DOGE Gains 22% on ETF Approval Hopes; MAXI Presale Poised for Bigger Returns
Dogecoin has surged 22% in the past week as odds of a 2025 Dogecoin ETF approval climbed to 66% on Polymarket. Open interest in DOGE futures jumped 13.16% to $3.82 billion, signaling rising trader confidence and heightened volatility. A planned integration of Zero-Knowledge Proof verification will boost Dogecoin’s privacy and scalability, potentially spurring real-world adoption.
On the price chart, DOGE’s July rally bounced off a key upward-sloping trendline—the same pattern that preceded a 400%+ rally in November 2024. If Dogecoin retraces to its 2024 highs, traders could see nearly 100% returns from current levels.
Meanwhile, Maxi Doge (MAXI), a DOGE-inspired meme coin, is in presale at $0.0002515 per token. The project has raised over $610 000 and allocated 40% of its supply to marketing and community rewards. With plans for CEX and DEX listings, futures trading, and holder challenges, MAXI aims to capitalize on meme coin momentum.
Traders should weigh the bullish catalysts for DOGE—ETF prospects, rising open interest, and technical support—against the speculative upside and risks of the MAXI presale. Both opportunities may drive short-term volatility and offer degen traders high-risk, high-reward setups.
Bullish
This news carries a bullish outlook for the crypto market. Dogecoin’s 22% weekly gain, driven by rising ETF approval odds and a 13.16% jump in open interest, parallels past rallies triggered by institutional optimism. The planned Zero-Knowledge Proof upgrade adds a fundamental catalyst, improving privacy and scalability—factors that can sustain long-term demand. Technically, Dogecoin’s rebound off a multi-month support trendline suggests further upside, with potential to revisit 2024 highs.
On the speculative side, the MAXI presale taps into meme coin momentum, offering high-risk, high-reward potential. The project’s strong fundraising, marketing allocation, and plans for CEX/DEX and futures listings could amplify short-term volatility and attract degen traders. While MAXI’s success depends on execution, its presale dynamics reflect how new meme coins can fuel market enthusiasm.
Short term, traders may see heightened volatility in DOGE and MAXI as ETA cues and presale buzz collide. Over the long term, a confirmed Dogecoin ETF and improved network features would likely cement Dogecoin’s institutional appeal, laying the groundwork for sustained bullish momentum.