Dogecoin’s Surge Fuels Interest Despite Market Stagnation

Despite a stagnant broader market, Dogecoin experienced a notable 4% surge on Friday, contrasting sharply with the S&P 500 and Nasdaq. The rise coincided with investor uncertainty surrounding the U.S. Federal Reserve’s recent statements. While futures data suggests potential waning momentum for Dogecoin, enthusiasm is growing due to institutional investment prospects. Companies like 21Shares are introducing spot Dogecoin ETFs, which could attract significant capital from established firms.