In the unpredictable realm of cryptocurrency, Dogecoin has always played the role of court jester – a digital coin born of a joke, fueled by internet culture, and catapulted to fame by the eccentric musings of meme enthusiast the richest in the world, Elon Musk. But what would happen if the jester suddenly aspired to the throne? This is the tantalizing question buzzing in crypto circles as rumors of a possible 2025 Dogecoin ETF filing 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’s unparalleled popularity and surprising market durability make it an obvious candidate for ETF status.
“Dogecoin has what most assets lack: an extremely loyal fan base who would likely flock to an ETF product in droves,” says a financial analyst who is rumored to own a Shiba Inu. “Regulators are looking at crypto as an asset class. Dogecoin could well ride this wave.
It’s a valid point. Regulatory attitudes toward crypto have shifted from outright skepticism to cautious engagement. If Bitcoin and Ethereum can make a difference, why not Dogecoin? After all, Wall Street has embraced crazier phenomena – remember GameStop?
When meme culture meets market dynamics
And yet, the very absurdity of Dogecoin 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 would not simply be an investment product; this would be a bold statement – a toe in the eye of traditional finance.
Eric Balchunas, senior ETF analyst at Bloomberg, 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 it. Because why not?
2025: the year of the doge?
As the calendar moves closer to 2025, speculation about a Dogecoin ETF is expected to intensify. Could this really happen, or is it just another cryptographic 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 will keep a watchful eye on DOGE. With bullish price predictions and the ubiquitous “$1 Doge” mantra echoing across forums, the original memecoin continues to capture the imagination. Will Dogecoin reach a dollar by 2025, or even sooner? In the unpredictable world of crypto, nothing seems impossible. As we will see below, other traders have even higher price predictions for Dogecoin.
On by 90%. I would expect doge/btc to reach this cycle and a simple extension of 1.618 measured from the previous cycle is generally a good and simple measure. This brings us to 0.00002, which is 373% higher, but wait, there’s more.
This is against BTC, however, I also think BTC will be around 140ish, possibly higher at the end of this cycle. So let’s add another 45% on top of that 373%, which gives us about 420% (for culture) from current levels. The math is probably imperfect, but don’t really worry about making up your mind. $1 is simple and cool to say, but the real goal is $2.20.
Source: X