Dogecoin ETF Approval Jumps to 94%, Rally in Sight
Dogecoin price has traded between $0.20 and $0.22 as investors await catalysts. The odds of a spot Dogecoin ETF approval on Polymarket surged to 94% after Rex Shares filed its Rex-Osprey DOGE ETF prospectus. Analysts spot a bottom formation and predict a parabolic rally similar to 2017 and 2021, targeting $1 or even $10 in the long term. Institutional interest grows as Nasdaq-listed Thumzup Media acquires DogeHash Technologies, adding 3,500 DOGE mining rigs funded by a $50 million stock offering. These developments — a near-certain Dogecoin ETF approval and expanded mining capacity — underpin a bullish outlook for DOGE.
Bullish
News of a near-certain Dogecoin ETF approval historically spurs positive price action, as seen with Bitcoin ETF launches in 2021. The surge to 94% odds on Polymarket signals strong investor confidence and can trigger immediate buying. Coupled with Thumzup Media’s acquisition of 3,500 DOGE mining rigs—boosting network fundamentals—this development supports both short-term momentum and longer-term bullish sentiment. Traders may enter ahead of the ETF launch, driving volatility and potential breakouts.