{"id":63453,"date":"2025-05-01T15:28:15","date_gmt":"2025-05-01T15:28:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=63453"},"modified":"2025-05-01T15:28:15","modified_gmt":"2025-05-01T15:28:15","slug":"interesting-dogecoin-doge-price-predictions-new-ath-on-the-way","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=63453","title":{"rendered":"Interesting Dogecoin (DOGE) Price Predictions: New ATH on the Way?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Dogecoin has surged by double digits in the past 14 days, prompting bullish predictions from analysts who see potential for further gains.<\/p>\n

Whale accumulation and the possible launch of a spot DOGE ETF approval in the US are two key bullish factors that could support long-term upside, though the impact of recent purchases remains insignificant.<\/p>\n

<\/a><\/span><\/h2>\n

What Does the Future Hold?<\/h2>\n

The largest meme coin in terms of market capitalization saw its price rally by almost 15% in the past two weeks. It pumped to as high as $0.19 on April 26 before retracing to the current $0.18 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

Numerous market observers have noted the positive performance lately, predicting a surge that has yet to stun the community. The X user Trader Tardigrade <\/span>claimed<\/span><\/a> DOGE <\/span>has<\/span> completed a price breakout when crossing $0.175, envisioning a rise above $0.20 in the following days.\u00a0<\/span><\/p>\n

CryptoBullet was also optimistic. The analyst <\/span>believes<\/span><\/a> the OG meme coin \u201cprints a textbook accumulation cylinder,\u201d <\/span>and<\/span> according to this pattern, we might witness a \u201cgiant pump\u201d in the next few months. They forecasted a possible cycle top of over $3.20 by the end of the year and then a subsequent drop to the current levels by 2027.<\/span><\/p>\n

Crypto Patel <\/span>seems to be<\/span> among the biggest bulls.<\/span> The technical analyst <\/span>argued<\/span><\/a> that DOGE has bounced from the long-term support zone of $0.169 and could now be<\/span>\u00a0poised<\/span> for a massive rally to as high as $32.<\/span><\/p>\n

Of course, such<\/span> a price explosion seems highly unrealistic at this stage, as it would require Dogecoin\u2019s market capitalization to exceed $4 trillion.<\/span> For comparison, the entire crypto sector <\/span>is <\/span>currently valued<\/span> at just above<\/span> $3 trillion.<\/span><\/p>\n

The Bullish Factors<\/span><\/h2>\n

One element that could positively impact the valuation of the meme coin is the whales\u2019 activity. X user Ali Martinez revealed<\/a> that large investors (those holding between one million and ten million DOGE) have accumulated 100 million tokens over the past week.\u00a0<\/span><\/p>\n

The whales now own more than 10.5 billion DOGE, representing roughly 7% of the <\/span>circulating supply of the asset<\/span>.<\/span><\/p>\n

Such accumulations are usually monitored by smaller players and could encourage them to hop on the bandwagon, too.<\/span> Purchasing DOGE tokens also reduces the asset\u2019s supply on the open market, which<\/span>, <\/span>combined with non-declining demand<\/span>, could trigger price spikes<\/span>.<\/span> However, in this particular case <\/span>the scooped up<\/span> amount (worth less than $20 million) seems insignificant to propel that type of scenario.<\/span>\u00a0<\/span><\/p>\n

Another factor worth exploring is the possible approval of a spot DOGE ETF in the United States. The investment vehicle would <\/span>provide investors with<\/span> an easy and regulated way to gain exposure to the meme coin.<\/span><\/p>\n

Much like<\/span> buying traditional stocks, the spot ETF would be available through authorized brokerage accounts. Investors would hold shares of the fund, while the fund itself would purchase and securely store the actual cryptocurrency to support those holdings.<\/span><\/p>\n

The companies<\/span> racing to launch such a product in the USA include 21Shares, Bitwise, and others. Earlier this month, 21Shares <\/span>filed<\/span><\/a> with the SEC for approval, naming Coinbase Custody as the custodian of the fund. Just a few days ago, Nasdaq <\/span>submitted<\/span><\/a> a form with the regulator<\/span>, <\/span>proposing the listing and trading of shares of the 21Shares Dogecoin ETF on its exchange.<\/span><\/p>\n

Following that development, the approval chances before the end of 2025 <\/span>climbed<\/span><\/a> to 75% (according to Polymarket).<\/span><\/p>\n

The post Interesting Dogecoin (DOGE) Price Predictions: New ATH on the Way?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Dogecoin has surged by double digits in the past 14 days, prompting bullish predictions from analysts who see potential for further gains. Whale accumulation and the possible launch of a spot DOGE ETF approval in the US are two key bullish factors that could support long-term upside, though the impact of recent purchases remains […]<\/p>\n","protected":false},"author":0,"featured_media":63454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63453"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63453"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63454"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}