Dogecoin ($DOGE

), the internet’s favorite dog-themed cryptocurrency, fell nearly 5% in early Saturday trading, reflecting a broader downturn across the crypto market. This pullback contributed to roughly $458 million in overall market liquidations.

As of the latest data, DOGE is priced at $0.1639, marking a 3.63% decline over the past 24 hours. Since hitting a monthly high of $0.206 on June 11, the token has struggled, posting only two green daily candles in the last ten sessions. On Friday, DOGE briefly touched $0.1584, where it appeared to find temporary support.

Social Media Sentiment: Still Barking Loud

Despite the dip in price, Dogecoin continues to trend across social platforms. According to analytics firm Santiment, DOGE was one of the top-trending cryptocurrencies on Friday.

Community discussions focused on topics like Dogecoin’s unlimited supply, mining economics, and its grassroots-powered community. Users also debated DOGE’s long-term value, compared it to Bitcoin and Ethereum, and speculated about future use cases—especially possible integration with Elon Musk’s X platform.

What’s New With X (Formerly Twitter)?

Speculation intensified following updates from X CEO Linda Yaccarino, who confirmed the platform’s push toward becoming a full-fledged financial hub. Future features may include in-app investing, trading, and the long-awaited peer-to-peer payment system, known as X Money—a concept originally teased by Elon Musk earlier this year.

So far, there's no official word on whether cryptocurrencies, including Dogecoin, will be part of these updates.

ETF Hopes Add to DOGE’s Bullish Case

Meanwhile, regulatory developments could serve as a powerful tailwind. Bloomberg ETF analyst James Seyffart reported that multiple crypto spot ETF applications—including one for Dogecoin—are now under review, with decisions expected by next month or later this fall.

Seyffart believes it’s no longer a matter of if but when these ETFs get the green light. He estimates a 90% chance of DOGE ETF approval by year’s end, which could open the door for institutional adoption and fresh interest from investors.

Final Thoughts

Dogecoin may be down in the short term, but it’s far from out. Its strong online presence, speculative link to X’s fintech ambitions, and ETF momentum keep it squarely in the spotlight. Traders and fans alike will be watching closely as market developments unfold in the weeks ahead.

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