Could Dogecoin Hit $15 with ETF Approval?
According to prominent figure in the cryptocurrency community Ali Martinez, Dogecoin (DOGE) could see a significant price surge if a proposed DOGE-focused exchange-traded fund (ETF) in Delaware gains approval. Martinez's projected $15 price target represents a 4,149% increase from its current price of $0.351, indicating a potential catalyst for a substantial upward trend.
In addition to Dogecoin's potential gains, Martinez also highlighted positive trading indicators for Cardano (ADA) and Chainlink (LINK) based on the Tom DeMark (TD) Sequential indicator. The indicator is showing a buy signal for ADA and a potential price recovery, while LINK is also receiving similar signals.
These analyses suggest that the approval of the DOGE ETF could have a significant impact on the price of the meme coin, while the positive indicators for ADA and LINK present opportunities for traders. Traders may need to adjust their strategies based on these analyses to maximize their investments.