Memecoins remain a significant niche in the digital asset space, with Dogecoin ($DOGE) leading the pack. As of the time of writing, this pioneer memecoin is currently trading at $0.1759, representing a modest increase over the past 24 hours. $DOGE also commands a whopping 46.55% ($27.7 billion) out of the total $59.5 billion memecoin market cap, according to Coingecko.
This move represents a much-needed rebound following the recent crypto liquidation events, most notably on 10/10, which saw over $19 billion wiped out of the crypto market. $DOGE experienced a 50% flash crash before rebounding to $ 0.1910. With those lows now scooped and market sentiment gradually turning positive, $DOGE could be poised for another leg up before the month closes.
Trump’s $2k Tariff Dividend: Catalyst for $DOGE?
President Trump’s latest tariff announcement on Truth Social, which included a mention of a $2000 dividend for everyone, may have partly influenced recent price action across the broader crypto market.
“People who are against Tariffs are FOOLS! We are now the Richest, Most Respected Country in the World, With Almost No Inflation, and A Record Stock Market Price…A dividend of at least $2000 a person (not including high-income people!) will be paid to everyone.”
Following this post, the total crypto market cap has surged by 3.6% to $3.68 trillion. Notably, $DOGE is among the top gainers in the top 20, except for $XRP and $ETH, both of which have been gaining institutional traction in recent weeks.
If Trump’s proposal of a $2000 dividend for everyone is implemented, we could witness a replica of the 2020 COVID stimulus checks, which triggered a rally in risk-on assets. $DOGE was one of the biggest beneficiaries of this wave.
That said, it remains to be seen whether the comments could lead to a sustained rally or $DOGE will enter an accumulation phase before it runs bull market numbers.
$DOGE rebounds 4.7%, following a week of bearish price action
Dogecoin ETF on the Horizon
The prospects of a Dogecoin ETF going live in the U.S. is another positive catalyst that could attract institutional inflows to $DOGE. Recently, Bitwise Asset Management debuted its Solana ETF, attracting $56 million in its first day of trading.
This global asset manager is now eyeing a Dogecoin ETF, with the latest updates indicating that Bitwise confirmed that it will likely go live in November under the SEC’s Section 8a automatic approval rule. Grayscale also recently amended its $DOGE ETF filing, triggering a 20-day countdown for a similar approval.
For now, the biggest challenge for bulls is to reclaim the $0.18 support level and set a lower high trading frame, as the market anticipates the U.S. Dogecoin ETF launch. On the other hand, technicals remain shaky, and the possibility of this being a short-lived run is still high.
Dogecoin Surge Sets Momentum for $EV2 Presale
The latest $DOGE uptrend has set the momentum for several upcoming presales, most notably Earth Version 2, which announced the forthcoming launch of its $EV2 native token this week.
With the presale already live, each token is currently trading at $0.01. The team intends to allocate 40% of the total 2.88 billion token supply towards the presale phase. To date, a total of 90,500 tokens have been purchased by early investors.
Earth Version 2 marks a new era of blockchain-powered gaming, surpassing the advanced iterations of NFT gaming seen in 2020 and 2021. EV2’s economic model places significant emphasis on an equitable reward structure and sustainability framework. For example, early players and investors will have access to mystery boxes, among other in-game products that define the EV2 community-driven ecosystem.
What stands out about this ongoing presale is the wide range of purchasing options. Beyond crypto assets like Bitcoin, Ethereum, Tether, Solana, and BNB, interested investors or users can also buy the $EV2 token through their bank cards.
What Next for Dogecoin Price in November?
The crypto market’s bounce back as the week opens signals optimism for the rest of November, although it remains uncertain whether these fortunes will hold to the end of the month.
Prediction market platform, Polymarket, indicates that most speculators doubt the price will cross $0.2 at any point in November: [yes] shares are currently priced at 70 cents per share. At the same time, several traders have a conviction that the price will drop below $0.15, with [yes] shares currently going for 43 cents.
Looking at other metrics, $DOGE enjoys a 24-hour trading volume $2 billion, while the weekly trading range is between $0.155 – $0.1842. This figure is now within a 24-hour trading range of $0.1768 – $0.1846, marking a strong start to the week.
EV2 Presale
Website: https://ev2.funtico.com/
Telegram: https://t.me/EV2_Official
Twitter/X: https://x.com/EV2_Official
