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The launch of the DOGE ETF has attracted attention in the Crypto Assets market, but analysts believe its impact on the DOGE price may be limited. The main reason is that investors interested in DOGE typically already have Crypto Assets trading accounts, so the launch of the ETF may not bring in a large number of new investors.
However, the market remains optimistic about the future of DOGE. Predictions suggest that if Tesla CEO Elon Musk publicly supports DOGE again, its price could see a significant increase in the short term, with target price levels between $0.5 and $2.
It is worth noting that the overall cryptocurrency market has shown a rebound trend recently. Mainstream coins such as Ethereum (ETH) and Solana (SOL) have also been favored by investors. At the same time, the BNB token in the Binance ecosystem has reached a new high, demonstrating the market's confidence in large cryptocurrency exchanges.
As the U.S. Consumer Price Index (CPI) data is about to be released, investors are closely watching the potential impact this economic indicator may have on the Crypto Assets market. In addition, some emerging projects like ZKC are also starting to attract investors' attention, expanding their community influence through methods such as airdrops.
Overall, although the direct impact of the DOGE ETF may be limited, the entire Crypto Assets market is in a period full of opportunities and challenges. Investors need to closely follow market trends and various macroeconomic factors to make informed investment decisions.