Bitwise Dogecoin ETF Launch: Bitwise launched its Dogecoin ETF, trading under the ticker BWOW on the NYSE, aiming to provide regulated access to Dogecoin for investors seeking custody and transparency.
Grayscale Dogecoin ETF Activity: Grayscale's Dogecoin ETF, GDOG, initially struggled with no primary-market participation but saw $1.80 million in inflows after its first trading day, indicating growing interest from institutional investors.
Current DOGE Price Trends: Dogecoin is trading near $0.152, facing resistance at the 20-day EMA of $0.158, with bearish momentum evident as attempts to break above this level have been rejected.
Market Outlook for DOGE: A drop below $0.148 could lead to further declines towards $0.135, while a significant recovery would require a decisive close above the 20-day EMA and the descending trendline.
Wall Street analysts forecast GDOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDOG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast GDOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GDOG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 14.600
Low
Averages
High
Current: 14.600
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
