Dogecoin is one of the most watched cryptocurrencies in the market. Since its inception, it has experienced significant valuation fluctuations, but it has also accumulated a loyal following. With the rise of ETFs, financial giants like Bitwise are considering launching a Dogecoin ETF. Will this move drive Dogecoin's price to new highs? The future developments are worth our close attention. Dogecoin: Any updates?
Dogecoin's current price has reached a new high of $0.17, although it has dropped 1.22% in the past 24 hours. This token is currently one of the focal points in the emerging ETF field, with financial giants like Bitwise planning to launch a Dogecoin ETF. However, the latest updates from the U.S. Securities and Exchange Commission (SEC) indicate that the approval of Bitwise's Dogecoin ETF has been postponed, with a new approval deadline set around June 15, 2025.
Regarding the price prospects of Dogecoin (DOGE), the narrative of ETFs is expected to drive its price to new highs. According to top cryptocurrency analyst Ali Martinez, if Dogecoin can maintain its current support level and the monthly closing price breaks $0.20, the price is likely to quickly surpass the historical high of $0.74.
Once Dogecoin's monthly closing price exceeds $0.20, it will lay the foundation for its rise to $0.74. Such a breakthrough could mark strong upward momentum and attract more investor attention.
Once the ETF for this token is launched, how high can its increase reach?
According to ChatGPT, Dogecoin may surge shortly after its launch and trade at a high price of $1.
According to the analysis on this website, if the momentum of ETFs can attract more investor sentiment, Dogecoin's medium-term price target may reach $2 to $3.
From a long-term perspective, if Dogecoin can go beyond being just a memecoin and hype, developing actual application scenarios, its price is expected to break the $3 barrier.
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