Dogecoin (DOGE) Surges with First Nordic ETP Launch, Driving Bullish Momentum

Dogecoin (DOGE) is on the rise thanks to the recent launch of the Valour Dogecoin (DOGE) SEK ETP on Sweden’s Spotlight Stock Market. This new development has caused a 5% increase in Dogecoin’s daily trading price, bringing it to $0.38. What’s cool about this ETP is that it allows Nordic investors to get in on Dogecoin without actually buying it outright—pretty neat, right?

Elaine Buehler, the Head of Product at Valour, is pretty jazzed about this launch. She sees it as a big step toward making digital assets more accessible to investors. And Johanna Belitz, the Head of Nordics at Valour, is all about providing quick access to the digital assets people want.

With the recent US election and the spike in Dogecoin interest, the timing of this ETP launch seems spot-on. Elon Musk’s support of Dogecoin has definitely helped put it on the map. Speaking of which, our research shows that Dogecoin has been steadily climbing for the past six months, with a 169% increase to a high of $0.475. According to crypto trader Alan Santana, this surge may be the start of a bullish cycle, similar to what we saw back in January 2021.

Santana points out that this month has seen some major milestones, including the highest volume since 2021 and breaking through long-term resistance. He thinks we could see some fluctuations in the market, but overall, he’s feeling bullish about Dogecoin’s potential. So, if you’re looking to dive into Dogecoin, now might be a good time to consider it.