Analysts predict a Dogecoin price breakout to $10, expecting a parabolic rally similar to the 2017 and 2021 bull runs, as DOGE ETF approval chances spike.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
3 mins read
Dogecoin DOGE $0.22 24h volatility: 2.1% Market cap: $32.96 B Vol. 24h: $2.16 B price has faced a volatile week, swinging in the range between $0.20 and $0.22, as investors await a strong catalyst to push it higher.
With Dogecoin ETF approval chances surging to 94% on Polymarket, investors are now bracing for a major reversal to the upside.
Meme coin DOGE has lagged behind during the recent altcoin rally, trading sideways and dipping to lows around $0.20. Despite this, analysts are still predicting a potential rally to $1.
Trader Tardigrade, a popular analyst in the crypto space, noted that DOGE is showing signs of a bottom formation, ahead of a major parabolic rally in the making.
If Dogecoin follows a trajectory similar to the 2017 and 2021 bull runs, it could climb as high as $10.
$Doge/weekly#Dogecoin massive surge is coming 🔥 pic.twitter.com/m5YOtrkqt2
— Trader Tardigrade (@TATrader_Alan) September 5, 2025
The largest meme coin continues to attract institutional interest, with firms like CleanCore aiming to build their own DOGE Treasury.
In a related move, Nasdaq-listed Thumzup Media, backed by Donald Trump Jr., announced plans to position itself as a major player in the Dogecoin space.
In the latest development, Thumzup Media has announced plans to acquire DogeHash Technologies, a Dogecoin mining operation.
This acquisition includes 2,500 operational mining rigs, with an additional 1,000 units ordered, totaling 3,500 rigs.
This move will help the company position itself as a significant player in the Dogecoin mining sector. To fund this expansion, Thumzup completed a $50 million common stock offering at $10 per share in August 2025.
Talk of a spot Dogecoin ETF is heating up again, as Rex Shares hinted that its Rex-Osprey DOGE ETF could launch as early as next week. The asset manager filed the application with the US SEC earlier this year.
Looks like Rex is going to launch a Doge ETF via the 40 Act a la $SSK next week based on below tweet combined w how they just filed an effective prospectus. Doge looks like first one to go out, but the pros also includes on there are Trump, XRP and Bonk so poss those too at some… https://t.co/svyAFLB8Q3
— Eric Balchunas (@EricBalchunas) September 4, 2025
Following this development, the chances of Dogecoin ETF approval on the decentralized prediction market Polymarket have risen to 94%, potentially setting the stage for a significant Dogecoin price move.
Dogecoin ETF approval chances went up to 95%. | Source: Polymarket
Riding the Dogecoin hype, the Degen meme coin Maxi Doge is making waves, having already raised over $1.8 million with a short-term goal of $2 million.
Marketed as the “frustrated but ripped cousin” of Dogecoin, the token is catching the eye of investors curious how it stacks up against Dogecoin, Shiba Inu SHIB $0.000012 24h volatility: 2.1% Market cap: $7.33 B Vol. 24h: $214.51 M , and Bonk BONK $0.000020 24h volatility: 3.8% Market cap: $1.57 B Vol. 24h: $243.43 M .
Early backers can score up to 169% APY through staking, adding even more excitement to the project.
Maxi Doge also plans to expand into perpetual markets, aiming to establish itself as a leading meme coin in 2025. Check out our guide to buying Maxi Doge if you’re interested in participating in the presale.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.