February 15, 2025 at 16:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Surges on SEC Greenlight Rumors, Polymarket Bets on Record High

February 15, 2025 | 4:00 PM UTC

The latest Dogecoin (DOGE) price stands at $0.27749807530283, showcasing a 3.96940538% increase over the past 24 hours. The daily trading volume for DOGE has reached $2,548,587,843.4631.

Key Metrics

• Circulating Supply: 148,053,266,383.71
• Maximum Supply: N/A
• Total Supply: 148,053,266,383.71
• Market Capitalization: $41,084,496,463.775

Bullish Sentiment Soars

Dogecoin's price surge is fueled by growing optimism in the light of recent rumors that the U.S. Securities and Exchange Commission (SEC) might approve a Dogecoin ETF. Such an approval would significantly enhance the legitimacy and accessibility of DOGE, potentially attracting a broader investor base.

Moreover, Polymarket traders are betting big on Dogecoin's potential. The leading prediction market platform is offering odds of 22% for DOGE to reach an all-time high within the next 12 months.

Technical Analysis

The technical analysis of DOGE's price chart reveals positive signals. The Relative Strength Index (RSI) is hovering around 65, indicating a healthy level of momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is exhibiting a bullish crossover, suggesting further upside potential.

Outlook

The combination of positive market sentiment, SEC approval rumors, and Polymarket bets suggests that Dogecoin's price rally may continue in the short term. However, it's important to note that the cryptocurrency market remains highly volatile, and investors should exercise caution and conduct thorough research before making any investment decisions.