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Dogecoin’s price target $ 1 as old as the first Doge ETF is launched


Key Takeaways:

Dogecoin (Doge) The price was exchanged for $ 0.28 on Thursday, up to 12% from the local low $ 0.25 reached on September 16. This recovery was -fueled by growing excitement around the launch of the first Dogecoin ETF in the US today.

Rex-osprey dogecoin etf debut

The rex-osprey dogecoin etf, $ doje, US exchange debuts On Thursday, became the first regular product dedicated to a memecoin.

Sponsored by the rex shares and osprey funds – the team behind the Solana staking ETF ) Delayed competitors such as Bittise and Grayscale.

Related: SEC has approved the standard listing criteria for faster Crypto ETF approved

This launch marks an important moment for Memecoin.

“First Ever DOGE ETF launches tomorrow,” ETF store president Nate Geraci Says In an X post on Wednesday, adding:

“As I said, the next few months will be wild.”

“The DOGE ETF is set to launch this Thursday in a historic US debut!” Says Crypto Influencer and YouTuber SMC Kapil Dev in an x ​​post.

It changed dogcoin from a memecoin to a basic possession as “Doge is becoming the first Memecoin with its own ETF on Wall Street,” the analyst added.

The US Securities and Exchange Commission is expected to decide Many Spot Applicationsincluding Grayscale’s application to I -Convert the Dogecoin’s trust in an ETF. The deadline for the SEC to decide on this application is mid -October.

Polymarket bettors remain optimistic, now Putting Approval of the odds of a Doge ETF area in 2025 to 98%.

Generally, the $ doje position is dog for a phase of maturation, which is potential to unlock billion -billions of flows similar to those seen in Spot bitcoin etfs and spot ethereum etfs Post-launch. Analysts believe that it may be possible to translate it into massive prices for Doge.

Entrepreneurs set out ambitious target prices for Doge

The Latecoin’s latest recovery and expected capital by DOGE ETFs led the market analysts and merchants to set different price targets based on various technical setups.

“This week is a huge forgecoin, because we get the first Memecoin ETF,” Analyst BitcoinSensus Says In a post on Monday, adding:

“It can be a huge flow of fresh capital to $ Doge as we saw at $ BTC and $ eth.”

An accompanying chart showed DOGE trading inside a bullish megaphone pattern that had previously seen the Altcoin post higher percentage of those who were trading within the same pattern, with almost every rally defeated the last.

Setup suggested that the next wave could potentially lDoge prices as high as $ 1.40or an increase of 400% from the current level.

Doge/USD Weekly Chart. Source: Bitcoinsensus

Cryptoelltes businessman has set a more ambitious target, saying that a massive institutional currency flow to the Dogecoin market can push for $ 5.

“My target for $ Doge is $ 5 after a Dogecoin ETF!”

Number Cointelegraph reportedDogecoin’s breakout outside a multimonth symmetrical triangle should push it to $ 0.60 resistance before moving higher.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.