Can Dogecoin Surge to $2 if a DOGE ETF Gets The Green Light?

6 months ago 30

Exchange-traded funds (ETFs) person been making headlines implicit the past mates of weeks. Altcoins were taking the beforehand stage. With Donald Trump’s pro-crypto stance and Elon Musk’s summation to the government, Dogecoin (DOGE) is expected to radiance brighter than its counterparts. While the plus has struggled to marque it past the $1 people for years now, the assemblage is betting connected $2 if an ETF gets approved.

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Dogecoin’s Current Market

The full marketplace was drowning successful the reddish oversea passim the past week. Meme coins weren’t spared either. Despite this, Dogecoin pocketed gains of implicit 5% implicit the past 7 days. At the clip of writing, the OG meme cryptocurrency was trading astatine $0.2630 pursuing a regular uptick of astir 2%.

The asset’s latest emergence was linked to Grayscale’s ETF application. The firm’s Form 19b-4 submissions for the Grayscale XRP Trust and the Grayscale Dogecoin Trust were acknowledged by the SEC connected February 13. This means that the bureau has 240 days to measure and marque a determination connected the applications. It should beryllium noted that the bureau has acknowledged respective applications implicit the past 2 weeks including Litecoin (LTC) and Solana (SOL).

Also Read: XRP ETF Filing Accepted by SEC —Is Crypto’s Next Big ETF Wave Coming?

Can The OG Meme Coin Hit $2?

CoinCodex stated that determination was small accidental of Dogecoin ever hitting $2. $1.182974 is the highest terms astatine which the meme currency is anticipated to commercialized this year. This is simply a important 348% summation implicit its existent price. According to reports, DOGE volition scope this highest successful February 2025. It is important to retrieve that the meme coin peaked astatine $0.7376 astir 4 years agone successful 2021. At the moment, Dogecoin is trading 64% little than its high.