Why All Eyes Are On Dogecoin Today – What To Expect On October 13

Prime DOGE influencer Prime Doge has teased a particular occasion set to happen within the Dogecoin neighborhood as we speak. This has led to hypothesis about what the occasion could possibly be and the way it may impression the highest meme coin.  

Dogecoin Influencer Hints At Massive Issues For DOGE

In an X put up, Prime Doge said that massive issues are on the horizon for Dogecoin on October 13. He added that Bit Origin is geared as much as take the lead, suggesting that this may occasionally relate to institutional adoption. Bit Origin is among the two DOGE treasury corporations which have emerged within the U.S. 

The corporate at present holds 70.5 million DOGE on its steadiness sheet, based on CoinGecko information. In the meantime, though the Dogecoin influencer didn’t present any additional data on what to anticipate, he declared that the DOGE journey is simply getting began. In an earlier X put up, the influencer said that DOGE is not only a meme anymore. 

He additional thanked corporations like Bit Origin for turning web hype into real-world worth. Prime Doge added that massive cash is listening to Dogecoin. The influencer’s assertion about an October 13 growth for the meme coin has additionally led to hypothesis about what it may be. 

It’s price noting that Prime Doge isn’t the one one which has teased a significant occasion for Dogecoin as we speak. Media character Mario Nawfal additionally mentioned that one thing massive is coming as we speak that ought to shake up the Dogecoin neighborhood and the broader crypto neighborhood. 

Home of Doge, the company arm of the Dogecoin Basis, additionally reposted this X put up from Nawfal, additional indicating that the information was associated to institutional adoption. Home of Doge has notably performed a key function in pushing DOGE’s institutional adoption, together with serving to arrange CleanCore’s DOGE treasury. 

The DOGE ETFs

The launch of the Dogecoin ETFs is main institutional information that the DOGE neighborhood is eagerly awaiting. Nonetheless, that’s unlikely to be the occasion that Prime Doge and Mario Nawfal have teased about, because the SEC has put the approval of those funds on maintain because of the U.S. authorities shutdown. 

The ultimate deadline for a choice on Grayscale’s Dogecoin ETF software was meant to come back up on October 18. Nonetheless, the fee plans to approve these funds beneath the brand new generic itemizing requirements, rendering the timeline irrelevant. Now, the SEC can approve the S-1s at any time, though that’s unlikely to occur till the shutdown ends. Polymarket information reveals that the shutdown may last as long as a month, additional delaying the launch of the DOGE funds. 

On the time of writing, the Dogecoin value is buying and selling at round $0.2, up over 11% within the final 24 hours, based on information from CoinMarketCap.

Featured picture from Getty Pictures, chart from Tradingview.com

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