#我要上精选 DOGE ETF is about to be approved, can DOGE soar to the moon?

In recent weeks, Exchange Traded Funds (ETFs) have repeatedly dominated the headlines in the cryptocurrency field. A group of shitcoins have taken advantage of the situation and become the focus of the market. It is worth noting that with Donald Trump's vocal support for cryptocurrencies and Elon Musk's involvement in government affairs, DOGE (DOGE) is highly anticipated in the market, poised to stand out among similar currencies.
Although DOGE has been struggling to break through the $1 barrier for many years, the situation is different now. Investors in the community are placing bets with high hopes. Once the ETF is approved, the price of DOGE may soar to $2, opening up a new path of value appreciation. Whether the market will eventually meet expectations remains to be seen.
Current market of DOGE
Over the past week, the cryptocurrency market has been like a "Red Sea", with all parties in a fierce battle and turbulent waves, even the meme coin camp is deeply involved and struggling to survive. However, in the midst of this overall downturn, DOGE is like a dark horse, breaking through against the trend.
In the past seven days, DOGE has gained over 5% in profits, achieving remarkable results and becoming a bright spot in the market. As of the writing of this article, DOGE, as an OG meme cryptocurrency, is trading steadily at $0.2630, with momentum unabated, achieving daily breakthroughs of nearly 2%. Whether it can continue its excellent performance in the future continues to tug at investors' heartstrings.
Recently, there has been a lot of movement in the cryptocurrency field, and the latest surge of DOGE has attracted much attention, which is actually closely related to Grayscale's ETF application. On February 13, Grayscale successfully obtained official recognition from the U.S. Securities and Exchange Commission for the 19b-4 forms submitted for its XRP Trust and Dogecoin Trust, undoubtedly setting the stage for future developments - the institution has now begun a 204-day countdown to conduct a comprehensive evaluation of the related applications and make a final decision.
It is worth mentioning that in the past two weeks, the U.S. Securities and Exchange Commission has been active, with multiple applications such as Litecoin (LTC) and Solana (SOL) being successively approved, indicating that the crypto field is entering a crucial decision-making period.
Focusing on DOGE, as an OG Meme Coin, can it successfully reach the high point of $2 and become the hot topic in the market. CoinCodex gives a relatively cautious judgment based on professional analysis: it is quite difficult for DOGE to hit $2 in the short term. According to its prediction, the peak trading price of DOGE this year is highly likely to be locked at $1.182974. Although this implies a significant increase of up to 348% compared to the current price, further tracking data reveals that the market expects DOGE to reach this phased peak in February 2025.