Will Dogecoin Pump 900%, as Bitwise Files for Dogecoin ETF?

Bitwise Submits Registration for Dogecoin ETF Amidst Growing Interest

Bitwise, a prominent asset management firm, has reiterated its commitment to launching cryptocurrency exchange-traded funds (ETFs) by targeting Dogecoin (DOGE). The company has正式 submitted an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the Bitwise Dogecoin ETF, garnering significant anticipation.

Analyst Predicts 900% Surge for Dogecoin

Analyst Ali Martinez has drawn parallels between Dogecoin's historical 900% surge in 2021 and its current market conditions. A combination of whale accumulation, ETF developments, and positive historical patterns suggests that the meme coin is poised for another explosive breakout.

Whales Accumulate DOGE

Coinciding with Bitwise's ETF filing, crypto "whales" have been actively acquiring DOGE. A significant accumulation of 460 million DOGE during the recent market dip indicates growing confidence among large investors, potentially setting the stage for a price rally.

FOMC's Impact on DOGE

In January 2021, the Federal Open Market Committee (FOMC) maintained interest rates, triggering a substantial Dogecoin rally the following day. Analyst ChandlerCharts observes a similar pattern emerging for January 2025, coinciding with the upcoming FOMC meeting (January 28-29).

Historical Comparison and Potential Price Targets

Comparing 2021 and 2025 charts, Dogecoin's price action mirrors its past trajectory. It is currently testing the $0.33 support level, which has historically served as a launchpad for significant growth. If historical patterns hold, DOGE could reach $0.50 (0.618 Fib level) and potentially $0.70 (1.0 Fib level) if liquidity remains strong.

Volatility Ahead

Analysts caution of heightened volatility in the lead-up to the FOMC announcement. Market sentiment and liquidity conditions could drive further price surges. Traders are advised to prepare for potential Dogecoin price swings as momentum builds.