Leading ETF provided Rex Shares and Osprey funds took the market by storm as they announced an array of ETF filings. The document filed with the US SEC comprises seven ETFs that the company wants to explore, including the highly anticipated Dogecoin ETF. The development is currently touted as extremely bullish as it may help the token claim a new price high if this vision materializes in the long run. Can DOGE truly touch $1 amid such striking bullish developments? Let’s find out.
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Dogecoin To Touch $1?
Rex Shares and Osprey Funds, a leading ETF provider, has submitted a document to the US SEC, prompting the firm to approve a spree of 7 ETFs. The firm has filed for BTC, ETH, Solana, XRP, Dogecoin, BONK, and Trump Coin ETFs, surprising the crypto market.
We are so back. Here's a massive list of all the current digital asset ETF filings that I'm aware of: pic.twitter.com/npHuTmox5K
— James Seyffart (@JSeyff) January 21, 2025
Dogecoin in the form of an ETF was a novel surprise for investors as many of them have already been requesting firms to launch one, due to DOGE’s incredible token popularity as of late. If approved by the US SEC, the development can be incredibly bullish for the token, helping it claim new surging highs.
Dogecoin has been rising steadily high on the radar as Musk took his oath to head the highly ambitious Department Of Government Efficiency, or D.OG.E. This development has been adding more to Dogecoin, helping it reach high price spots. In the midst of it, crypto analyst Ali Martinez has come up with a new price prediction, adding how Dogecoin may ultimately hit a new high mark as it’s trading under a multi-year ascending parallel channel.
“#Dogecoin $DOGE appears to trade inside a multi-year ascending parallel channel that projects a bullish target of $15.”
#Dogecoin $DOGE appears to trade inside a multi-year ascending parallel channel that projects a bullish target of $15! pic.twitter.com/HjOSWycW6v
— Ali (@ali_charts) January 20, 2025
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The Token’s Immediate Price Path?
Per CoinCodex, DOGE may soon surge to hit the coveted $1 mark by April 2025, provided the market momentum steadily supports the token to claim this new high.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 181.76% and reach $ 1.047398 by April 22, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 84 (extreme greed). Dogecoin recorded 17/30 (57%) green days with 8.10% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
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