price of Dogecoin (DOGE) After rising to $0.22, it recently hit a three-year high. This movement is top meme coin And it strengthens the idea that DOGE could rise to $1 by the end of the year. This cattle drive.
Interest in Dogecoin surges with Coinbase listing
Bitcoinist report it is Coinbase, the largest cryptocurrency exchange in the USwas finalizing plans to introduce memecoins into futures contract products. Coinbase’s institutional division also recently confirmed Coinbase Derivatives plans to launch Dogecoin’s first leveraged CFTC-regulated futures contract in April.
This means that institutional investors will have the opportunity to trade DOGE futures starting in April. This could be huge for meme coins. Amount of capital This class of investors could potentially enter that ecosystem. As Coinbase points out, DOGE has become more than just a meme coin and is sure to be of interest to these investors.
on the other hand, derivatives market It is known to have a significant impact on the price of crypto tokens. Therefore, depending on the psychology of these investors, DOGE price There could be significant upside volatility on the way to $1.
Bitcoin is now trading at $ 69.964. Chart: TradingView
Dogecoin’s new wallet strengthens its utility
Dogecoin Foundation recently revealed on X (formerly Twitter) post it is dogecoin giga wallet v1.0 has been released. The foundation further explained that GigaWallet “provides a convenient integration API for platforms such as online shops, exchanges, and social media platforms to trade Dogecoin programmatically.”
The launch of GigaWallet is undoubtedly significant as it could play a key role in expanding DOGE adoption.Increase in number of users It may reflect positively About the price of DOGE. The release of the wallet is also timely. individual investor They are once again drawing attention to the cryptocurrency market.
as highlighted According to crypto expert Scott Melker, DOGE is known to have attracted this category of investors during the last bull market, and developments such as this one could make it more likely that it would gain such accessibility. DOGE with its advanced capabilities could once again become the preferred option. Additionally, those who couldn’t invest in meme coins back then will find it much easier to do so now.
Interestingly, GigaWallet is also gearing up to integrate DOGE payments into the X platform.There will continue to be speculation Given that social media platforms may include DOGE in their payment services; Courtesy of Elon Musk For meme coins. If so, Gigawallet could help make the process more seamless and increase DOGE’s usefulness.
According to , DOGE was trading at around $0.21 at the time of writing, and has fallen over the past 24 hours. data From CoinMarketCap.
Featured images from Pexels, charts from TradingView
