The bulls are back in the crypto market and now Dogecoin is one of the most profitable assets. Over the past 24 hours, the price of memcoin has increased by almost 14%, which is the best indicator among large-cap cryptocurrencies.
Over the past week Dogecoin has risen in price by 38%, and now its value is $0,2963, which is an eight-month high. Now token-the meme is aiming to return to the $0,30 mark, which was last recorded during the January bull market.
The rapid growth of the meme coin occurred against the backdrop of news about the first DOGE in the USETF. Earlier this week, a Bloomberg analyst ETF Eric Balchunas announced that the Rex-Osprey Doge ETF ETF (DOJE) will begin trading on Friday. The announcement has caused a lot of excitement in the crypto community.
However, later another Bloomberg analyst James Seyffarth said that the trades ETF on Dogecoin will start next week. Indeed, ETF was not launched last Friday as his colleague expected.
Besides ETF, large organizations are also actively working with Dogecoin, which is fueling the cryptocurrency’s growth. CleanCore Solutions, a U.S.-based company, recently revealed that it had amassed over 500 million DOGE just days after going public. The firm plans to accumulate 30 billion DOGE within 1 days.