The ETP will trade on Sweden’s Spotlight Stock Market, offering investors’ access to the world’s largest memecoin.
Elon Musk news
The DOGE price top could be in, despite constant endorsements from Elon Musk and the general outperformance from most memecoins.
One analyst says DOGE could rally 5,000% from its current price, based on a Gaussian channel analysis.
After Elon Musk announced the government agency with the same acronym as Dogecoin’s ticker, the crypto token soared to a yearly high of $0.39.
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) “would simply result in a massive loss of credibility for OpenAI.”
Tesla CEO Elon Musk is often associated with Dogecoin after the businessman mentioned the memecoin on various channels in 2021.
Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.
Dogecoin could break the $1 threshold if the memecoin repeats its 2021 trend which generated a 7,000% rally.
The newly created Department of Government Efficiency will work to cut “waste and fraud” from $6.5 trillion in US government spending.
The United States dollar has lost approximately 96% of its value since the Federal Reserve Bank was established in 1913.