Dogecoin ETF Will Send DOGE to $15 This Season: Ali Martinez

Widely followed market commentator Ali Martinez boldly predicts that a Dogecoin ETF could send the meme coin's price to double digits.

As discussions about the potential arrival of a Dogecoin ETF continue to gain traction within the crypto community, the latest filings with Delaware’s Department of State’s Division of Corporations have revealed that billion-dollar asset manager Bitwise has filed for a Dogecoin ETF.

The authenticity of the filing was confirmed by Bitwise’s Chief Investment Officer, Matt Hougan, who, when asked about the submission, stated, “This was from us.”

For some time, many believed it was only a matter of time before an asset manager filed for a Dogecoin ETF, especially considering that, earlier this month, Nate Gercai, President of the ETF Store, expressed surprise that no issuer had yet pursued such a filing.

This is especially pertinent when considering that Dogecoin is the seventh-largest digital asset by market cap. Gercai suggested that, at worst, it would only serve as a marketing expense for the issuer. At best, it could attract a favorable response from the SEC, with added promotion from DOGE Father Elon Musk.

Last week, liquidity provider Wintermute predicted that an asset manager would file for a Dogecoin ETF in 2025 — a forecast that is now coming to fruition.

Meanwhile, Bitwise is not the only asset manager that has shown interest in a Dogecoin ETF, as a similar filing has also surfaced from Teucrium.

Dogecoin Price Reacts

The news of the Dogecoin ETF contributed to an initial boost in Dogecoin’s price this week, with the price reaching $0.4002 on Tuesday. However, at press time, the price has dipped slightly to $0.3492.

Dogecoin 4,185% Surge to $15 with ETF Launch

While Dogecoin’s price has fluctuated amid the ETF filings, market commentators like Ali Martinez believe that the eventual launch of the investment fund would provide the necessary boost to push Dogecoin’s price to new heights.

In particular, Martinez is targeting a wave that could drive Dogecoin’s price up by 4,185%, reaching $15 this season. For context, at this price, Dogecoin would have an astronomical market cap of over $2.2 trillion, which would surpass Bitcoin’s current valuation.

#Dogecoin $DOGE ETF will send it to $15! https://t.co/4peKi93NZX pic.twitter.com/gRqDdoXhob

— Ali (@ali_charts) January 22, 2025

Martinez is not alone in forecasting a major price swing for Dogecoin based on ETF catalysts. Other analysts, such as Dima James Potts, have expressed similar sentiments, predicting a more substantial 55X surge for Dogecoin to above $20.