- DOGE surged 20% this week, gaining 154% since Sept 2024.
- Bloomberg analyst says a Dogecoin ETF (DOJE) may launch subsequent week.
- Fee lower expectations and bullish sentiment add gasoline to the rally.
Dogecoin (DOGE) is again within the highlight after surging greater than 20% previously week, with CoinGecko information exhibiting good points of three.8% in 24 hours and over 154% since September 2024. The rally comes as rumors swirl a couple of doable ETF launch—one thing that has electrified the memecoin’s group and drawn in speculators betting on institutional demand.
Is the Dogecoin ETF Actually Coming?
Bloomberg analyst Eric Balchunas hinted that REX-Osprey’s Dogecoin ETF, ticker DOJE, may debut as early as subsequent week—probably Thursday. If accepted, it might mark the primary U.S. ETF tied to a memecoin, doubtlessly opening the door to large inflows much like what Bitcoin and Ethereum ETFs have seen this 12 months. That mentioned, the SEC has already delayed a separate Bitwise DOGE ETF till November, leaving some uncertainty round whether or not DOJE will really launch within the close to time period.
Extra Than Simply ETF Rumors Driving the Rally
DOGE’s momentum isn’t solely tied to ETF hypothesis. Traders are additionally betting on macro tailwinds, with expectations rising for a Federal Reserve price lower of 25 foundation factors later this month. Decrease charges are inclined to drive risk-on urge for food, which regularly spills into memecoins. Based on CoinCodex, Dogecoin may rally one other 28% to $0.334 by October 7 earlier than dealing with a correction—although continued bullish sentiment may prolong the rally additional.
What’s Subsequent for DOGE?
Whether or not the ETF launches or not, Dogecoin has regained traction as one in every of 2025’s standout performers. A confirmed ETF may cement institutional demand and set off a pointy breakout, however delays might spark short-term volatility. With macro situations supportive and memecoins drawing renewed consideration, DOGE’s trajectory will probably hinge on how rapidly the ETF resolution unfolds.
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