Will Dogecoin Price Hit $20 If DOGE ETF Gets Approved In 2025?

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As a seasoned analyst with over two decades of experience in the financial markets, I’ve witnessed numerous bull and bear runs, and I must say, the current momentum surrounding Dogecoin is quite intriguing. The recent surge in its price, coupled with the anticipation of a potential DOGE ETF launch, has certainly piqued my interest.

People are closely monitoring Dogecoin’s price movements because it saw an approximately 5% increase today, following some turbulent trading sessions. Moreover, there have been whispers in the market about a possible DOGE ETF launch in the future, with many predicting this might happen as early as 2025. Interestingly, optimism in the market has grown since Donald Trump’s election win this year, as investors expect more crypto-friendly policies from the Republican administration.

Will Dogecoin Price Rally If DOGE ETF Gets Approved?

Since Donald Trump’s victory in November, Dogecoin’s price has experienced substantial increases as part of a larger cryptocurrency market surge. Yet, following the most recent meeting of the Federal Open Market Committee (FOMC), the overall financial market and especially the crypto sector have shown considerable volatility, with the central bank suggesting a more aggressive stance in monetary policy.

In contrast, it appears that the latest activity of the meme coins suggests a growing trust among investors towards this sector. Interestingly, popular meme coins such as SHIB, PEPE, BONK, and many others, have all seen a surge in value, mirroring Dogecoin’s performance today.

At the same time, enthusiasm for investment in the market was increasing significantly, particularly towards meme coins based on popular dog themes. Lately, there’s been a lot of talk about a possible ETF launch for these coins. To provide some background, major players have recently submitted applications to introduce ETFs for leading altcoins such as XRP, SOL, and others. This indicates the rising faith that institutions have in the crypto industry during Trump’s presidency, demonstrating their growing confidence.

Is Dogecoin ETF Launch Imminent In 2025?

There’s growing anticipation that the price of Dogecoin could surge following a possible launch of a Dogecoin ETF in 2025. To clarify, the president of ETF Store, Nate Geraci, has expressed his surprise that no ETF issuer has applied for a Dogecoin ETF yet, pointing out its low risk potential. Eric Balchunas, an analyst at Bloomberg ETF, concurs with this view, suggesting that such a filing should have happened by Christmas if it were going to happen at all.

Instead of waiting, he believes that issuers might be choosing to hold off until they have more clarity on regulations under the new administration. He noted that the application would follow Trump’s inauguration on January 20 and after the current US SEC Chair, Gary Gensler, steps down and is replaced by a new one. It’s worth mentioning that Balchunas thinks Venuto has a better chance to secure the “DOGE” ticker, but he considers Tuttle as the more likely candidate to submit an ETF application.

Will The Meme Coin Hit $20?

Today, Dogecoin’s price saw an approximately 5% increase, reaching $0.3363 per coin. However, its trading volume dropped by around 3% to a total of $3.31 billion. The cryptocurrency reached a peak of $0.3394 within the last 24 hours, marking an impressive rise of over 125% from when it was traded at $0.15 on November 1st. Additionally, data from CoinGlass suggests that interest in Dogecoin Futures has grown by approximately 6%, reaching $2.16 billion, which indicates a positive market sentiment.

Moreover, there’s been a noticeable increase in whale activity, coinciding with the decline in Dogecoin prices. In a recent post on X, well-known market analyst Ali Martinez stated that large Dogecoin holders (whales) have acquired approximately 270 million coins over the past few days, generating market enthusiasm.

Previously, Martinez expressed optimism about Dogecoin in another post. He referenced its historical patterns and suggested that if these trends continue, Dogecoin could reach $20. Given this perspective, it seems reasonable to anticipate a strong increase in Dogecoin’s price following the ETF launch.

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2024-12-25 15:42