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Bitwise Files for $DOGE ETF, Don’t Miss $FLOCK’s Presale End

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Crypto index fund Bitwise announced plans to issue a Dogecoin ($DOGE) ETF in Delaware, joining the likes of CoinShares and REX Shares. Meme coins have already been outperforming most of the crypto market sectors throughout 2024, and news about Dogecoin ETFs could keep the hype going.

Although we’re yet to see an impact on $DOGE’s price, investors have been flocking to ongoing crypto presales since late 2024, raising millions for projects like Flockerz ($FLOCK), which surpassed the $13M milestone the day before its presale ended.

These upcoming token launches will further boost the meme coin market’s liquidity and trading activity in the upcoming months, with meme coins like $FLOCK expected to deliver 10x returns to early investors.

Bitwise’s Dogecoin ETF and the Altcoin Market

Crypto index fund and ETF provider Bitwise continues its efforts to bridge the gap between cryptocurrency and traditional finance.

Bitwise had already registered a spot Bitcoin ETF with the SEC in early 2024, being among the growing number of crypto ETF providers to cover Bitcoin and top altcoins like Ethereum and Solana. Now, the index fund plans to issue a potential Dogecoin ETF in Delaware.

Bitwise’s Dogecoin ETF entity in Delaware
Source: Bitget

This decision comes amidst news of Trump’s pro-crypto SEC regulations and after other ETF providers like CoinShares and REX Shares had already filed for $DOGE ETFs with the SEC.

As the largest crypto index fund manager, Bitwise’s decision to extend its attention to a top-performing meme coin could fuel a new bullish movement in the meme and altcoin sector, potentially moving the crypto industry forward once the ETF gains approval.

So far, the news hasn’t impacted $DOGE, as the token is still seeing a dip in trading volume.

However, other cheaper and upcoming Ethereum-based meme coins are undoubtedly leveraging the momentum of the recent pro-crypto coverage in the news, as seen from Flockerz’s recent presale record of $1.4M raised in under a week.

Flockerz ($FLOCK) Presale Success — $13M Raised and Ready to List

Throughout 2024, meme coins have consistently outperformed every other crypto category, and presales have been no exception. In a downturn crypto market, investors have been shifting towards newer tokens with higher potential gains.

In this context, Flockerz ($FLOCK) has been one of the best presales to ride the meme coin hype wave over the past few months, raising over $13M in under half a year.

Over the past week, before the token presale ended, the project saw an influx of $1.4M. This suggests interest in the project has only peaked before the upcoming token listing.

Flockerz presale end announcement

Although the presale is already over, early birds can still buy $FLOCK at its current list price of $0.0066883 for four more days.

After that, the token will be listed on several centralized and decentralized exchanges, which some traders speculate could catapult $FLOCK 10x or higher over the upcoming weeks.

To buy the token before listing, go to the official Flockerz website or use the Best Wallet app.

Everything You Need to Know about Flockerz

Late 2024 has seen an avalanche of new meme coin projects, which fueled a surge in the meme coin market cap. Yet Flockerz managed to stand out from the competition for a few reasons. Most importantly, Flockerz is not just a meme coin but a governance token.

$FLOCK will support its own decentralized platform, Flocktopia, where token holders can vote on key project developments, token burns, budget allocations, and the project’s marketing strategy, as outlined in the whitepaper.

Flockerz’s Vote to Earn platform soon to go live after token listing

The Flockerz DAO will also include a Vote-to-Earn (V2E) system, where users get rewarded with more $FLOCK tokens for participating in decision-making — a first for meme coins.

Holders can also enjoy staking rewards of up to 244%, which not only incentivizes adoption but could help prevent mass sell-offs post-listing.

In a fully unregulated meme coin market rife with alleged scams and rug pulls (like the recent HAWK controversy), this focus on decentralization and community empowerment helped $FLOCK secure trust and attract the support of not only crypto whales but also smaller investors.

The project also secured Coinsult and SolidProof audits early on, establishing itself as a secure and transparent meme coin.

For more news about Flockerz’s project developments, check out their official X and Telegram pages.

Are Meme Coins Like Flockerz Worth It in 2025?

Meme coins continue to outpace traditional altcoins, and the SEC potentially granting Dogecoin ETF approvals could further fuel this bullish market sentiment. This makes meme coins an attractive option for crypto users looking to diversify.

The trend has been most noticeable among new and upcoming meme coins, which often have the potential for higher short-term gains compared to established tokens. Flockerz, for example, raised millions in presale and could spike 10x or higher post-listing, according to some analysts.

