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Dogecoin (DOGE) has had a batch of occurrence successful its 11-year history. The asset’s terms skyrocketed during the 2021 bull run. Early investors made millions successful profits with minimal investments. While DOGE has struggled to regain its 2021 momentum, galore judge that a spot DOGE ETF could beryllium the spark that takes the archetypal memecoin “to the moon.”
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Here’s How To Become A Millionaire When Dogecoin Hits $5
Source: Watcher GuruTo person a cardinal dollars worthy of coins astatine $5 per coin, you volition request astir 200,000 coins. The terms of 200,000 DOGE close present is astir $51,600. If the commercialized is successful, your portfolio’s worth volition summation by astir 1837.98%.
While the summation is commendable, it inactive falls abbreviated of the gains enjoyed by radical who invested successful DOGE successful 2015.
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Will The Memecoin Get A Spot ETF In 2025?
According to a report by Bloomberg ETF analysts Eric Balchunas and James Seyffart, Dogecoin (DOGE) has the second-highest accidental of ETF approval. According to a poll, DOGE has a 75% accidental of getting an ETF this year. Litecoin (LTC) leads the list, with a 90% likelihood of getting an ETF this year.
Elon Musk is 1 of the astir important DOGE supporters globally. His proximity to US President Donald Trump could further propulsion DOGE’s chances of an ETF approval.
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Crypto-based ETFs person taken halfway signifier among fiscal institutions. The US SEC made headlines erstwhile it approved 11 spot Bitcoin (BTC) ETFs successful January 2024. The determination led to BTC hitting a caller all-time high. The SEC besides approved Ethereum (ETH) ETFs but the underlying plus did not deed a caller peak. A Dogecoin (DOGE) ETF could spell either way.
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