How high can DOGE price go when a Dogecoin ETF is approved?
Dogecoin's price could potentially rise to $0.50 and possibly $1 or higher following the approval of a spot DOGE ETF, which is anticipated to unlock institutional capital. The Rex-Osprey DOGE ETF is set to launch soon, raising excitement around Dogecoin as it would offer investors indirect exposure to the cryptocurrency. Currently, Dogecoin's price has increased 20%, trading at $0.24 after a local low earlier in September. Analysts have indicated that if Dogecoin can break its resistance level at $0.27, it could initiate a rally towards $0.50, representing a 110% increase from current levels. A longer-term projection based on a cup-and-handle pattern suggests a potential rise to $1.40 or even $3.65 if resistance at $0.42 is breached. Popular analysts predict a possible all-time high of around $1 in this cycle, but more ambitious targets like $10 are also considered feasible, driven by increased access for investors through traditional financial markets.
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