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Dogecoin 
$0.00000005379841 price recorded an almost 5% increase today following recent volatile trading. As traders closely monitor the performance of the meme coin, comments from market experts regarding a potential DOGE ETF have fueled speculation. Many anticipate a possible ETF launch in 2025.
Trump’s Election and Market Sentiment
Donald Trump’s victory this year has positively impacted market sentiment. Expectations of crypto-friendly developments under a Republican administration have increased interest in Dogecoin and other meme coins.
Experts suggest that the approval of a Dogecoin ETF could have a favorable effect on its price. Nate Geraci, President of ETF Store, expressed surprise that no applications have been submitted for a DOGE ETF yet, while Bloomberg ETF analyst Eric Balchunas predicts an application could occur by the end of 2025.
Since November, Dogecoin has shown a 125% increase, rising from $0.15 to $0.3363. The cryptocurrency recorded a 24-hour high of $0.3394, indicating a rise in investor confidence.
General Situation in Meme Coins
According to CoinGlass data, open positions in DOGE futures have increased by 6%, reaching $2.16 billion. This situation signals a bullish sentiment in the market, with large investors accumulating Dogecoin.
Recent trends show that “DOGE whales” have accumulated approximately 270 million coins, enhancing market optimism. Referring to Dogecoin’s historical trends, Martinez predicts that if history repeats itself, the cryptocurrency could rise significantly beyond $1, supporting expectations of an upcoming ETF launch.
In addition to Dogecoin, other popular meme coins like SHIB, PEPE, and BONK have also gained value today, reflecting a growing interest in the meme coin segment.
In conclusion, the potential ETF launch for Dogecoin and increasing investor interest may lead to positive price movements. Traders should closely monitor developments in the cryptocurrency market.
