08.09.2025 05:05
From internet sources, a significant surge in the altcoin market has been spearheaded by Dogecoin, the foremost among meme cryptocurrencies. This remarkable ascent is closely linked to the burgeoning optimism surrounding the anticipated launch of the Rex-Osprey DOGE ETF.
In the preceding twenty-four hours, the meme coin has experienced a notable appreciation of 7%, presently exchanging hands at $0.231. Its trading volume has also witnessed an impressive 123% spike, reaching $2.6 billion, indicating a heightened level of investor engagement. Over the course of the last week, Dogecoin has climbed by more than 10%, having successfully rebounded from a low of $0.205.
During the weekend of September 7th, a substantial influx of Dogecoin investors was observed, with daily trading volumes escalating by 125%, a clear signal of robust bullish sentiment. Market observers widely anticipate that the Rex-Osprey Dogecoin ETF will commence operations imminently, a development that could fuel a sustained upward trajectory for the meme coin.
Projections from analysts have already begun to set ambitious price targets for Dogecoin, with some suggesting a potential reach of $1 and beyond. A long-term examination of DOGE's price chart reveals it is currently aligning with a logarithmic uptrend, prompting experts to forecast the possibility of an astounding 740% rally during the current bull market cycle.
Visual representations of Dogecoin's trading pattern illustrate its movement within a broadening wedge formation. Each subsequent upward impulse has yielded more substantial gains than preceding rallies. Analysts are maintaining that this trend remains robust, with a future price target for DOGE being identified at $1.40.
The broader altcoin market is exhibiting renewed vigor, buoyed by increasing expectations of a 50 basis point Federal Reserve interest rate cut during the FOMC meeting on September 17th. Beyond Dogecoin, other altcoins such as XRP, Solana (SOL), and Hyperliquid (HYPE) have also demonstrated considerable strength recently. A potential shift by the Federal Reserve towards quantitative tightening could inject fresh liquidity into the market, potentially paving the way for a new era of altcoin resurgence. The prospect of the DOGE ETF approval has undoubtedly served to enhance overall market optimism.
