Why All Eyes Are On Dogecoin Today – What To Expect On October 13
Top DOGE influencer Top Doge has teased a particular occasion set to happen within the Dogecoin community at the moment. This has led to hypothesis about what the occasion might be and the way it may influence the highest meme coin.
Dogecoin Influencer Hints At Big Things For DOGE
In an (*13*), Top Doge acknowledged that large 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 will likely relate to institutional adoption. Bit Origin is likely one of the two DOGE treasury companies which have emerged within the U.S.
The firm presently holds 70.5 million DOGE on its stability sheet, based on CoinGecko data. Meanwhile, though the Dogecoin influencer didn’t present any additional info on what to anticipate, he declared that the DOGE journey is simply getting began. In an earlier X post, the influencer acknowledged that DOGE is not only a meme anymore.
He additional thanked corporations like Bit Origin for turning web hype into real-world worth. Top Doge added that large 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 could be.
It is value noting that Top Doge isn’t the one one which has teased a significant occasion for Dogecoin at the moment. Media character Mario Nawfal also stated that one thing large is coming at the moment that ought to shake up the Dogecoin neighborhood and the broader crypto neighborhood.
House of Doge, the company arm of the Dogecoin Foundation, additionally reposted this X publish from Nawfal, additional indicating that the information was associated to institutional adoption. House 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. However, that’s unlikely to be the occasion that Top Doge and Mario Nawfal have teased about, because the SEC has put the approval of those funds on maintain because of the U.S. government shutdown.
The closing deadline for a choice on Grayscale’s Dogecoin ETF utility was meant to come back up on October 18. However, the fee plans to approve these funds underneath 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 data exhibits that the shutdown may last as long as a month, additional delaying the launch of the DOGE funds.
At 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 data from CoinMarketCap.