Key Takeaways:
- Dogecoin price could be close to a major breakout rally as a DOGE ETF could launch soon.
- Crypto analyst Ali Martinez expects a 2x rally for the DOGE price.
- The prediction comes as REX Shares’ Dogecoin ETF is expected to hit the market in the coming days.
Dogecoin (DOGE) is once again at the center of crypto market speculation as both traders and fund managers turn their attention toward the King of memecoins. According to Ali Martinez, a popular analyst, the memecoin may be on the verge of a major breakout.
Crypto Expert Foresees Dogecoin Price Surge
Posting on X, Martinez wrote, “Dogecoin $DOGE next move: break $0.29 and we could be looking at a run to $0.50.” The DOGE price has been steadily increasing in recent sessions, up by 7% in the previous trading session.
As of writing, Dogecoin’s price remained stable around $0.2420. On a weekly basis, the token has increased by over 11%, beating the performance of the top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Martinez’s comments have increased the speculation that momentum might pick up should there be a convergence of market catalysts. If the DOGE price actually climbs to $0.50, it would represent a surge of over 2x.
Dogecoin $DOGE next move: break $0.29 and we could be looking at a run to $0.50. pic.twitter.com/sdqThyH6U4
— Ali (@ali_charts) September 10, 2025
There is one such catalyst that is likely to be received this week. In new exchange-traded funds aimed at tracking Dogecoin, a new set of funds is on the verge of coming to the markets in the United States. The entry of the product was brought to the fore by Bloomberg ETF analyst Eric Balchunas, who said that the product, the Rex-Osprey Doge ETF, will trade under the DOJE ticker. Drawing attention to the listing, Balchunas wrote on X, “Pretty sure this is first-ever U.S. ETF to hold something that has no utility on purpose.”
Brief Overview of REX’s DOGE ETF
The fund is being launched under the Investment Company Act of 1940 framework, a regulatory path that has been used in prior instances of the SOL + Staking ETF, or SSK. The previous investment vehicle, also introduced by REX Shares and Osprey Funds, exposed investors to Solana staking. Instead of the structure of the Securities Act of 1933, which is applicable in commodity-based trusts, the DOJE ETF is applying the same approach of the 1940 Act used in its predecessor.
Retail traders in the industry say that this development has been a long time coming and has made Dogecoin build its reputation as a community-oriented digital asset. ETF Store president Nate Geraci said about the timing and said it looks like the DOGE product will launch this week. In his view, “We’re in for a wild next 2 months for crypto ETFs,” as investors are finding more lucrative speculative options besides Bitcoin and Ethereum.
The companies that sponsor the DOGE fund, REX Shares, and Osprey Funds, are making it the first U.S. exchange-traded fund directly correlated with Dogecoin price action. Foreside Fund Services LLC is taking distribution responsibilities. As the acceptance of spot Bitcoin and Ether ETFs in 2024 opens the door to further innovation, issuers are now scrambling to launch funds tied to other digital assets.
As Balchunas noted, the peculiarity of this launch was the unusual aspect, and the absence of the intrinsic utility of DOGE can, on the contrary, underline its cultural worth. The token has become known as internet humor and viral interaction, which has been compounded over the years by public references by Tesla CEO Elon Musk. This has seen it being a favored candidate as a retail-facing ETF by virtue of its reputation as a cultural asset.
Moreover, other companies have also filed for memecoin ETFs. Canary Capital Group filed with the Securities and Exchange Commission on August 26 a spot ETF tracking TRUMP Coin, a Solana-based memecoin linked to the U.S. President Donald Trump. That proposal, however, has yet to advance to launch.
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