Experienced analyst Peter Brandt, who is followed by investors with his analysis of Bitcoin (BTC) and the cryptocurrency market, made a new post.
Peter Brandt, who has 50 years of experience, shared his analysis of Elon Musk-backed Dogecoin (DOGE).
Accordingly, Brandt identified a bullish price trend for Dogecoin, the largest memecoin by market capitalization.
At this point, Brandt expressed his reaction to Dogecoin surpassing $0.30 over the weekend, describing Dogecoin’s recent surge as “tremendous.”
While Brandt highlighted DOGE’s success, Dogecoin has been the best-performing altcoin among the top 15 assets by market capitalization over the last seven days.
DOGE’s over 21% surge surpassed Solana’s 17%, Sui’s 9.63%, and HYPE’s 10% surge, which were the biggest gains outside of Dogecoin.
Moreover, this increase in the Dogecoin price occurred despite the delay in the launch of the Rex Osprey Dogecoin ETF.
Bloomberg ETF analyst Eric Balchunas had previously stated that the DOGE ETF would launch on Thursday last week. However, contrary to expectations, the DOGE launch didn’t happen and was postponed until later. Bloomberg analyst James Seyffart suggested this week for the launch. Seyffart announced that the DOGE ETF would likely launch on September 18th.
*This is not investment advice.