Dogecoin Shakes Off Zero Inflow Streak, Faces Crucial Price Test

Dogecoin has ended its streak of zero inflows into exchange-traded funds (ETFs), marking two days of positive inflows in three days. The total net inflow for the ETFs was $146,020 on August 24, following a day of inflows of $654,420 on August 20.

This marks a significant shift from previous trends, where Dogecoin had seen lengthy streaks of zero inflows after experiencing either inflows or outflows. For instance, earlier in August, the ETFs saw an inflow of $82,640 on August 4, followed by six days of zero inflows before recording a negative inflow of $568,840 on August 13.

The recent trend may indicate that interest is gradually returning to the market, but a sustained streak of inflows would be needed to confirm this trend. Dogecoin's price has been facing a crucial test, having reached the $0.1 level on August 21 before retreating.