Dogecoin rises 20% as Treasury Firm Amasses Doge, ETF is approaching the launch

Dogecoin is one of the biggest profit in the past week, in which Majors such as Bitcoin and Ethereum are defeated, because new catalysts encouraged the OG Meme Coin to its highest price in almost a month.

DOGE was recently priced at $ 0.2543, rose nearly 20% last week and reached the highest price since 13 August, according to data from Coetecko.

No coin in the top 10 cryptocurrencies per market capitalization has won more in the past week than doge, although the coin remains far above 2021 of all time high figure above $ 0.73.

Every other coin in the top 10-usides dollar-pegged stablecoins-has been set up a new of all time in the last 12 months. Analysts recently told Decrypt That doge has been the only one out of a bit because of a lack of demanding programs such as Treasury companies that collect billions of dollars at the currency, or ETFs that accumulate coins because of investor’s interests.

But that starts to change.

On Monday, CleanCore Solutions – the first listed Dogecoin Treasury, which acts as a zone on the NYSE American – were able to make his first purchase of the cryptocurrency and then revealed a purchase on Thursday afternoon.

CleanCore said it now contains more than 500 million doge, with a value of more than $ 125 million. The company established his treasury together with House of Doge, the commercial arm of the Dogecoin Foundation that supports the cryptocurrency, and has called itself a “official” Treasury Company as such.

“The exceeding of the 500 million doge threshold shows the speed and scale with which Zone performs its treasury strategy,” said CleanCore Cio and House of Doge, Marco Margiotta, in a release. “Our vision is to set up Dogecoin as a leading reserve assets and at the same time support its broader use in payments, tokenization, stake-like products and global transfers.”

Zone has risen around 6% in the week and has risen by more than 200% since the beginning of the year.

The recent rise of Dogecoin is also amidst anticipation on the first Doge ETF launching in the United States. The Doge ETF from Rex-Esprey, which will use the Doje Ticker, will start on Friday after being delayed for a day.

Although it will be on the list under a process other than most spot Bitcoin and Ethereum ETFs acting in the United States, as analysts said Decrypt This week the end result will be almost the same: it will enable traditional investors to gain access to the original and still most valuable meme.

“Pretty sure that this is the very first US ETF to hold something that is not intentionally useful,” Bloomberg Senior ETF analyst Eric Balchunas wrote this week on X.

Users of Myriad, a prediction market developed by DecryptThe parent company Dastan is always bullish in the prospects of Dogecoin and is currently projecting a 66.6% chance that Doge is more likely to fall at $ 0.30, than $ 0.15. That brand rose by almost 15% in the past week in the midst of the price climb of Dogecoin.