- DOGE outperformed Bitcoin and Ethereum this week with a 10% rally.
- Rumors of a $200M Dogecoin fund and upcoming Fed rate cuts fuel optimism.
- A potential Dogecoin ETF could unlock massive institutional demand.
Dogecoin is stealing the spotlight once again. According to fresh data from CoinCodex, DOGE has quietly become the best-performing crypto among the top 10 projects by market cap. In just 24 hours, the price surged 6.9%, stacking up a 10.1% gain over the last week. Even the 14-day charts show a modest 2.1% climb. Compare that to Bitcoin’s 0.5% daily rise and Ethereum’s slight dip, and it’s clear — DOGE is running hotter than the majors right now.
Sure, the monthly chart still shows a small 1.2% decline, but short-term momentum is clearly on Dogecoin’s side. And when DOGE starts outperforming BTC and ETH, people start asking: what’s driving this rally?
Why Dogecoin Is Surging Ahead of BTC and ETH
One factor making the rounds is the buzz around Elon Musk’s attorney, Alex Spiro, reportedly tied to a $200 million Dogecoin fund. Corporate treasuries have fueled much of this year’s rally for Bitcoin and Ethereum, and if DOGE follows the same playbook, demand could ramp up quickly.
There’s also the macro backdrop. A possible Fed rate cut this month is turning into a hot narrative. When borrowing gets cheaper, investors usually shift toward riskier assets — and let’s be honest, memecoins like DOGE thrive on risk appetite. The CME FedWatch tool puts the odds of a 25 basis point cut at over 90%, which might already be baked into crypto market sentiment.
And then there’s the wildcard: a Dogecoin ETF. Heavyweights like Grayscale, Bitwise, and 21Shares have already filed applications with the SEC. If approved, DOGE would become the first memecoin with a spot ETF — a move that could pour institutional money into the token almost overnight.
The Bottom Line
Dogecoin may not always play by the rules, but it has a habit of surprising skeptics. With talk of a $200M fund, looming Fed rate cuts, and the possibility of an ETF approval, the ingredients for another DOGE breakout are stacking up. Whether it pushes toward $1.00 or even higher, one thing is certain — DOGE is back in the conversation, and it’s not fading quietly into the background this time.
