Dogecoin (DOGE), after shedding over 15% in the past month, could soon receive the institutional push of a lifetime. Bloomberg ETF analysts Eric Balchunas and James Seyffart now assign a 90% probability that the SEC will approve a spot Dogecoin ETF in 2025.
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Dogecoin ETF Momentum Builds
Several major players have entered the Dogecoin ETF race:
- Grayscale, Bitwise, and 21Shares have submitted S-1 applications to the SEC.
- The regulator has formally acknowledged their 19b-4 filings.
This institutional interest signals growing confidence in Dogecoin’s long-term viability as an asset class.
Dogecoin Technical Analysis: DOGE Prepares for Breakout
Dogecoin is currently attempting to break out of a long-term descending channel, a pattern often preceding reversals. Key metrics suggest bullish momentum:
- Balance of Power (BoP): Surged to 0.70, indicating strong buyer control.
- Accumulation/Distribution (A/D) Line: Shows consistent accumulation since May (78.8BB).
Key Price Levels to Watch
- **Breakout above $0.16**: Could propel DOGE toward $0.25, then $0.35 (former resistance zones).
- ETF-fueled rally: Might reclaim $0.45 or higher.
While $100 per DOGE remains unrealistic in the near term (requiring a multi-trillion-dollar market cap), ETF approval could expose Dogecoin to Wall Street capital, creating significant upside potential.
Alternative Meme Coin with Utility: BTC Bull ($BTCBULL)
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- BTC price milestones: Burns supply or airdrops BTC to holders for every $25K Bitcoin price increase.
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FAQs
1. What drives Dogecoin’s price?
Dogecoin’s value is influenced by market sentiment, Elon Musk’s endorsements, and broader crypto trends. ETF speculation adds institutional demand.
2. How likely is a Dogecoin ETF?
Bloomberg analysts estimate a 90% chance of approval in 2025, based on SEC filings and industry momentum.
3. Can DOGE reach $100?
Not soon—it would require a market cap exceeding Bitcoin’s current value. However, ETF hype could push DOGE to new highs.
4. Is BTC Bull a good investment?
Its tokenomics and Bitcoin-linked rewards make it a high-risk, high-reward play for meme coin enthusiasts.
5. How to buy BTC Bull?
Visit the official BTC Bull website and connect a supported wallet (e.g., MetaMask).
Disclaimer: This content is for informational purposes only. Cryptocurrencies are volatile; conduct independent research before investing.