If DOGE ETF is approved in 2025, will Dogecoin's price reach $20?

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Investors are closely watching Dogecoin's price as the meme coin has risen nearly 5% today following recent volatile trading. Additionally, comments from several market experts regarding the Dogecoin ETF have sparked speculation, with many expecting the ETF to launch in 2025. Notably, Donald Trump's election victory this year has boosted market sentiment, with many anticipating that a Republican government will promote the development of cryptocurrencies.

If DOGE ETF is approved, will Dogecoin's price rise?

Since Donald Trump won the election in November, Dogecoin's price has surged significantly alongside a rebound in the cryptocurrency market. However, following the latest U.S. Federal Open Market Committee (FOMC) meeting, broader financial markets (not to mention the cryptocurrency sector) have experienced a highly volatile phase, with central banks hinting at future hawkish actions.

Nevertheless, the recent performance of meme coins suggests that investors are regaining confidence in the sector. Notably, most top meme coins such as SHIB, PEPE, and BONK have also risen alongside DOGE today.

Meanwhile, market optimism for dog-themed popular meme coins has surged, with recent rumors suggesting that the coin may launch an ETF. As a backdrop, several top players have recently applied to launch ETFs for top altcoins like XRP and SOL. This reflects the growing confidence of institutions in the cryptocurrency industry during Trump's presidency.

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