#我要上精选 DOGE ETF has been approved, can Dogecoin take off?

In recent weeks, Funds traded on the (ETF) exchange have repeatedly become the main news in the cryptocurrency field. Various altcoins have taken advantage of this moment, becoming the focus of the market. It is worth noting that with Donald Trump's expression of support for cryptocurrencies and Elon Musk's intervention in government affairs, the DOGE cryptocurrency is highly anticipated by the market and may stand out among similar coins.
Although for many years the price of DOGE could not surpass the $1 mark, the situation is different now. Investors from the community are actively betting, full of hope that if the ETF is approved, the price of DOGE could soar to $2, opening a new path to increase value, and the market is eagerly awaiting to see if their hope will come true.
Current DOGE market
Last week, the cryptocurrency market resembled a 'red sea', all sides are at war, waves are crashing, even the meme coin camp got involved, it's hard to stay on the sidelines. Nevertheless, against the general decline, DOGE looked like a black horse, breaking through against all odds.
Over the past seven days, Dogecoin has gained more than 5% in profitability, which is an important bright spot in the market. At the time of writing this text, the trading price of Dogecoin, as the original cryptocurrency with OG memes, is steadily holding at the level of $0.2630 and continues to increase, reaching almost 2% daily growth. Will it be able to continue this success in the future and continue to excite the hearts of investors?
Lately, there have been active changes in the cryptocurrency space, and the recent surge of Dogecoin has attracted significant attention, closely related to the Grayscale's ETF application. Thus, on February 13, Grayscale successfully received official confirmation from the U.S. Securities and Exchange Commission on Form 19b-4 filed for its XRP Trust and Dogecoin Trust, which is a key milestone for future development - from this point, the institution begins a 204-day countdown for comprehensive assessment of the application and a final decision.
It is worth mentioning that, looking back over the past two weeks, the U.S. Securities and Exchange Commission has been taking frequent actions, with multiple applications such as Litecoin(LTC), Solana(SOL), etc., successively receiving its approval, indicating that the crypto sector is entering a key decision-making period.
Focus on Dogecoin, as the OG Meme Coin, will it successfully reach the $2 mark, attracting market attention. CoinCodex makes a relatively cautious statement based on professional analysis: Dogecoin will face difficulties in the short term to reach $2. According to their forecast, the peak price of Dogecoin this year is likely to be around $1.182974, which signifies a significant increase of 348% compared to the current price. Additional analysis shows that the market expects Dogecoin to reach a milestone peak in February 2025.