New price targets and an ETF for Dogecoin?

In the unpredictable realm of cryptocurrency, Dogecoin has always played the role of court jester – a digital coin born out of a joke, fueled by internet culture, and catapulted to fame by the eccentric musings of the world’s richest meme enthusiast, Elon Musk. But what if the fool suddenly sought the throne? That’s the tantalizing question circulating in crypto circles as rumors of a possible Dogecoin ETF application for 2025 gain traction.

Why a Dogecoin ETF could make sense

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? Proponents argue that Dogecoin is an obvious contender for ETF status due to its unrivaled popularity and surprising market durability.

“Dogecoin has what most assets lack – an extremely loyal fan base that would likely flock to an ETF product,” says a financial analyst who is rumored to own a Shiba Inu. “Regulators are warming up to crypto as an asset class. Dogecoin could just ride that wave.”

That’s a fair point. Regulators’ attitude toward cryptocurrencies has shifted from complete skepticism to cautious engagement. If Bitcoin and Ethereum make the breakthrough, why not Dogecoin? Finally, Wall Street has embraced crazier phenomena – remember GameStop?

When meme culture meets market dynamics

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 both a cultural phenomenon and 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.

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

2025: The Year of the Doge?

As the calendar approaches 2025, speculation is mounting Dogecoin ETF will inevitably intensify. Could it really happen, or is it just another crypto pipe dream? One thing is clear: an approved Dogecoin ETF would mark a turning point in financial history, proving that the improbable is not only possible, but inevitable.

For now, traders and enthusiasts alike will be keeping a close eye on DOGE. With bullish price predictions and the ubiquitous “Doge to $1” mantra echoing across forums, the original memecoin continues to capture the imagination. Will Dogecoin reach one dollar by 2025 – or even sooner? In the unpredictable world of cryptocurrencies, nothing seems to be off the table. As we will see below, other traders have even higher price predictions for Dogecoin.

On I expect Doge/BTC to hit this cycle, and a simple extension of 1.618 measured from the previous cycle is usually a good and easy measurement. That brings us to 0.00002, which is 373% higher, but wait, there’s more.

This is against BTC, but I also believe BTC will be around 140% or perhaps higher by the end of this cycle. So let’s add another 45% to the 373%, which gives us (for culture) about 420% at current levels. The math is probably flawed, but I don’t care so you can get the idea. $1 is easy and cool to say, but the real goal is $2.20.”

Source: X