- Dogecoin has dropped over 16% this week but is still up 20.5% since June, showing short-term resilience.
- Elon Musk continues to back DOGE, with speculation it could be used in X’s upcoming payment platform, X Money.
- A spot DOGE ETF is awaiting SEC approval, and with a pro-crypto SEC head in place, chances of approval—and a price rally—are rising.
Dogecoin hasn’t been immune to the market’s recent dip, sliding 16.3% over the past week and 12.5% in the last two weeks. But oddly enough, it’s still flashing some green on the short-term charts—up 1.1% today, 6% on the month, and over 20% since the start of June 2025. So, while it’s clearly taken a hit, it hasn’t exactly curled up in a corner either.
Some folks see this price drop as a golden entry point. The memecoin might look like a joke at first glance, but its staying power is no joke—it’s been kicking around for over a decade now. And it’s got one pretty vocal supporter in its corner: Elon Musk.
Elon Musk’s Influence Keeps DOGE Relevant
Over the years, Musk has turned into a full-blown Dogecoin fanboy. He’s plugged it in tweets, enabled it for Tesla and SpaceX merch, and just generally refused to let it fade. With his social platform X now cooking up an encrypted chat feature, many believe it’s just a step toward crypto payments—and DOGE is at the top of the list for likely candidates.
There’s even more buzz around “X Money,” a payment product that could roll out soon. If crypto makes its way into that system, odds are decent DOGE will tag along. It just fits the Musk playbook too well to ignore.
A Potential DOGE ETF? Maybe, Just Maybe
Another thing stirring the pot is a pending spot Dogecoin ETF application that’s hanging with the SEC. And here’s the twist—the SEC just brought in Paul Atkins, a known crypto ally, as its new chief. Since he came in, the agency’s backed off a few major lawsuits, suggesting a softer stance on digital assets overall.
If a DOGE ETF actually gets the green light, that could send the coin flying. No guarantees of course, but the pieces are kinda lining up—regulatory tailwind, billionaire hype, and real-world payment potential all bubbling at once.
The $1 Dream Still Alive… Just Not Quite There Yet
Let’s be real, the holy grail for DOGE believers is that sweet $1 milestone. It’s been teased so many times, it’s basically crypto folklore at this point. If both the X payment integration and the ETF approval land, it might finally be more than a meme dream. But for now, all we’ve got is potential—no official go-aheads on either front. So… wait and watch.
