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Why Dogecoin Is Moving Higher Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is posting another round of strong gains in Tuesday's trading. The crypto token was up 1% at 2:30 p.m. ET. At the same time, Bitcoin and Ethereum were both down roughly 1%.

Dogecoin has continued to climb on expectations that the Securities and Exchange Commission (SEC) could be poised to approve a Dogecoin exchange traded fund (ETF). The cryptocurrency is now up 13.9% over the last seven days of trading -- a performance that makes it the biggest gainer of any top-10-market-cap token across that stretch.

Image source: Getty Images.

Source Fool.com

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