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Dogecoin ETF Approval and 2025 DOGE Predictions?
Dogecoin is seen as having a low probability of launching an ETF in 2025.
If the ETF is approved, an increase in Dogecoin price is expected.
High volatility can affect investor confidence.
Today, Dogecoin reached its highest monthly level, increasing by 11% to $0.426563. While this increase occurred during a general market recovery, expectations related to the Dogecoin ETF played a larger role. Particularly noteworthy are the developments around Trump's inauguration.
Launch of Dogecoin ETF
The launch of the $104,369.8 ETF for Spot Bitcoin at the beginning of 2024 has created opportunities for other popular cryptocurrencies to be invested in exchange-traded funds. The popularity of BTC ETF and high entries caused the price of Bitcoin to rise. This performance has increased demand for the launch of Dogecoin ETF. Analysts believe that an ETF makes sense for a meme coin like Dogecoin, which is highly demanded and adopted.
According to Polymarket data, the probability of Dogecoin ETF approval in 2025 is seen at 36%. This rate is lower compared to the 70% approval probability for XRP ETF. However, many firms have applied for ETF. Factors such as Dogecoin's high volatility and lack of intrinsic benefit indicate that the ETF launch is risky, according to some analysts.
The Impact of the ETF on Dogecoin Price
Similar to the impact of the Bitcoin ETF's price rally, it is expected that the Dogecoin ETF will also have a significant impact on the price. Experts argue that the launch of a DOGE ETF could lead to Dogecoin surpassing $1 and providing a more stable investment option. This could reduce the high volatility of meme coins.
Dogecoin is currently trading at $0.4162 and requires about a 50-fold increase to reach $20. While most experts suggest that ETF approval could significantly boost the price of Dogecoin, some say it could lead to similar results as the failed Ethereum ETF at $3,452.5.
In 2024, ETF launches for the crypto market, Bitcoin price rallies, and Trump's crypto-friendly stance had a positive impact. Experts expect this trend to have even more positive effects in 2025. If the Dogecoin ETF is approved, upward price movement is possible.