Dogecoin's current price is $0.22, with a 1.08% increase in the last 24 hours. The cryptocurrency has seen significant whale activity, with over 1 billion DOGE scooped up by whales, triggering a $3 million short squeeze.
*Key Updates:*
- *Current Price*: $0.22
- *Market Cap*: $35.03 billion
- *24-hour Range*: $0.22 - $0.23
- *Open Interest*: Up 8.59% to $2.84 billion, suggesting leveraged bets on a breakout
*Recent Developments:*
- *Grayscale Files for Dogecoin ETF*: Grayscale has filed to convert its Dogecoin Trust into a spot ETF, which could unlock institutional demand and drive up the price. Analysts predict a 75% chance of approval in 2025.
- *Technical Analysis*: Dogecoin's chart shows a "bullish inside bar" pattern, with analysts noting potential for a breakout above $0.25.
- *Whale Activity*: Large investors have accumulated over 200 billion DOGE in a week, potentially fueling a rally to $0.30 ¹ ².
*Price Predictions:*
- *Short-term*: Analysts predict a potential price increase to $0.25-$0.30, driven by ETF optimism and technical indicators.
- *Long-term*: Some analysts believe Dogecoin could reach $1 or even $10 in the future, although this is highly speculative . $DOGE
