Exciting times ahead for Dogecoin and the "meme" coins industry. If Coinbase launched futures trading, does this mean Dogecoin will get its own spot ETF in the future? Sounds crazy, but I've learned that anything's possible in crypto land. If DOGE gets a spot ETF, then it would be treated as a serious currency/investment than a joke. I can imagine prices going all the way to the moon afterwards.
It seems like the opening of futures trading had a positive impact over BCH and LTC's market prices lately. Especially BCH which went from around $200 to nearly $700 per coin. Who knows if current DOGE holders are about to get rich soon?
Honestly, this isn't going to help anyone but coinbase, I can guarantee that. Doge is already something silly and could be hyped like crazy, and to think that they are adding futures to it? That makes no sense.
By this logic, not that he needs any money at all, but Elon could simply just buy so many futures, incredible amount of puts, like keep getting them by hundreds of millions, and then tweet about it for a week, make insane return and get out. Does that make sense? I am not saying that's what we will see, I am just saying these things are possible with dogecoin because it is a meme project and a shitcoin. In the end, I am not putting my own money in so it doesn't matter to me, whoever wants to trade doge futures, they are on their own.