Dogecoin is currently trending all across the web3 cryptocurrency realm. The token has been in the center lately as its ETF hype gains more prominence. In the wake of this, Bitwise has officially filed for a Dogecoin ETF, creating ground for the token to ultimately lift off and create new price pathways.
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Dogecoin ETF Under Works: What It Means For Dogecoin?
Financial giant Bitwise officially filed the Dogecoin ETF on Tuesday. The filing comes after an array of new ETF proceedings that the realm has been encountering as of late. Among others, Rex and Osprey have also filed for a Dogecoin ETF, showing genuine interest in the token. In the meantime, Dogecoin has also been gaining momentum when it comes to price valuation. At press time, the token is sitting at $0.32, waiting for the ultimate push that assists DOGE in hitting a new ATH.
This year is currently being touted as incredibly bullish for Dogecoin. Per Javon Marks, Dogecoin is already in the middle of a bullish pattern, aiming for a top spot of $2. With Musk’s creating a department named after Dogecoin, the coin is expected to surge and experience multiple milestones as D.O.G.E continues to create an impactful pathway for the US government to work with.
Marks later reiterated how such developments may push DOGE to hit $2.28, surging 600% in the process.
“Refreshing this $DOGE (Dogecoin) view because prices still look well on track for another great bullish performance, and history suggests that another nearly +600% run to and above ≈$2.28! Next wave can be historical.”
Refreshing this $DOGE (Dogecoin) view because prices still look well on track for another great bullish performance and history suggests that another nearly +600% run to and above ≈$2.28!
Next wave can be historical… https://t.co/aTaOvidbB4 pic.twitter.com/RMAJJMJb0M
— JAVON⚡️MARKS (@JavonTM1) January 27, 2025
In addition to this, Polymarket predicts a 56% chance of DOGE ETFs being approved this year.
NEW: Bitwise just filed for a spot Dogecoin ETF.
Odds a $DOGE ETF is approved this year shot up to 56%. pic.twitter.com/Rg8rI3cNw7
— Polymarket (@Polymarket) January 28, 2025
Also Read: Bitwise Files for Spot Dogecoin (DOGE) ETF
How High Can Dogecoin Surge in 2025?
As per CoinCodex, Doge is already on its path toward claiming a high of $1. Per the platform, the token can claim this coveted price mark by April 2025.
“According to our current DOGE price prediction, the price of DOGE is predicted to rise by 314.10% and reach $ 1.359343 by April 29, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 72 (greed). Dogecoin recorded 15/30 (50%) green days with 7.03% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a bad time to buy DOGE.”
The token may later plummet to stabilize around $0.47 by December 31, 2025.
“According to our current DOGE price prediction, the price of DOGE is predicted to rise by 43.59% and reach $0.471343 by December 31, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 72 (greed). DOGE recorded 15/30 (50%) green days with 7.03% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a bad time to buy DOGE.”
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