Starting in April, institutional investors may trade $DOGE futures. Given how much wealth these investors might put into the meme currency ecosystem, this may be big. DOGE has become more than a meme currency, according to Coinbase, and will attract these investors.
Derivatives markets have a huge effect on crypto token prices. Thus, DOGE's price might rise rapidly to $1 depending on market mood.
A Dogecoin Foundation X (previously Twitter) tweet announced the release of GigaWallet v1.0. The organization said that the GigaWallet “provides a convenient integration API for platforms such as online shops, exchanges, social media platforms etc., to programmatically transact Dogecoin.”
The GigaWallet debut might boost DOGE adoption. An increase of users might boost DOGE's price. Retail investors are returning to bitcoin, making the wallet launch opportune.
As Crypto expert Scott Melker noted, DOGE attracted this kind of investors in the past bull run, and this might make it their favored pick again with such accessibility. Those who couldn't invest in meme currency before will find it simpler today.
GigaWallet also prepares X for DOGE payments. Given Elon Musk's love of DOGE, the social media platform may integrate it in its payment service. Gigawallet might streamline the procedure and improve DOGE's usability.
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