Dogecoin (DOGE) is down this week after an impressive start to 2025, falling almost 13%. Entering next week though, the leading meme coin is expected to begin a resurgence in value. The token is gaining immense momentum and traction due to its association with Musk’s Department of Government Efficiency (D.O.G.E. With the Tesla chief assuming his official role as the head of the aforementioned department, the market has turned bullish for Doge, pushing the token to hit new highs.
A new element in the cryptocurrency market is catching pace, with leading tokens being introduced as ETFs. Last week, Rex and Osprey submitted applications to launch Doge and XRP ETFs, and now Bitwise has joined the spree to launch a Dogecoin ETF. The firm has already filed for a potential DOGE ETF with the US SEC. If a DOGE ETF is launched, the meme coin could begin a monstrous surge that can ride out throughout 2025.
Also Read: Dogecoin: $1000 Of DOGE Becomes $4 Million Today
Another bullish development, or rather speculation that has been playing a leading role in pushing Dogecoin upwards, is its amalgamation with the X Payments platform. Anticipations regarding Musk embedding Doge on X are also gaining weight, pushing Dogecoin to scale beyond the regular market competition. These developments are pushing DOGE upwards, with price predictions projecting a $1 breach this Spring.
Dogecoin Price Prediction: When Will it Hit $1?
According to crypto price prediction platform CoinCodex, DOGE may be on its way to $1 by this March. The platform predicts the meme coin to hit $1.05 as a maximum come March. “Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 75 (Greed),” the platform states. That gain would mark a potential return on investment (ROI) of 193.98%.
In the near term, DOGE is expected to trade around $ 0.354144 this weekend. The true gains won’t start for DOGE until the end of January, per CoinCodex.
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