Dogecoin News Update: Is Dogecoin Facing Collapse or a New Beginning? ETF Developments and Rising Burn Rate Challenge the Latest Downturn

Bitget App

Trade smarter

Bitget-RWA2025/11/23 22:02

By:Bitget-RWA

- Dogecoin (DOGE) and Shiba Inu (SHIB) fell 9.5% and 10.5% respectively, but Grayscale's upcoming ETF and SHIB's 23,864% burn rate surge signal potential recovery. - 21Shares launched a 2x leveraged DOGE ETF, reflecting growing institutional interest in meme coins, while SHIB's ecosystem gains credibility with Japan's regulatory approval. - Analysts highlight ETF catalysts and cultural momentum for DOGE, but warn of technical risks as prices near $0.15 support levels.

Dogecoin (DOGE) and

Shiba Inu

(SHIB) have both seen notable price drops in recent weeks, with

DOGE

sliding 9.5% to $0.158 and

SHIB

decreasing 10.5% to $0.0587 over the last week

based on market statistics

. Despite these losses, experts and traders are highlighting underlying factors that could drive a rebound. Grayscale is preparing to introduce the first

Dogecoin

ETF as soon as November 24,

after a positive 20-day SEC review period

, while Shiba Inu's burn rate

soared 23,864% within a day

, indicating a rapid reduction in supply. At the same time, 21Shares has launched a new leveraged ETF that aims to double Dogecoin exposure,

showing increased institutional interest in meme tokens

The timeline for the Dogecoin ETF has fueled investor enthusiasm. Bloomberg Senior ETF Analyst Eric Balchunas

observed that regulatory signals are highly supportive of the ETF's approval

, provided an exchange submits the necessary paperwork. This development follows 21Shares' debut of a 2x leveraged DOGE ETF (TXXD) on Nasdaq, which

tracks the token's daily moves

with amplified returns and risks. Michael Friedman, who heads U.S. Capital Markets at 21Shares, [highlighted the product's fit with "the momentum we've seen from the community"], and hinted at possible future offerings for other altcoins.

Shiba Inu's core metrics, however, are mixed. Although its burn rate surge

triggered by a single 14.4 million SHIB transfer

has lowered the circulating supply, the token is still

90% below its all-time high from 2021

. Binance influencer Jack pointed to a "trifecta of bullish signals" such as falling exchange reserves and increased buying during dips

as reported by the market

, but analysts from Motley Fool warn against investing in SHIB without clear, utility-driven growth

according to their analysis

. The recent inclusion of SHIB on Japan's regulatory "Green List"

alongside Bitcoin and Ethereum

has enhanced its reputation, but the token's future prospects

depend on further ecosystem advancements

such as its integration with Bitget Wallet.

Dogecoin News Update: Is Dogecoin Facing Collapse or a New Beginning? ETF Developments and Rising Burn Rate Challenge the Latest Downturn image 0

This week, the U.S. economic calendar features key reports on inflation, jobs, and manufacturing, which could

impact overall risk sentiment

. Unpredictable data could put pressure on crypto assets, especially as the Federal Reserve continues to delay rate cuts

according to market commentary

. X Financial's third-quarter earnings also

point to increasing credit expenses

, highlighting ongoing economic vulnerabilities.

For Dogecoin, the combination of ETF-driven demand and cultural momentum

supported by Bit Origin's $500 million DOGE acquisition strategy

could mark a turning point. Still, technical experts caution that DOGE's drop to $0.15 lacks strong support,

making a quick rebound necessary to prevent deeper declines

. On the other hand, Shiba Inu's Shibarium network is showing early throughput improvements,

with daily transactions climbing from 1,850 to 2,720 in just one day

, but the token's speculative reputation

continues to limit its mainstream appeal

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

- Over $566M in token unlocks this week tests crypto market resilience, led by LayerZero ($37.28M) and SOON ($25.86M). - Solana-based projects dominate with $69.53M SOL unlock and Kamino's CASH Growth Initiative boosting KMNO demand. - Coinbase's Vector.fun acquisition sparks TNSR token volatility, highlighting risks in governance token value retention. - Analysts debate impacts: utility-driven tokens (OP, ZORA) show stability, while XPL and WCT face scrutiny amid unlocks. - Retail traders navigate opportu

Bitget-RWA•2025/11/24 06:52

Solana News Update: Will the Crypto Market Withstand $566M in Token Releases Without Plummeting?

Bitcoin Updates Today: Bitcoin Shows Technical Stability as Hopes Rise for Fed Rate Cuts, Indicating Possible Rebound

- Bitcoin rebounds from 2-month low as analysts cite easing selling pressure and improving technical indicators signaling potential recovery. - Key support levels and oversold RSI (21) suggest short-term stabilization, though bearish MACD and weak Ethereum/XRP EMAs highlight ongoing risks. - Fed rate cut odds (69.3% for December) and ETF outflow stabilization indicate improved macro conditions, but geopolitical tensions persist. - MSCI's 2026 crypto index exclusion proposal and potential second-wave sellin

Bitget-RWA•2025/11/24 06:52

Bitcoin Updates Today: Bitcoin Shows Technical Stability as Hopes Rise for Fed Rate Cuts, Indicating Possible Rebound

DASH has dropped by 30.51% over the past week following earnings reports and analyst feedback

- DASH fell 30.51% in seven days amid analyst concerns over capital spending impacting short-term margins. - Strategic investments focus on global tech platforms, new verticals, and international expansion to strengthen market dominance. - DoorDash remains a preferred brand for mid-income consumers ($50k-$100k), emphasizing affordability over AI-driven alternatives. - Analysts highlight long-term growth potential despite volatility, urging investors to monitor earnings and macroeconomic trends.

Bitget-RWA•2025/11/24 06:46

DASH has dropped by 30.51% over the past week following earnings reports and analyst feedback

Bitcoin slips 0.4% amid heightened whale movements and shifting ETF trends, underscoring ongoing market unpredictability

- Whale 0x5D2 maintains $106M 20x BTC short with $29.78M unrealized gains, adjusting profit targets to $67,000 amid bearish Bitcoin outlook. - Bitcoin ETFs see $238.4M net inflows as institutions rebuild positions, led by BlackRock's IBIT despite prior outflows. - Centralized exchanges record 29,194 BTC net outflows as investors shift to cold storage, contrasting Binance's 16,353 BTC inflow. - Bitcoin trades at $87,098 amid 4.83% weekly decline, with $85,000 support critical to avoid further $82,000 declin

Bitget-RWA•2025/11/24 06:46