Dogecoin Price Prediction: $0.10 as the Ceiling, and What to Watch at a 2.5 Percent ETP Fee

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Dogecoin trades at $0.0927 on October 3 and therefore sits on its 200-day average. More important than the mark at $0.10 is the route question for German investors: a 2.50 percent fee in the Xetra ETP against the one-year holding period on a direct purchase.Anyone wanting to buy Dogecoin today has two routes in Germany, and they cost very different amounts. One route is the exchange-traded security, an ETP on Xetra that eats 2.50 percent a year in fees. The other is buying the coin directly through a trading platform, where a fee arises once and nothing after that. On top of this comes the point that moves the most money in Germany: after a holding period of one year, the gain from a direct purchase is tax free. Whether the same applies to the ETP hangs on a single clause in the prospectus. This piece works both routes through, places the price situation and names the dates that fall in October. Dogecoin Price on October 3: $0.0927 and 87 Percent Below the Record Dogecoin trades...