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The return of Donald Trump to the White House, surrounded by supporters of the crypto world, lit a flame in the imagination of investors. They now see new opportunities in the field of cryptocurrencies, even awakening the ambitions of memecoins. At the heart of this craze, Dogecoin stands out: a unique financial product based on this emblematic memecoin has been launched on a European stock exchange.
Dogecoin rises to the top with an innovative ETP
THE Dogecoin News: Valour, an affiliate of DeFi Technologies, revealed an unprecedented product: an ETP (Exchange-Traded Product) based on Dogecointhe first cryptocurrency to make people laugh while charming. Listed on the Spotlight exchange in Sweden, this ETP offers institutional and individual investors simplified access to Elon Musk’s favorite crypto.
https://twitter.com/ValourFunds/status/1861402883977068948
Dogecoin, created in 2013 under the name a joke around Bitcoinquickly conquers a place of choice among a market capitalization reaching $55 billion in 2024. Unlike Bitcoin, DOGE operates on a less energy-intensive PoW blockchain network with no total supply limit.
As Johanna Belitz, Head of Nordic Markets at Valour, pointed out:
“With Trump’s victory and increased enthusiasm for Dogecoin, this ETP meets real demand.”
Some key figures:
- Total memecoin market: $100 billion;
- DOGE market capitalization: $55 billion;
- Assets managed by DeFi Technologies: $600 million.
Dogecoin is no longer limited to its simple joke image. Thanks to this new financial tool, it is asserting itself as an increasingly legitimate cryptocurrency.
The crypto market in full transformation
Dogecoin’s rise reflects a broader trend in the world of cryptoassets. Memecoins, once mocked, are becoming key players in financial innovation. In this context, platforms like Pump.fun have propelled the Solana blockchain to the forefront of the most efficient solutions.
However, not everyone shares this enthusiasm. Changpeng “CZ” Zhao, former CEO of Binance, recently urged crypto enthusiasts to focus on “real” blockchain applications rather than memecoins.
Despite these criticisms, the market continues to attract investor attention. The conclusion of a November 2024 trial against Elon Musk for alleged DOGE price manipulation has only strengthened confidence in this market.
With the launch of this ETP, Valor is highlighting a major trend: crypto is becoming accessible to the general public via regulated financial products. This change marks a giant step towards the widespread adoption of alternative cryptocurrencies.
Furthermore, do not confuse DOGE and “DOGE“! One is an iconic memecoin, the other, a solution imagined by Donald Trump and Elon Musk to reduce American debt. Dogecoin continues to show that even jokes can turn into serious opportunities.
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The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.