Dogecoin ($DOGE ) is showing impressive growth, adding 40% over the past week as of July 22, 2025. This meme currency, which ranks eighth by market capitalization, has soared to $0.27, approaching a six-month high. Experts, such as analysts at Grayscale, attribute this jump to a recovery in investors' appetite for riskier assets, particularly altcoins, following the rise of Bitcoin and Ethereum in July. A key driver has been the forecast regarding the likely approval of an ETF for DOGE. According to Bloomberg, the odds of this are at 90%, fueling speculation in the market.
The approval of an ETF could attract institutional investors, reducing skepticism about meme coins. Additional influence comes from Elon Musk's support, whose statements about integrating DOGE into the X platform enhance its potential. However, analysts caution that growth depends on maintaining key support levels and broader market trends.
This surge reflects DOGE's transition from a joke to a serious asset, although volatility remains a challenge. Investors are closely monitoring developments, hoping for a new historical high.
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