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Today marks a significant day for DOGEDAY and the largest meme coin, Dogecoin 
$0.202968. Although we may not feel its effects on the chart just yet, this year is different. For the first time, there is a strong belief that altcoins could receive ETF approvals, and applications for various cryptocurrencies, including DOGE, have been submitted in recent months.
Dogecoin Day
As the largest meme coin by market capitalization, DOGE has maintained its ranking over the years. Although it has faced brief challenges to its position, DOGE remains unshaken. In 2021, it came closer than ever to the $1 mark, and as of April 20, 2025, it entered at a price of $0.15.
However, what sets this year apart from others is the unprecedented closeness to ETF approvals for DOGE. Deadlines will be due in November, and the newly revamped SEC no longer has an anti-crypto figure at the helm.
With a market cap exceeding $23 billion, DOGE is introducing 14.4 million new tokens daily. Compared to a daily new token supply exceeding $2 million, demand from buyers remains strong. Regular daily new supply of alternative meme coins could continuously push prices to new lows.
According to Anndy Lian, Dogecoin derives its strength from a combination of factors.
- An enthusiastic Dogecoin community.
- Its ease of accessibility.
- The fact that it exemplifies speculative profit stories.
“Unlike Bitcoin 
$103,051 or Ethereum 
$2,302, Dogecoin’s inflationary supply — adding about 5 billion coins a year — keeps prices accessible, typically under $1, making it psychologically attractive for individual investors.”
Lian notes that the main aspect of Dogecoin’s sustained strength lies in its appeal to younger, internet-savvy investor groups.
DOGE ETF
The nearest decision date is in May. Currently, there are applications for a Dogecoin (DOGE) Spot ETF initiated by Bitwise, Grayscale, 21Shares, and Osprey. Grayscale’s application is set to make a decision on May 21. It wouldn’t be surprising if the SEC, which has postponed decisions for many altcoins, also grants a 75-day extension for this application.
The SEC has recently stated that meme coins will not be classified as securities or investment contracts, which raises the possibility that by the end of the year, DOGE ETF could receive approval alongside others, thus integrating a meme coin within classic investment instruments.
