REX-Osprey Launches First Dogecoin ETF, Analyst Predicts $5 Price Target

Crypto analyst CryptoELITES predicts that Dogecoin (DOGE) could reach $5, contingent on the launch of DOGE ETFs.

  • The first Dogecoin ETF by REX-Osprey is launching, providing institutional investors with spot exposure to DOGE.
  • This ETF could drive significant capital into the DOGE ecosystem, potentially catalyzing a price rally to $5.
  • More Dogecoin ETFs might emerge as the SEC approves generic listing standards for faster crypto ETF listings.
  • Grayscale, Bitwise, and 21Shares have filed for a DOGE ETF, which could further enhance liquidity in Dogecoin.
  • CryptoELITES previously cited historical cycles and past gains as reasons for DOGE's potential rise to $5.

Dogecoin

Another analyst, DOGECAPITAL, maintains a $10 target for Dogecoin based on historical cycle trends. The analyst suggests substantial upside this year if patterns hold true.

  • DOGECAPITAL's analysis shows the possibility of DOGE reaching up to $36 in this cycle.
  • The current Dogecoin price is approximately $0.28, with a 6% increase in the last 24 hours.

Dogecoin