Dogecoin (DOGE) is following the market-wide dip. The low prices could prove to be a good entry for many new investors. The original memecoin has fallen 16.3% in the weekly charts and 12.5% in the 14-day charts. Despite the price drop, DOGE has rallied 1.1% in the daily charts, 6% over the previous month, and 20.5% since June 2025.
Why Dogecoin Should Be On Your Watch List
DOGE has garnered quite a fan following in its 11-year history. The original memecoin has even found support from tech billionaire Elon Musk. Musk has publicly stated that Dogecoin (DOGE) is his favorite crypto project. Musk has even enabled DOGE payments for many of his business ventures, such as Tesla and SpaceX merchandise.
Musk’s X social media platform is set to launch a chat feature with Bitcoin-style encryption. The product could set the stage for the social media company to enable crypto payments. X is on the verge of launching a new payment feature called X Money. Many expect Dogecoin (DOGE) to be one of the accepted currencies on X Money. Given Musk’s previous decisions, there is a high chance that DOGE will make its way to X Money as well.
There is also a spot Dogecoin (DOGE) ETF application awaiting approval with the SEC. The SEC recently welcomed pro-crypto candidate Paul Atkins as its head. The agency has dropped several crypto-related lawsuits after Atkins took office. There is a high chance that a DOGE ETF will be approved under his leadership. A DOGE ETF could lead to a substantial price rally for the memecoin.
Also Read: $1000 In Dogecoin Is Worth This Much After 10 Years
DOGE payments on X and a spot ETF approval from the SEC could lead to DOGE finally breaching the $1 mark. While both developments would be quite bullish, we still do not have confirmation on either one.
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