The Dogecoin price is imitating a similar performance pattern to XRP following the DOGE ETF acknowledgment by the SEC. This narrative has developed a potential bullish rally for Dogecoin price among memecoin investors. Meanwhile, the AI newcomer IntelMarkets is challenging the meme king ‘DOGE’ with Nvidia backing and a whopping $9.48 million presale. Analysts Observe XRP Pattern In Dogecoin Price Rally Dogecoin price surged 3% in the market on Friday, which extended its weekly gains to 17% as ETF speculation gained traction. Crypto experts attribute the acknowledgment of Grayscale’s XRP and Dogecoin ETF applications by the U.S. Securities and Exchange Commission behind the latest bullish DOGE price breakout. Dogecoin price action has been on an uptrend in recent months amid a shift in the presidential government. Elon Musk’s increasing involvement in Trump’s administration and the establishment of the D.O.G.E (Department of Government Efficiency) has grown media awareness around DOGE. While the recognition is part of the SEC’s routine process, it signals a potential shift in Dogecoin price in the upcoming weeks. Under former Chair Gary Gensler, similar filings like DOGE were dismissed outright. However, the current scenario suggests a changing regulatory sentiment under Trump’s leadership, which includes promises to relax crypto regulations. DOGE Faces Open Interest Correction: Dips By $60 Million Despite DOGE’s 3% gains in the spot market, market trends suggest even more upside potential ahead for the Dogecoin price. Data from Coinglass shows that DOGE’s open interest has dropped by $60 million in the last 48 hours before stabilizing at $2.42 billion. Open interest shows the total value of outstanding futures contracts in the network. A sharp decline in this metric often suggests short traders are closing out their positions, hence called short capitulation. This happens when bearish traders exit in groups to minimize losses and reduce selling pressure. This way, the altcoin (Dogecoin price) soars ahead for price appreciation. Short capitulation is often a precursor to massive price breakouts. IntelMarkets vs Dogecoin Shakedown: AI Newcomer Slams Memecoin While memecoin lovers are excited to witness the sudden Dogecoin price rally, IntelMarkets is winning investors by attracting high-profile AI crypto profiles. Memecoin whales are on a roll and are pumping millions into IntelMarkets’ ongoing presale, which is clear through the platform’s 24 hours of over $450,000. This sentiment is poised to push IntelMarkets to new highs. Investors are rushing to this AI newcomer to discover the best way to buy, sell, and trade using advanced AI agents. IntelMarkets brings together next-generation analytics with its native layer-1 blockchain technology to execute the deployment of AI tools in crypto trading. This means traders can automate their trading strategies and just watch while AI does all the work. Meme King Falls Prey to AI Platform With Nvidia Backing As IntelMarkets is gaining widespread recognition and growing among savvy investors, the meme king DOGE is falling behind and losing its shine. This AI platform has stolen the spotlight with Nvidia backing and AI-driven trading features that enable traders to make the most of even the minor movements in the trillion-dollar crypto market and make maximum profits. Speculations about the potential DOGE ETF approval by the SEC might have given the meme king a short-term price appreciation, but IntelMarkets’ solid growth among investors is pulling whales with its mind-blowing presale performance. With over $9.48 million raised and over 36 million INTL tokens sold, IntelMarkets is by far the best presale project to check out in Q3. Discover More About IntelMarkets: Presale: https://intelmarkets.io/ Buy Presale: https://buy.intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
