Why All Eyes Are On Dogecoin Today - What To Expect On October 13 | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Top DOGE influencer Top Doge has teased a special event set to take place in the Dogecoin community today. This has led to speculation about what the event could be and how it could impact the top meme coin

Dogecoin Influencer Hints At Big Things For DOGE

In an X post, Top Doge stated that big things are on the horizon for Dogecoin on October 13. He added that Bit Origin is geared up to take the lead, suggesting that this may relate to institutional adoption. Bit Origin is one of the two DOGE treasury companies that have emerged in the U.S

Related Reading: Broadening Wedge Could Send Dogecoin Price Flying, But Watch These Key FactorsThe company currently holds 70.5 million DOGE on its balance sheet, according to CoinGecko data. Meanwhile, although the Dogecoin influencer didn’t provide any further information on what to expect, he declared that the DOGE journey is just getting started. In an earlier X post, the influencer stated that DOGE is no longer just a meme anymore

He further thanked companies like Bit Origin for turning internet hype into real-world value. Top Doge added that big money is paying attention to Dogecoin. The influencer’s statement about an October 13 development for the meme coin has also led to speculation about what it might be

It is worth noting that Top Doge isn’t the only one that has teased a major event for Dogecoin today. Media personality Mario Nawfal also said that something big is coming today that should shake up the Dogecoin community and the broader crypto community

House of Doge, the corporate arm of the Dogecoin Foundation, also reposted this X post from Nawfal, further indicating that the news was related to institutional adoption. House of Doge has notably played a key role in pushing DOGE’s institutional adoption, including helping set up CleanCore’s DOGE treasury

The DOGE ETFs

The launch of the Dogecoin ETFs is major institutional news that the DOGE community is eagerly awaiting. However, that is unlikely to be the event that Top Doge and Mario Nawfal have teased about, as the SEC has put the approval of these funds on hold due to the U.S. government shutdown

Related Reading: D​​ogecoin And XRP ETFs Are Almost Here With New SEC Move – Here’s The Next Important DateThe final deadline for a decision on Grayscale’s Dogecoin ETF application was meant to come up on October 18. However, the commission plans to approve these funds under the new generic listing standards, rendering the timeline irrelevant. Now, the SEC can approve the S-1s at any time, although that is unlikely to happen until the shutdown ends. Polymarket data shows that the shutdown could last up to a month, further delaying the launch of the DOGE funds

At the time of writing, the Dogecoin price is trading at around $0.2, up over 11% in the last 24 hours, according to data from CoinMarketCap.

DOGE trading at $0.21 on the 1D chart | Source: DOGEUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.