FameEX Hot Topics | How Much Could DOGE Price Rise with the Launch of the First Dogecoin ETF?

Dogecoin (DOGE) analysts have highlighted a significant price surge potential, with some forecasting the possibility of reaching $1 and beyond, fueled by the launch of the first-ever Dogecoin ETF in the United States. The excitement surrounding this new development has contributed to a 12% increase in DOGE’s price, which traded at $0.28 on Thursday, recovering from its recent low of $0.25 on Tuesday. The growing optimism is primarily driven by the upcoming debut of the REX-Osprey Dogecoin ETF, which marks a major milestone for the memecoin.

The REX-Osprey Dogecoin ETF, trading under the ticker symbol $DOJE, officially launched on U.S. exchanges on Thursday, becoming the first regulated product specifically dedicated to Dogecoin. Sponsored by REX Shares and Osprey Funds—also behind the Solana Staking ETF (SSK) earlier this year—the $DOJE ETF leveraged the Investment Company Act of 1940 to gain swift approval. This regulatory strategy allowed the fund to bypass the lengthy approval process under the Securities Act of 1933, which delayed other attempts by firms like Bitwise and Grayscale to launch their own Dogecoin products.

The launch of $DOJE is a groundbreaking moment for Dogecoin, as it could potentially inject institutional capital into the memecoin ecosystem. Analysts suggest that this move may not only bring legitimacy to Dogecoin, but also offer it a place in mainstream financial markets. As the first memecoin to receive its own ETF, DOGE’s transformation from a meme asset to a recognized investment vehicle could help stabilize its volatile price. “The next couple of months will be wild,” predicted ETF Store president Nate Geraci, adding excitement to the growing buzz surrounding the DOGE ETF launch.

With the debut of the DOGE ETF, Dogecoin is now positioned for a phase of maturation. Analysts believe that, much like the post-launch success of spot Bitcoin and Ethereum ETFs, the $DOJE ETF could unlock billions of dollars in capital inflows, further propelling DOGE’s price. This new wave of institutional interest could result in substantial price gains for the cryptocurrency, especially considering that similar products have triggered dramatic increases for other major cryptos.

Market analysts and traders are already setting bold price targets for DOGE, reflecting the optimism surrounding the ETF’s launch. A chart shared by analyst Bitcoinsensus revealed DOGE trading within a bullish megaphone pattern, which historically has resulted in higher percentage gains. Some analysts predict that the next wave of momentum could drive DOGE’s price up to $1.40, representing a 400% increase from its current level. With the potential for massive capital inflows and a rapidly growing institutional presence, the future for Dogecoin looks bright.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.