- Dogecoin ETF Filing Acknowledged by SEC: Dogecoin’s ETF application, filed by 21Shares, was officially acknowledged by the SEC on May 13, marking a pivotal step that could push DOGE into mainstream financial circles.
- Price Projections Surge Amid ETF Buzz: Analysts are now projecting Dogecoin to hit $1.05 by early June, with Master Kenobi suggesting a potential 350% gain based on patterns similar to its 2017 pump, fueled by rising volume and positive technical indicators.
- Market Sentiment Shifts Toward DOGE: The broader crypto market is gaining momentum as Bitcoin’s ETF buzz sparks interest across assets, with Dogecoin’s newfound legitimacy potentially positioning it for a major breakout if the ETF gets the green light.
Dogecoin just hit a major milestone – its ETF filing has been officially acknowledged by the SEC as of May 13. That’s right, the meme coin that started as a joke is now eyeing a spot ETF in the U.S., and it’s got some traders talking $1.05 by early June. Crazy? Maybe. But some price models are backing it up.
ETF Buzz Lights Up Dogecoin
According to reports, the Dogecoin ETF application came from 21Shares, a well-known crypto ETP provider. The SEC’s nod is just the first step, but it’s a big one, hinting they might be opening the door to assets beyond Bitcoin and Ethereum.
Phoenix News called it a ‘significant regulatory recognition,’ and some are saying it could be a game changer. Master Kenobi weighed in, suggesting that if the 2017 DOGE pump pattern is applied to the current setup, $1.05 by early June isn’t as wild as it sounds.
Technicals Point to $1 Target
With the ETF buzz, Dogecoin’s price projections have shot up. Analysts are now eyeing a possible 350% gain over the next 22 days, based on chart patterns similar to those seen in 2017. Volume’s been ramping up since the SEC acknowledgment, signaling fresh momentum that could push DOGE over the $1 mark.
A trading chart making the rounds on social media shows a side-by-side comparison of the 2017 Dogecoin pump and 2025’s projections, with Master Kenobi noting that ‘a maximum gain of 350%’ could be in the cards. But, of course, that’s if everything aligns just right.
Crypto Market Sentiment Shifts
The broader crypto market isn’t exactly quiet, either. Bitcoin’s ETF push has sparked interest across the board, and Dogecoin’s newfound legitimacy might just be the spark it needed to re-enter the spotlight. Technical indicators for DOGE show a potential breakout forming, with positive signals stacking up since the ETF filing hit the wires.
For now, all eyes are on that $1.05 target – a move that would be monumental for Dogecoin, which started as a meme and could soon be a mainstream financial asset if the ETF actually gets the green light. But as always, in crypto, nothing’s guaranteed. Stay tuned.
