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- Dogecoin sits at $0.26, down 2%, with whale accumulation at $560 million worth of DOGE.
- Odds of a DOGE ETF approval in 2025 stand at 54%, per Polymarket.
- CoinCodex predicts a 9.62% drop to $0.2402 by March 7, 2025, signaling a bearish outlook.
The cryptocurrency market moves fast. Some tokens struggle to keep up, while others thrive. Dogecoin, the original meme coin, is showing resilience. It has gained traction, backed by whale activity and speculation over a DOGE ETF.
At press time, Dogecoin sits at $0.26, down 2% in the last 24 hours. The price suffered as Bitcoin dropped below $100K, triggered by concerns over rising trade war tensions. Bitcoin soon recovered, boosted by regulatory optimism in the U.S.
David Sacks, Donald Trump’s crypto czar, made waves with a bold statement. He revealed the government is considering a Bitcoin reserve. If this happens, crypto markets will see a major boost. This could drive a surge across all digital assets, including Dogecoin.
Dogecoin ETF Talks Gain Momentum
Institutional interest in DOGE is rising. Polymarket data shows 54% odds of a DOGE ETF approval in 2025. A regulated investment vehicle could increase demand and push prices higher.
Meanwhile, whales are making moves. Crypto analyst Ali Martinez reported that whales have accumulated 560 million DOGE, roughly $560 million worth, in the past week alone. This follows a sell-off, signaling renewed interest from big holders.
Source: X“Whales have accumulated 560 million Dogecoin $DOGE in the past week following an intense sell-off, signaling renewed interest from large holders!”
Elon Musk continues to fuel DOGE enthusiasm. His DOGE department at X adds to the token’s appeal, keeping its meme-based utility alive.
Dogecoin’s near-term outlook remains uncertain. CoinCodex predicts DOGE may hold steady at $0.26 until February 10, 2025. However, further downside is expected.
By March 7, 2025, CoinCodex forecasts a 9.62% drop, bringing DOGE down to $0.2402. Technical indicators currently suggest a bearish trend, with a Fear & Greed Index at 54 (neutral). Over the past 30 days, DOGE recorded 13 green days out of 30 (43%) and showed 9.54% price volatility.
“Based on the Dogecoin forecast, it’s now a bad time to buy Dogecoin.”
Dogecoin’s future depends on several key factors. Market sentiment could shift if Bitcoin reserves grow, influencing DOGE’s momentum. Institutional adoption, especially through ETF approvals, may bring price stability. Meanwhile, whale accumulation could trigger sudden price surges. Lastly, Elon Musk’s influence remains unpredictable, keeping DOGE’s trajectory uncertain.
While the token has shown resilience, its long-term growth remains speculative. For now, investors must watch whale activity, ETF developments, and broader market trends.
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