#我要上精选# DOGE ETF is about to be approved, can DOGE skyrocket?

In recent weeks, exchange traded funds (ETFs) have repeatedly captured headlines in the cryptocurrency field. A number of shitcoins have risen with the trend, becoming the focus of the market. It is worth noting that with Donald Trump's public support for cryptocurrency and Elon Musk's involvement in government affairs, DOGE (DOGE) is highly anticipated in the market, and is expected to stand out among similar currencies.
While DOGE has struggled to break through the $1 barrier for many years, the situation is different now. Investors in the community are placing their bets with high hopes. Once the ETF is approved, the DOGE price may soar to $2, opening up a new path of value appreciation. Whether this wish can be fulfilled or not, the market is watching closely.
The current market of DOGE
Over the past week, the cryptocurrency market has been like a 'red sea,' with all parties engaged in fierce battles and turbulent waves. Even the meme coin camp is deeply embroiled, struggling to stand alone. However, amidst this overall downturn, DOGE has emerged as a dark horse, breaking through the trend.
In the past seven days, DOGE has achieved a gain of over 5%, performing remarkably and becoming a bright spot in the market. As of the writing of this article, DOGE, as an OG meme cryptocurrency, is steadily trading at $0.2630, and its momentum is not diminishing, achieving self-breakthroughs of nearly 2% on a daily basis. Whether it can continue its excellent performance in the future continues to touch the hearts of investors.
Recently, there has been a lot of movement in the cryptocurrency field, and the latest rise of DOGE has attracted much attention, which is closely related to Grayscale's ETF application. Just on February 13, Grayscale's 19b-4 form submitted for its XRP Trust and Dogecoin Trust has successfully obtained official approval from the U.S. Securities and Exchange Commission, undoubtedly setting the stage for future development - the institution has now initiated a 204-day countdown to conduct a comprehensive evaluation of the relevant applications and make a final decision.
It is worth mentioning that, looking back over the past two weeks, the U.S. Securities and Exchange Commission has been taking frequent actions, and multiple applications such as Litecoin (LTC), Solana (SOL), etc. have also been successively approved, indicating that the current crypto field is entering a crucial decision-making period.
Focusing on DOGE, as an OG Meme Coin, can it successfully reach the high point of $2 and become the focus of market discussion. CoinCodex gives a relatively cautious assessment based on professional analysis: it is quite difficult for DOGE to hit $2 in the short term. According to their prediction, the peak trading price of DOGE this year is likely to be locked at $1.182974, which means a significant increase of up to 348% compared to the current price. Further data tracking reveals that the market expects DOGE to reach this stage peak in February 2025.