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Cryptocurrency News Articles

Dogecoin (DOGE) ETF Speculation Captures Investor Attention as Market Experts Suggest a Potential Launch in 2025 Could Drive Its Price to $20

Dec 25, 2024 at 10:01 pm

Dogecoin, the popular meme cryptocurrency, is capturing investor attention as speculation about a potential Dogecoin ETF (exchange-traded fund) gathers momentum.

Dogecoin (DOGE) ETF Speculation Captures Investor Attention as Market Experts Suggest a Potential Launch in 2025 Could Drive Its Price to $20

Dogecoin, the popular meme cryptocurrency, is capturing investor attention as speculation about a potential Dogecoin ETF (exchange-traded fund) gathers momentum.

Market experts suggest the launch of a DOGE ETF in 2025 could be a turning point for the coin, potentially driving its price to an unprecedented $20, according to Coingape.

The excitement comes amid a broader market rally following Donald Trump’s recent election victory, which has bolstered confidence in pro-crypto regulatory changes under a Republican administration. Analysts believe the anticipated replacement of SEC Chair Gary Gensler could create a more favorable environment for cryptocurrency innovation.

Whale Accumulation and Institutional Confidence

The recent uptick in Dogecoin’s value—up 5% today to $0.3363—reflects growing investor optimism. Whale activity has surged, with major holders reportedly accumulating 270 million DOGE in recent days.

Ali Martinez, a prominent market expert, highlighted this trend on social media, pointing to historical data that suggests a significant rally may be on the horizon.

Institutional interest in cryptocurrencies has also grown. ETF Store president Nate Geraci recently expressed surprise that no issuers have filed for a Dogecoin ETF, citing minimal downside risk.

Bloomberg ETF analyst Eric Balchunas predicts filings could emerge as early as 2025, particularly after the inauguration of the new administration and the appointment of a more crypto-friendly SEC leadership.

Path to $20: Realistic or Speculative?

Dogecoin has already surged over 125% since early November, driven by strong market sentiment and increased trading volume. While speculative, a potential DOGE ETF could provide legitimacy and broader market access, fueling further gains.

For now, Dogecoin enthusiasts and investors await regulatory clarity and a formal ETF filing that could transform the meme coin into a mainstream financial instrument.

Mishaboar, a prominent Dogecoin (DOGE) developer, recently called on the Phantom Wallet team to add support for DOGE. He made this appeal in a post on the social media platform X.

News source:tradersunion.com

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