Dogecoin (DOGE), Render Token (RENDER), Litecoin (LTC), and JasmyCoin (JASMY) Set to Surge

Dogecoin is warming up for a potential surge if a Doge ETF is approved. Render, Litecoin, and JasmyCoin, are also set to gain.

Dogecoin (CRYPTO: DOGE) is warming up for a potential surge if a Doge ETF is approved. Render Token (CRYPTO: RENDER), Litecoin (CRYPTO: LTC), and JasmyCoin (CRYPTO: JASMY) are also set to gain.

Bitwise Files for Dogecoin ETF

Bitwise filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that will offer direct exposure to Dogecoin. This marks one of the first financial products to do so.

The ETF will track the Dogecoin-Dollar settlement benchmark on the CF trading platform to calculate its net asset value (NAV).

“We believe a Dogecoin ETF will get approved. Meme coins are becoming more mainstream in financial markets. If approved, this will give institutional and retail investors regulated access to DOGE,” James Seyffart, senior ETF analyst at Bloomberg, told Benzinga.

Dogecoin Price Prediction: 600% Surge Likely?

After the ETF filing, crypto analysts are calling for a Dogecoin price rally. Based on historic trends, the meme coin could moon to $2.28.

“We found patterns in DOGE’s price action where long periods of accumulation are followed by big breaks. This is looking like another big one,” an analyst told Benzinga.

Technical analysts are pointing to a bull flag on the daily chart. This is a bullish momentum indicator that has DOGE breaking out to $0.60 in the short term. Despite the recent drop, traders are still bullish for a big move.

At the time of writing, Dogecoin was trading at $0.3317 with a market cap of $48.96 billion and 24hr volume of $1.83 billion. Down 0.90% in the last 24 hours and 10.14% in the last week.

However, on-chain data shows that whales are accumulating DOGE, with reports of 460 million Dogecoins being bought during the dip. This could be a sign of a coming price increase.

Elon Musk has long been a catalyst for Dogecoin rallies, with his tweets often triggering sharp price spikes. While his influence on the meme coin has softened slightly, his occasional endorsements still carry weight in speculative markets.

Now, the Musk-Dogecoin connection is back in focus after X, Musk’s social media platform, announced a partnership with Visa (NYSE:V) —an initial step in its broader push into digital payments and banking.

According to The New York Times, X launched a new digital payments feature on Tuesday, marking a major milestone in Musk’s ambition to turn X into an “everything app.” This vision, dating back to his PayPal (NASDAQ:PYPL) days, has Dogecoin enthusiasts buzzing. Musk, a long-time Dogecoin advocate, even invited the coin’s co-founder, Billy Markus, to join X’s Department of Government Efficiency as an advisor just last week.

These moves have reignited speculation that Dogecoin could become a part of X’s financial ecosystem. While we believe this is a strong possibility, patience will be key.

Render Token (RENDER) to Rally Toward $10.27 by October 2025

Render Token, currently priced at $6.00, has been facing downward pressure. Forecasts indicate a potential drop to $5.67 by February 27, 2025. The Fear & Greed Index remains at 72, signaling a “Greed” sentiment despite the bearish trend. RENDER has recorded 16 green days over the past 30 days, reflecting a 7.25% volatility rate.

Short-term projections suggest that the Render Token could see slight gains, reaching $6.06 by January 29 and peaking at $6.60 by January 31. However, a decline to $6.31 by February 2 is expected.

While monthly forecasts indicate fluctuating prices, October could be a breakout month, with a potential high of $10.27. Investors considering long-term positions may see returns of up to 71.63% by the end of the year.

Litecoin (LTC) Hashrate and ETF Filing fuel bullishness towards $400

Litecoin’s network has seen a 30% increase in hashrate since early January and 50% in the last 4 months. This is due to more miners participating, but it also impacts mining profitability. Bitmain’s Antminer L9, a popular Litecoin mining rig, saw a $10.00 drop in daily earnings due to increased competition.

Monochrome Asset Management has applied to list the Monochrome Litecoin ETF (LTCC) on Cboe Australia. If approved it will be their 3rd crypto ETF, after Bitcoin (CRYPTO: BTC) and Ethereum