An intriguing event is brewing in the crypto world: the DOGE ETF is set to officially log in to Wall Street this Thursday. The importance of this news cannot be underestimated, as it could become a key factor in igniting the market.

Pushing a meme coin that was once considered 'useless' onto Wall Street exchanges is enough to spark investor interest in itself. In the crypto assets field, market sentiment is often the main force driving the flow of funds. Once sentiment is ignited, we may see funds flood in like a tide.

Currently, the market has begun to heat up. The topic of ETFs has become the core catalyst for this wave of market movement. Regardless of the final outcome, market expectations have already started to take effect. At the same time, the movements of institutional investors are also worth paying attention to. Data from September this year shows that large investors (commonly known as 'whales') have begun to increase their holdings, which may indicate a price rise in the short term.

Discussions about DOGE on social media have been overwhelming, especially when the price broke through $0.30, which sparked widespread attention. This not only attracted a large amount of traffic but may also bring in new investment funds.

It is worth noting that this market trend is not driven by a single factor. What we are seeing is the combined effect of market sentiment, institutional investment, and ETFs.

From a technical perspective, the recent price movement also shows considerable potential. Although it has fallen from a high of $0.312 to $0.279, a decline of about 10%, such a pullback is common in a healthy upward trend and is not a cause for concern. The direction of the moving averages has also begun to show an upward trend, which is typically seen as a positive signal.

However, investors still need to be cautious. The crypto assets market has always been highly volatile, and any investment decision should be based on thorough research and risk assessment. The launch of the DOGE ETF is undoubtedly a milestone event, but its long-term impact on the entire crypto asset ecosystem remains to be seen.