Dogecoin (DOGE) has had an increase of 5.58% over the last 24 hours. This value overtakes all the other cryptocurrencies by 2.41% gain. Major characteristics of this increase are the ETF speculation, technical rebounds, and rising volume. At press time, the coin is trading at $0.1618 with a 6.19% increase rate. The total market cap of the coin exceeds $24.57 billion, and the volume of the token is at $2.71 billion.

Also Read: Dogecoin (DOGE) Setup Signals Major Upside Move With Clear Path To $0.50
According to the data given by CoinCodex the coin might have an average price of $0.1754 and maximum price of $0.2035 in the month of November. The potential ROI of the coin can be 26.06% this month.

The data given by CryptoRank indicates that the token having a bullish run in November in the last 2 years. The average of the coin is +16.2% and the total median of the month is -4.52%.

The CoinMarketCap data indicates that 85% of traders believe that the coin might follow the bullish momentum forward. The rest 15% of traders doubt for a bearish scenario for the coin in the near future.

Grayscale’s new DOGE ETF offering that goes live on 24 November indicates an important development in the memecoin’s trajectory. This can help DOGE be more than just a memecoin. Grayscale is intending to providing an investment fund that will help with regulatory requirements for the coin. It intends to give the coin increase accessibility as an investment option on traditional brokerage services.
Also Read: Grayscale’s Dogecoin ETF Expected to Launch by November 24, Says Analyst