Dogecoin Rides ETF Excitement, While Shiba Inu Wrestles $2.3 Million Fallout — A Tale Of Two Meme Giants
The gap between meme giants Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) widened over the last week, with the former surging on exchange-traded fund optimism while the younger sibling battling hack-induced jitters.
DOGE Cheers ETF Optimism
Dogecoin was up nearly 12% over the week, emerging as the most successful large-cap cryptocurrency and outgaining the likes of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). During the period, it topped $0.30, a level not seen since early February.
The coin’s open interest jumped 25% over the last week to $5.32 billion, according to Coinglass, suggesting high demand for its derivatives.
The surge comes ahead of the anticipated launch of the first Dogecoin ETF, which, according to Bloomberg analyst Eric Balchunas, could debut …
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