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The United States Securities and Exchange Commission (SEC) has officially acknowledged the spot Dogecoin ETF filing from 21Shares, an update that has set the DOGE price on a bullish ride. This acknowledgement officially sets the 21Shares DOGE ETF product on the commission’s timeline for approval. Notably, the commission can take up to 240 days to approve or reject the ETF proposal.

21Shares Dogecoin ETF and DOGE Price Reaction

With SEC acknowledgement, the 21Shares product now joins Grayscale Investments, which are also awaiting feedback from the US SEC. 21Shares filed for the DOGE ETF on April 9. Per the firm’s demand, it hopes to launch the product to provide exposure to the Dogecoin price with institutional investors as its target.

Though it is not sure that the commission will approve the fund like it did with Bitcoin and Ethereum ETFs, the recent acknowledgement suggests that a review process for the proposed ETF has kicked off. 

The fund may be approved and launched later this year, considering the US SEC’s regulatory overhaul. Many crypto enthusiasts are optimistic that the new SEC leadership will hasten the review process.

With a pro-crypto Donald Trump-led administration and the confirmation of Paul Atkins as SEC Chair, the agency has become more receptive to crypto. This ‘benevolence’ could impact the 21Shares’ Dogecoin ETF filing.

Market Momentum Shifts In Favor of DOGE Price

Following the US SEC acknowledgment of the 21Shares spot Dogecoin ETF filing, the DOGE price jumped 6.29% in the past 24 hours to $0.2404. This rally comes despite the volatility recorded earlier in the trading hours. However, the coin has pared off all short-term and long-term losses, with its 7-day price growth at 42.19%.

The price jump aligns with Rekt Capital’s recent analysis on the future of the canine-themed memecoin. Per the earlier DOGE price analysis, Rekt Capital noted that the coin could rally to $0.27 because it can hold support at the $0.22 price level amid an ongoing bullish shift in the market.

Beyond the Dogecoin ETF push, other asset management firms are waiting for related acknowledgment from the market regulators on their ETF applications. As reported earlier by CoinGape, Bitwise filed to list a spot NEAR ETF with the US SEC about a week ago.

With the current trend that has seen other top altcoins like Binance Coin, XRP, and Cardano jostling for ETF listings, market analysts have highlighted high odds of listing these alternative products.

The post Breaking: Spot Dogecoin ETF Advances to Review Stage; DOGE Price Spikes appeared first on CoinGape.

The post Breaking Crypto News: XRP & Cardano Skyrocket While XYZVerse’s Presale Gains Momentum – What’s Behind the Hype? appeared first on Coinpedia Fintech News

XRP and Cardano are experiencing significant growth, with both digital currencies seeing sharp increases in value. Meanwhile, the presale of XYZVerse is drawing considerable interest from investors. What is fueling these sudden movements in the market? This piece delves into the factors behind the surge and the buzz surrounding these assets.

XYZVerse: The Best New Meme Project You Can’t Afford to Bench!

XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where crypto enthusiasts can score big off the growing demand for meme coins.

But every revolution needs a hero—someone willing to fight against the odds and push the $XYZ token to the top.

That hero is XYZepe, the masked fighter, the true believer, the relentless $XYZ holder whose mission is to bring XYZVerse to the #1 spot on CoinMarketCap. It’s about proving that underdogs can rise to greatness.

With millions of sports fans ready to hit the field, the XYZVerse ecosystem is set to keep expanding—and your rewards will slam dunk through the roof!

And here’s a highlight reel moment: XYZVerse has been officially recognized as the Best NEW Meme Project—a title that underscores its explosive potential in the meme coin arena.

XYZ presale is your first-quarter chance to get in before the mind-blowing explosion!

Meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. Currently priced at $0.0025, $XYZ remains an undervalued crypto gem poised to rise to $0.1 at the final presale stage.

But victory doesn’t happen overnight—it takes dedication, strategy, and a fighter willing to go the distance. XYZepe knows the battle ahead, but with the community behind him, he’s taking $XYZ to legendary status.

With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here—get in before the crowd storms the field, and you’ll be sitting on way bigger returns!

XYZepe is fighting for glory—will you stand with him?

XRP Shows Potential Upside as Bulls Regain Momentum

XRP is currently trading between $2.26 and $3.32. In the past week, its price has increased by 5.86%, signaling a possible resurgence of bullish momentum. Over the last six months, XRP has seen substantial growth of 350.33%, although it experienced a slight decline of 4.78% over the past month. The recent price movement suggests that bulls may be gaining strength after a period of consolidation.

Technical indicators show potential for further growth. The Relative Strength Index is at 51.80, indicating neutral momentum. The MACD level is slightly positive at 0.007322, suggesting an upward trend. If XRP breaks through the nearest resistance level at $3.70, it could rise by approximately 50% from the current price of around $2.46. Further upward movement could see it reach the second resistance at $4.76, representing a potential gain of around 93%. However, the nearest support level is at $1.58, which could act as a base if prices pull back.

Cardano (ADA) Gains Over 38% in a Week, Eyes Higher Resistance Levels

Cardano (ADA) has seen significant price movement recently. In the past week, its price increased by over 38%, moving within a range of $0.76 to $1.33. The 10-day simple moving average is at $0.94, higher than the 100-day average of $0.84. This suggests a positive short-term trend. The Relative Strength Index (RSI) is at 57.19, indicating that the coin is neither overbought nor oversold.

If the upward trend continues, ADA may test the nearest resistance level at $1.53, which could represent an increase of up to 30% from current prices. Breaking through this resistance might open the path to the second resistance level at $2.10, implying a potential gain of about 57%. However, if the price declines, the nearest support level is at $0.38, where buyers might step in.

Conclusion

While XRP and ADA perform well, XYZVerse’s unique sports memecoin aims for 20,000% growth, blending meme culture with sports to become a cultural icon.

You can find more information about XYZVerse (XYZ) here:

Site, Telegram, X

The post Breaking Crypto News: XRP & Cardano Skyrocket While XYZVerse’s Presale Gains Momentum – What’s Behind the Hype? appeared first on Coinpedia Fintech News
XRP and Cardano are experiencing significant growth, with both digital currencies seeing sharp increases in value. Meanwhile, the presale of XYZVerse is drawing considerable interest from investors. What is fueling these sudden movements in the market? This piece delves into the factors behind the surge and the buzz surrounding these assets. XYZVerse: The Best New …