Coinbase Prepares to List Dogecoin Futures, Boosting Price Expectations

Dogecoin supporters are excited as Coinbase Derivatives LLC moves towards listing US-regulated futures for Dogecoin, alongside Litecoin and Bitcoin Cash. This development has sparked optimism for a potential price surge for the world’s second-largest meme cryptocurrency. If approved, the Dogecoin Futures contract will provide increased accessibility and legitimacy to the cryptocurrency. This filing also re-ignited a debate about the potential approval of a Spot Dogecoin exchange-traded fund (ETF). Additionally, Dogecoin has shown promising performance, with a surge of approximately 20% following the announcement. Proponents remain hopeful about the cryptocurrency’s prospects, with anticipation building around the potential approval of Dogecoin futures and its continued recovery momentum. At press time, DOGE was trading at $0.15, reflecting a 14% increase over the past 24 hours.