The cryptocurrency market is abuzz with anticipation as Dogecoin (DOGE), the biggest meme coin, stands on the cusp of a potential rally. Recent developments and upcoming events are poised to inject fresh positive momentum into the Dogecoin ecosystem, driving interest and investment in the token.
Among the most notable upcoming events is the possible launch of a Dogecoin ETF. This development, coupled with ongoing major collaborations, increasing adoption, and positive technical indicators, signals the meme coin’s potential bull run.
As the crypto landscape continues to evolve. Dogecoin is being closely watched by investors and market experts alike. With its strong community support, increasing adoption, and potential for increased investments, DOGE is positioned for a significant price surge. This article studies the token’s current performance, its potential uptrend, and the drivers of the rally.
Dogecoin ETF Launch Next Week?
In a recent X post, Bloomberg analyst Eric Balchunas suggested that the US could see its first Dogecoin exchange-traded fund (ETF) as early as next week. He revealed that ETF issuer REX Shares has filed an effective prospectus with the US Securities and Exchange Commission (SEC), paving the way for a potential launch. His post read,
“Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week based on below tweet combined w how they just filed an effective prospectus.”
Notably, the prospectus filing highlights the risks associated with Dogecoin, noting its susceptibility to rapid price swings, changes, and uncertainty due to its relatively new innovation.
Despite these risks, the potential launch of a Dogecoin ETF could mark a significant milestone for the meme coin, providing investors with an indirect way to gain exposure to it.
Thumzup Plans for DOGE Mining Expansion
Thumzup Media Corporation, a Nasdaq-listed firm backed by Donald Trump Jr., is set to significantly expand its cryptocurrency mining operations with plans to acquire 3,500 Dogecoin mining rigs. This strategic move aims to position the company as a leading utility-scale Dogecoin mine.
Notably, the acquisition includes 2,500 existing rigs, with an additional 1,000 rigs on order, pending shareholder approval for its acquisition plan of crypto miner Dogehash. Last month, the company announced its plan to acquire Dogehash in an all-stock transaction.
The statement read,
“Cryptocurrency mining presents what could be one of the greatest opportunities for value creation in the industry. We believe this should generate a material amount of high margin revenue for the combined companies.”
First Dogecoin Treasury
CleanCore Solutions, a Nebraska-based company specializing in aqueous zone cleaning systems, recently announced its plans to launch the first-ever Dogecoin Treasury company. The platform’s bold move involves a $175 million private placement, backed by prominent investors such as Pantera, GSR, FalconX, and Mythos Capital.
This funding will be used to acquire Dogecoin as CleanCore’s primary reserve, with the initiative led by Quinn Emanuel partner Alex Spiro. Spiro, a long-time attorney of Elon Musk, is appointed as the chairman of the treasury company.
The company’s partnership with the Dogecoin Foundation and the House of Doge aims to build institutional utility for the token.
Is DOGE Boom Ahead?
With recent developments like the potential launch of the DOGE ETF, the Dogecoin Treasury company launch, and more, the meme coin is poised for a significant price surge. Analysts predict a potential bullish rebound for the token, with the targets ranging from $5 to $11.
Interestingly, market experts like CryptoELITES share a bullish perspective on DOGE’s potential surge. According to a technical analysis shared by CryptoELITES, the next target for DOGE is $5.
As of now, DOGE is valued at $0.2196, up 2.53% in a day. The meme coin has soared by 2.6% in a week and 8.74% in a month.
Another prominent analyst, Trader Tardigrade, offered a more bullish outlook, predicting the meme coin’s future ascendance to an ambitious $11. The analyst identified the recurring formation of a Triangle Consolidation pattern in the DOGEUSD price chart. As per historical patterns, the meme coin is expected to hit $11 in 2026.
