DOGE Aims for $0.29 As ETF Hopes And Crypto Treasuries Surge
Key point:
China-based pork processing company and Bitcoin miner Bit Origin said on Monday that it had completed the acquisition of 40.5 million Dogecoin (DOGE) for its crypto treasury. Earlier, the firm said on July 17 that it aims to become the largest publicly traded DOGE holder. For that, the firm has entered into agreements with investors to raise $500 million via a combination of share sales and debt offerings.
Could DOGE’s treasury adoption increase demand, boosting prices higher? Let’s analyze the charts to find out.
Dogecoin price prediction
DOGE has been range-bound between $0.14 and $0.29 for several days, indicating buying near the support and selling close to the resistance.
