Holders of DOGE have observed a decline in its price this week amidst changes in partnerships among companies associated with the cryptocurrency. On November 5, 21Shares terminated its collaboration with House of Doge, a group responsible for research and marketing related to the TDOG fund. According to a filing from November 6, this fund currently possesses only $2.8 million worth of DOGE. Consequently, the key question in Dogecoin news today is which entity will become the next major purchaser of this $11 billion asset.
Meanwhile, Pepeto is attracting significant investment for a presale of a meme coin aimed at creating a trading platform with zero transaction fees. This news raises two pivotal inquiries: who supports the coin, and what are the trading costs? Pepeto provides clear answers to both questions.
Dogecoin Update: DOGE Closes at $0.0711, Lowest Since August
As of November 8, DOGE is trading around $0.0718, a day after it marked its lowest daily close since August at $0.0711. The record low for 2026 remains at $0.069, approximately 4% lower. In contrast, the 50-day and 200-day moving averages are near $0.085, indicating an 18% increase from the current price point.
Despite the filing, the management fee for TDOG, set at 0.50% annually, remains unchanged, resulting in minimal movement for DOGE following the announcement. Notably, DOGE had previously surged 45% from its August low to September 23, even while the moving averages were trending downward.
The overall market capitalization of DOGE, sitting at around $11.3 billion, determines the potential for recovery. To achieve an 18% increase back to its moving averages, approximately $2 billion in new investments will be required. Interestingly, a $500 investment yields the same percentage increase as a $5 million one.
Thus, current news surrounding Dogecoin presents holders with a gradual return of 18%. However, the funds managing DOGE on their behalf impose annual charges ranging from 0.50% to 2.50%. In contrast, Pepeto eliminates these costs entirely; it’s a meme coin at a developmental stage reminiscent of when DOGE’s first investors profited. Additionally, Pepeto is working on an exchange that imposes no transaction fees.
Pepeto Secures $11.3 Million for Unprecedented Meme Coin Exchange
Pepeto has successfully raised over $11.3 million to support an exchange for a meme coin, a feat that many other meme coins have yet to achieve. Development is underway for the exchange, alongside a cross-chain bridge and an AI security scanner. Early adopters and large investors, the foundational supporters of Pepeto, are currently testing these developments.
This exchange is designed to optimize the trading experience for DOGE investors. For instance, a $1,000 transaction incurs about $3 in fees on Uniswap and $2.50 on PancakeSwap. Conversely, PepetoSwap offers transactions at a 0.00% fee, only requiring users to pay network gas fees. A trader who handles $2,750 every Thursday over a year stands to save approximately $429 that would otherwise go to Uniswap.
Additionally, the bridge facilitates the transfer of coins across five blockchain networks at no charge, while the security scanner prevents the purchase of tokens that holders cannot subsequently sell. The project is co-founded by one of the original Pepe creators, with its code audited by SolidProof.
The current presale price for Pepeto stands at $0.0000001906, with stakers potentially earning a 160% annual percentage yield (APY) on their locked tokens, with rewards available upon listing. The price is set to increase with each new stage of the presale. Notably, DOGE would need about 180 times Pepeto’s total raise just to hit its moving averages. Hence, a $1,000 investment in Pepeto constitutes a significantly larger proportion of its base compared to DOGE.
Summary
The withdrawal of 21Shares has minimal impact on DOGE’s long-term prospects, despite a small fund’s inability to drive swift changes. Initially, DOGE closed at approximately $0.002 in 2019 with neither an app nor its own exchange, yet by May 2021, it peaked around $0.73, transforming a $1,000 investment into nearly $360,000.
For those tracking updates on Dogecoin today, DOGE presents a potential return of about 18% to its moving averages, having relied largely on its community to reach this point. Pepeto, however, begins with an enthusiastic meme coin crowd at its presale stage and three innovative tools that encourage buyer engagement with the token.
The presale price will conclude at the anticipated Binance listing, with each stage prior priced higher than the last.
Click To Visit Pepeto’s Official Website To Join The Presale
This content is sponsored. Cryptocurrency investments carry risks and should not be considered financial advice.