However, meme coins remain highly volatile, so it’s important to DYOR and understand the risks before investing. Remember, this information isn’t financial advice, and the performance of meme coins largely depends on market sentiment.



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Binance Traders Go Big On Dogecoin—Majority Holding Long Positions

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin investors have high faith in the future of the meme currency despite its recent price fall, market data showed, Tuesday.

Dogecoin fell to $0.153 as of April 16 after its price reached a high of $0.168 on April 13, down by 3% in the last 24 hours. This is after the recent price hike following US President Trump’s tariff halt declaration on certain countries on April 10.

Long Positions Dominate Market Activity

The mood among traders on Binance is firmly bullish for the future prospects of Dogecoin. Data from Coinglass show that over 74% of trading accounts have long positions in the cryptocurrency, while only 25% going short. This places the long-to-short account ratio at 2.90, proving widespread optimism among traders.

Long positions increased quickly on April 12, which shows that investors expect Dogecoin to bounce back from its present correction period. They are willing to pay premiums to maintain their positions, as evidenced by positive OI-weighted funding rate signals that have remained above zero since April 7.

Long|Short DOGE by accounts. Source: Coinglass

Holder Patterns Indicate Diversified Strategies

IntoTheBlock statistics reveal substantial shifts in the manner by which people are holding Dogecoin. Investors holding DOGE for over a year increased by marginally 0.13%. These types of “hodlers” as they are called within cryptocurrency forums constitute a solid support base for the currency.

Source: IntoTheBlock

In the meantime, mid-term holders (holders of DOGE for one to 12 months) decreased by 2.50%. Short-term traders experienced the largest increase, with addresses holding for less than 30 days rising by 109%. This new trader surge reflects increasing demand for quick profit from Dogecoin price action.

Technical Analysis Points To Future Price Directions

One TradingView account, FuaCompany, has plotted Dogecoin’s movement in what analysts call a rising channel. On the basis of this trend, two general scenarios for Dogecoin’s future price are on offer.

DOGE is currently trading at $0.15. Chart: TradingView

The first scenario shows Dogecoin rebounding from the lower edge of this channel and continuing to trend upwards. This would comply with what occurred before when the price rebounded back from $0.05 to higher levels.

The second scenario entails a temporary drop below the bottom line of the channel, plunging to around $0.08 before surging higher, both scenarios ultimately carrying long term bullish signals, with some projections estimating Dogecoin to even reach $0.70.

Weekly Performance Still Positive Despite Slump

Despite the recent slump, Dogecoin is still positive overall on the week. In fact, the cryptocurrency has shown quite a hefty rise-on-week for about 7.40% during the past week in spite of that dip.

DOGE price up in the last week. Source: CoinMarketCap

The price started off in early April with an initial volatility before strengthening with the Presidential Tariff declaration by Trump. Following the monthly peak on April 13, reaching 0.168, Dogecoin encountered what traders know to be a consolidation phase, where prices continue to trend sideways while forming in preparation for another move.

According to market observers, this pattern of gains and then consolidation is typical in cryptocurrency markets. The strong level of long positions shows most traders view the current price drop as just a temporary hiccup and not the start of a larger bearish trend.

Featured image from CoinFlip, chart from TradingView

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.



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XRP Leads Crypto Shopping List For Latin America Ahead Of ETH, SOL—Report

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New statistics released by crypto platform Bitso shows that XRP, as a payment option, is gaining traction with Latin American consumers. XRP currently accounts for 9% of all purchases on the platform and is gaining on much older crypto options like Ethereum and Solana. This marks a huge turnaround from 2023 when the token barely registered in an average customer portfolio in Latin America.

Mexican Users Drive XRP Adoption Throughout The Region

Interest in XRP among the Latin American nations was propelled by Mexican cryptocurrency traders. In Bitso’s report, Mexican users applied 10% of all cryptocurrency buying activity towards stocking up on XRP. This pattern occurred as total platform activity slowed, but XRP buying increased significantly against other cryptocurrencies.

Mexican popularity of XRP is noteworthy because Bitso processed substantial volumes of cross-border payments there. According to their reported volumes, Ripple processed $3.3 billion in remittances through their channel with Bitso in 2022 from the United States into Mexico.

Source: Bitso

Portfolio Composition Reflects Drastic Spike In XRP Holdings

In such a context, the report by Bitso brings out the most impressive discovery: the pace with which XRP came to the portfolios of Latin American cryptos. As of 2023, XRP was non-existent in the typical portfolio composition of Latin American Bitso clients. In 2024, that number had risen to 13%, reflecting a seismic change in local investment patterns.

