“Dogecoin memory has risen 40% in the last seven days. The course approached $ 0.27 – the maximum in the last half of the year. Source: Coingcko. The head of the Grayscale research unit Zub Penl has linked increased with increasing traders’ appetite to risk. According to him, the DOGE dynamics are consistent with the trend on the altcoin market and does not indicate changes in the fundamental characteristics of the asset. Pend […]”, – WRITE: Businessua.com.ua

Dogecoin memory has risen 40% in the last seven days. The course approached $ 0.27 – the maximum in the last half of the year.
Source: Coingcko.
Head of the research unit GrayScale Zak Penl has associated an increase in increasing trader appetite to risk. According to him, the DOGE dynamics are consistent with the trend on the altcoin market and does not indicate changes in the fundamental characteristics of the asset.
Pendl added that the law on steiblcoins signed by US President Donald Trump contributes to the overall positive mood in the industry.
Katie Talate with Arca believes that after the growth of bitcoin and Ethereum, investors began to redistribute capital into less capitalized assets. She noted that Doge availability on large exchanges makes it attractive to retail players.
News from public companies also influenced growth. The Bit Origin, which is traded on NASDAQ, has announced a $ 500 million replenishment reserves strategy for $ 500 million. The first purchase of $ 40.5 million has already been made.
Against the backdrop of increased interest in the asset, several companies have applied to the SEC for launching spot Dogecoin-ETF. Bloomberg estimates, the likelihood of their approval reaches 90%.
At the time of DOGE’s publication, $ 0.26 (-2.8% per day) is traded and ranked eighth in market capitalization-$ 40.2 billion.
Source: Coingcko.
We will remind, on July 16, Peter Brandt announced the start of a new “Altsson”.
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