Dogecoin Trades Below $0.10 as ETFs Log $3.5 Million in Inflows

Dogecoin (DOGE) traded at $0.0946 when this article was updated Oct. 5, below $0.10 as DOGE exchange-traded funds recorded three consecutive weeks of inflows.

The funds took in about $3.5 million over that period. Weekly inflows were approximately $284,500, $2.8 million and $327,360. DOGE ETF assets rose to $16.2 million from about $12 million in mid-September.

DOGE briefly traded above $0.10 on Sept. 21, reaching $0.106. Over the two weeks that followed, it moved between $0.091 and $0.099. The token remained nearly 20% above its mid-September low near $0.079.

The relative strength index was above neutral, while on-balance volume reached about 154.31 billion for much of late September.

DogeOS opened its public testnet Sept. 30, giving developers an environment to test payments, trading, lending and games built around DOGE. Testnet fees use free test DOGE obtained from a faucet. DogeOS is an application layer that leaves Dogecoin’s Layer 1 unchanged.

The latest price action follows a period when DOGE traded below $0.10 after briefly reaching that level during the week.