Grayscale DOGE ETF Update – Dogecoin Crypto Rally Onderweg?

Disclaimer: This article is a press release and Newsbit is not responsible for the content, accuracy or completeness of the information provided. This article does not constitute financial advice. Investing in cryptocurrencies or pre-sales involves significant risks, including the risk of losing your entire investment. Always do your own research before making any investment decisions.

According to recent data, Grayscale has filed revised S-1 forms for the DOGE ETF. This marks the start of the so-called 20 days countdown. A fund can enter into force automatically provided the SEC has no additional comments. What will Dogecoin do after launch and what does this mean for the broader meme coin market?

What does this news mean for the Dogecoin price?

Due to the ongoing US government shutdown, the SEC is working with minimal staffing. This makes it possible for multiple ETF applications to be approved simultaneously. This almost never happens. There are currently 7 crypto ETFs in the queue, including Grayscale’s DOGE ETF (GDOG).

If the Dogecoin ETF is actually launched, it will be the first time that a meme coin is accessible through a regulated financial product. This is a huge step for the meme coin sector and of course for the recognition of Dogecoin as a mature digital asset. According to analysts, this could be the start of a new crypto rally.

Although the DOGE community responded very enthusiastically, the Dogecoin price remained surprisingly calm. Investors are still taking a wait-and-see approach and awaiting official confirmation from the SEC. A launch of a crypto ETF has provided a strong boost for Bitcoin in the past. The Dogecoin expectation is that this will happen again.

What will Dogecoin do?

If the DOGE ETF is approved, a new phase can begin for the meme coin market. Dogecoin, which once started as a joke, confirms its status as one of the largest cryptos in the world with a crypto ETF. Dogecoin is becoming a lot more attractive to traditional investors thanks to institutional interest.

Crypto analysts point out that the DOGE ETF’s convergence of regulations and sentiment could kick off a crypto rally. This rally could not only boost the Dogecoin price, but also the broader meme coin market.

If the Dogecoin price manages to break above the resistance level at $0.18, the way is clear for a new increase towards $0.25 and $0.30. But if the approval is delayed, there is a chance that Dogecoin will fall back towards $0.14. What Dogecoin will do depends on the launch. But one thing is certain: this Dogecoin news marks an important step for the meme coin market towards wider adoption.

Which crypto to buy?

The impending launch of the Dogecoin ETF shows how the market is changing. Meme coins used to be driven by hype, but thanks to the ETF, a bridge is now being built towards institutional adoption.

Now that there is talk of a possible crypto rally, many investors are also looking at new crypto coins. Smart investors choose to build their crypto portfolio by investing in different cryptos. Presale cryptos are particularly popular here, thanks to the low entry fees and the chance of a high return.

Wall Street Pepe

Wall Street Pepe ($WEPE) is a community driven token. This project was recently launched on the Ethereum network and recently made its debut on the Solana network. The choice for Solana is not surprising, as the network is known for its high speed and low costs.

Wall Street Pepe is still a small crypto, but offers a lot of potential to grow into the next big crypto meme coin. The project owes this to the growing community. The goal of Wall Street Pepe is to fight the whales that can steer the market. The project does this through so-called ‘Alpha calls’.

These Alpha calls are exclusive trading insights that community members have access to. And this system has already ensured that many members have made significant profits. In addition, the project organizes crypto airdrops and there are staking options. The project also recently launched an NFT project with 5,000 NFTs designed by the community.

This shows how community-oriented the project is. This attitude can support the price in the long term, just as we saw with Dogecoin and Shiba Inu. Now that there is talk of a possible crypto rally, many investors are keeping their eyes on this currently small crypto.

Now to the Wall Street Pepe website

Maxi Doge

Dogecoin’s muscular cousin is here. Maxi Doge ($MAXI) has a sharp focus on maximum leverage and is also community-oriented. Thanks to its transparency, Maxi Doge wants to become the next big meme coin and even become bigger than Dogecoin.

Maxi Doge has a clear token distribution that focuses on community growth and visibility. 40% of the tokens are reserved for marketing, 15% for liquidity and another 15% for the development of the platform. 5% has been set aside for staking rewards and the last 25% is kept in the Maxi fund for possible collaborations.

In addition, Maxi Doge focuses on user-friendliness. The project has undergone a thorough audit, which contributes to the confidence of investors. The project has a partnership with Best Wallet, so investors can also easily buy their $MAXI tokens via the Best Wallet app.

Crypto trading competitions will be held within the community, based on ROI rankings. This makes $MAXI more than just a new DOGE-related meme coin. Maxi Doge is an interesting cryptocurrency to keep an eye on, especially during the next crypto bull run.

Now to the Maxi Doge website

Bitcoin Hyper

Another interesting newcomer is Bitcoin Hyper ($HYPER). This project not only links its name to Bitcoin, but does much more. It is an innovative Layer 2 solution where safety and speed come together. Bitcoin Hyper wants to scale up Bitcoin’s network by making smart contracts possible.

On Bitcoin Hyper’s Layer 2 network, developers can develop and launch their products. Thanks to SVM (Solana Virtual Machine) this is possible at high speed. When it’s time to store and record everything, it’s sent back to Bitcoin’s Layer 1. There it can benefit from safety. And because $HYPER is a proof-of-stake coin, the impact on the environment is much smaller.

During the presale, the $HYPER token can be purchased at the lowest possible price. Bitcoin Hyper uses an increasing price strategy, where the price increases in each new phase. In addition to the lowest token price, those who get in early can also benefit from the highest staking rewards.

Now to the Bitcoin Hyper website

Disclaimer: This article is a press release and Newsbit is not responsible for the content, accuracy or completeness of the information provided. This article does not constitute financial advice. Investing in cryptocurrencies or pre-sales involves significant risks, including the risk of losing your entire investment. Always do your own research before making any investment decisions.