Source: Bitso

This rapid adoption means portfolios of users in the region now include a significant XRP component, despite the token not registering in portfolio stats just a year earlier. The change signals growing confidence in XRP among Latin American cryptocurrency investors.

Bitcoin And Stablecoins Still Dominate Trading Activity

Though XRP demonstrated impressive growth, Bitcoin and stablecoins are still the leading options among Latin American crypto users. Based on the Bitso report, Bitcoin represented 22% of the total purchases on the platform in 2024, a decrease from nearly 30% during the first half of the year.

XRP is currently trading at $2.06. Chart: TradingView

Stablecoins led all cryptocurrency categories with almost 40% of purchases attributed to these dollar-pegged cryptocurrencies. Stablecoin appeal is probably due to their application as a local currency inflation hedge and entry point for other crypto investments.

Political Changes And Price Performance Drive Interest

XRP’s 230% price appreciation in 2024 – its best since 2021 – also likely helped to make it so popular. The majority of the rally, as per the report, occurred in the fourth quarter of the year.

The hope for XRP seems linked to US political events. The report indicates Donald Trump’s presidential win and SEC Chair Gary Gensler’s resignation spurred new interest in XRP. These triggered expectations of possible regulatory clarity that could favor XRP and its parent company Ripple, which has faced legal battles with US regulators.

Featured image from Pexels, chart from TradingView

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.



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What’s Up With BTC, XRP, ETH?

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Crypto Market Highlights: Another week has ended within the unpredictable world of cryptocurrencies, and investors are left cautious due to turbulent price actions. Bitcoin (BTC) price has traded around the same level in the past 7 days, whereas Ethereum (ETH) managed to lose nearly 1% within the exact duration. Ripple’s XRP price continued its consolidation phase this week, adding to speculations about its future price movements.

Mentioned below are some of the most buzz-worthy cryptocurrency market highlights reported by CoinGape Media over the past week.

Crypto Market Highlights: BTC Updates This Week

BTC price shut the week at around the $85K level, riding a roller coaster in the past seven days. The weekly bottom and peak for the flagship crypto were recorded at $83K and $86K, respectively. This turbulent price action comes despite a stockpile of bullish developments that appear to have considerably impacted investor sentiment this week.

CoinGape reported that Michael Saylor’s MicroStrategy again purchased 3,459 Bitcoin for $285 million and rattled the crypto market. The MSTR stock price also surged subsequently.

Further, Semler Scientific filed to buy $500 million worth of Bitcoin amid its $30 million DoJ settlement this week. With this mover, the firm aimed to boost its Bitcoin reserves despite the broader market uncertainty.

Meanwhile, it’s worth pointing out that U.S. President Donald Trump announced up to 245% tariffs on China this week. On the other hand, China was apparently mulling over the sale of 15K BTC, another intriguing development that captured investors’ attention globally.

Besides, BTC whales were recorded as absorbing 300% of the flagship coin’s new supply, sparking optimistic speculations about long-term price prospects.

Ethereum & XRP Developments

ETH is trading around a $1,600 price level, losing roughly 3% in the last 7 days. Despite this waning action, CoinGape has reported that a rally to $4,800 awaits the second-largest crypto by market cap. This bullish ETH price projection comes as the coin is trading on the north side of a key resistance trend.

However, it’s also worth pointing out that Ethereum faced increased selling pressure due to heightened whale dumps this week. In response to this, market participants are conversely anticipating a potential dip below $1.5 may also be possible.

Besides, Ethereum ETFs recorded $32 million worth of weekly outflows this week, adding further risk to the asset’s price.

In addition, Ethereum fees have also witnessed a severe price decline as user activity decreased amid the recent market turmoil.

XRP price stood at the $2.08 price level after witnessing a highly volatile trading session over the past week. Despite soaring ETF odds, the crypto has yet to see a rising price action. Notably, 9 XRP ETFs have been filed to date, including Bitwise, 21Shares, Grayscale, and Canary Capital.

On the other hand, Ripple whales have also moved hundreds of millions of dollars worth funds this week. 

The XRP lawsuit advanced as the U.S Court of Appeals granted Ripple and the SEC’s motion to suspend their appeals while they finalized the settlement. Overall, the abovementioned updates were some of the top crypto market highlights reported by CoinGape Media over the past week.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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