New Price Targets and an ETF for Dogecoin?

The rise of crypto ETFs has already taken Wall Street by storm. Bitcoin ETFs are a reality, and Ethereum ETFs are piling up at the SEC like cars in a holiday traffic jam. So why not Dogecoin? Advocates argue that Dogecoin’s unmatched popularity and surprising market durability make it an obvious contender for ETF status.

“Dogecoin has what most assets lack—a fiercely loyal fanbase that would likely flock to an ETF product in droves,” says a financial analyst who, rumor has it, owns a Shiba Inu. “Regulators are warming to crypto as an asset class. Dogecoin might just ride that wave.”

It’s a valid point. Regulatory attitudes toward crypto have shifted from outright skepticism to cautious engagement. If Bitcoin and Ethereum can make the cut, why not Dogecoin? After all, Wall Street has embraced crazier phenomena—remember GameStop?

And yet, Dogecoin’s very absurdity could be its secret weapon. Unlike other cryptocurrencies, Dogecoin embodies the confluence of internet culture and finance, making it as much a cultural phenomenon as an economic experiment. A Dogecoin ETF wouldn’t just be an investment product; it would be a bold statement—a thumb in the eye of traditional finance.

Eric Balchunas, Bloomberg’s senior ETF analyst, summed it up perfectly: “Is DOGE a bridge too far? Maybe. But in the world of ETFs, never say never. Someone will try it. Because why not?”

As the calendar inches toward 2025, speculation over a Dogecoin ETF is bound to intensify. Could it really happen, or is it just another crypto pipe dream? One thing is clear: an approved Dogecoin ETF would mark a watershed moment in financial history, proof that the improbable is not only possible but inevitable.

For now, traders and enthusiasts alike will keep a watchful eye on DOGE. With bullish price predictions and the ever-present mantra of “Doge to $1” echoing across forums, the original memecoin continues to capture imaginations. Will Dogecoin hit a dollar by 2025—or even sooner? In the unpredictable world of crypto, nothing seems off the table. As we’ll see below, other traders have even higher price predictions for Dogecoin.

On X, crypto trader and analyst Bluntz wrote that “Doge/btc from a cycle perspective is now in a monster uptrend, it did a cycle ABC lasting from 21-24 which drewdown 90%. I would expect doge/btc to hit ath this cycle and a simple 1.618 extension measured from the prior cycle is typically a good and simple measurement. That takes us to 0.00002 which is 373% higher, but wait, theres more.

That is against btc, however, I also think btc is going to be around about 140 ish maybe higher by the time this cycle ends. So let’s whack another 45% on top of that 373%, which gives us around about 420% (for the culture) from current levels, math is probably flawed but don’t really care you get the picture. $1 is simple and cool to say but the real target is $2.20.”

Source: X