Dogecoin’s price is climbing as excitement builds around the upcoming launch of the Rex-Osprey Spot DOGE ETF in the U.S.
Summary
- Dogecoin price jumps as the first spot ETF is expected this week
- Traders see a 91% chance of Rex-Osprey Spot DOGE ETF approval
- ETF approval could be a strong positive signal for Dogecoin
Dogecoin (DOGE) is seeing a price boost ahead of its first spot ETF. On Tuesday, September 9, Dogecoin rose 5% to a daily high of $0.2471 before settling at $0.2465. The rally is fueled by anticipation for the Rex-Osprey Spot Dogecoin ETF (DOJE).
The U.S. Securities and Exchange Commission may approve the ETF this week, possibly as soon as September 9. If not, the SEC has until September 13 to make a decision, according to ETF expert Nate Geraci.
Market excitement is already high. Polymarket traders currently give a 91% chance that the Dogecoin ETF will be approved in 2025.
Could Dogecoin Hit $1?
Traditionally, many traders considered Dogecoin a “joke” investment. But ETF approval could change that perception quickly. Dogecoin benefits from a strong community and a decentralized ecosystem, making it appealing to traders.
Crypto analyst XForceGlobal notes that DOGE price charts show a “textbook 5-wave move” since its launch. The current cycle could end with a new all-time high, with a realistic target near $1.
However, REX also cautions investors about the risks of Dogecoin, noting that its price can be highly volatile and unpredictable.
