Bit Origin, a cryptocurrency company listed on Nasdaq, has secured funding to launch a $500 million DOGE treasury, where the funds will be used to accumulate more tokens, while others will be used to support the growth of the Dogecoin ecosystem.
Additionally, Polymarket data shows that there is a high probability that DOGE spot ETFs will receive approval, and this increase coincides with Bit Origin's institutional interest. Currently, there is an 80% probability that these products will be launched, and the nearest date for the SEC's next decision is September 2025.
In summary, the high interest from retail and institutional investors supports the hypothesis that a price surge of Dogecoin to $1 could be on the way. If this week's candle closes above the resistance level of $0.21 and buying pressure remains strong, DOGE could reach this price in the coming months.
