The first ETP Dogecoin has just been launched, the price of DOGE may increase by 100% to cope

The first Dogecoin (ETP) trading product has officially launched, sparking excitement about the potential increase in DOGE price. Combined with other bullish factors that have driven the recent increase in DOGE price, this new ETP positions the leading meme coin as capable of rising 100% to new highs. Valour introduces the first Dogecoin ETP Valour Inc, a DeFi technology subsidiary, has introduced Dogecoin ETP on the Spotlight stock market of Sweden. This development marks the first Dogecoin ETP available in Northern Europe, specifically in the Nordic countries. According to the press release issued by Valour, the new Dogecoin ETP will expand the effectiveness of the company's products and the reach of its DeFi target audience. Currently, Valour provides access to multiple managed digital asset ETPs, including Bitcoin, Ethereum, and many leading cryptocurrencies. The company has about 40 ETPs on exchanges and the total assets under management (AUM) are $609 million. With the new Dogecoin ETP, Valour can expand its services to new markets and investors, and DOGE is ready to see even greater adoption. Valour reveals that the new Dogecoin ETP will make it easier for investors to access this popular meme coin, allowing them to know its market performance without the risk or complexity of owning the cryptocurrency directly. Elaine Buehler, Product Head at Valour, has shed light on the new development, revealing that the launch of the world's first Dogecoin ETP marks a significant milestone in line with the company's mission to democratize access to digital assets. Furthermore, she expressed excitement at the prospect of launching a product that "captures the essence" of the vibrant community and market presence of DOGE. Can the new ETP drive the price of DOGE up 100%? As of the time of writing this article, Dogecoin is trading at $0.39, according to CoinMarketCap. Although it has retested and failed to break the $0.4 resistance level, the price of DOGE has seen an impressive increase since the beginning of the month. This price increase is mainly driven by the general market sentiment and price-increasing factors, such as the conclusion of the US presidential election, SpaceX, and Tesla CEO Elon Musk. With the launch of Dogecoin ETP, it may act as another significant price catalyst, and the price of DOGE could witness a strong 100% price increase, reaching a surge to $0.78. Many analysts have predicted that DOGE could reach the $1 mark before the end of the year, positioning it as one of the best-performing assets in this bull market. Alongside the price increase sentiment generated by the new ETP Dogecoin, Johanna Belitz, Head of Northern Europe at Valour, emphasized that the results of the US election and Musk's influence have boosted the effectiveness of DOGE's popularity and demand. Due to increasing demand and decreasing supply often driving sudden price increases, DOGE could witness further price uptrend if positive sentiment around the new Dogecoin ETP continues to drive price momentum.