Why did the price of DOGE fall?
Dogecoin (DOGE) dropped 7.8% in the last 24 hours, underperforming the overall crypto market, which fell just 0.59%. Here’s why:
- ETF Launch Postponed – The debut of Rex-Osprey’s Dogecoin ETF was pushed back to September 18, reducing the excitement around it.
- Overbought Signals – After a strong 23.9% gain over the past week, technical indicators showed DOGE was overbought.
- Shift to Bitcoin – Investors moved money from altcoins like DOGE to Bitcoin, which increased its market dominance to 57%.
In-Depth Analysis
1. ETF Delay Slows Momentum (Negative Impact)
Rex-Osprey’s Dogecoin ETF, originally expected to launch on September 11, has been delayed until September 18 (source). This ETF uses a Registered Investment Company (RIC) structure, which can speed up approval but doesn’t offer the same tax benefits as regular ETFs. While this delay is mostly procedural, it caused some uncertainty among traders.
What this means:
– Traders likely took profits as the initial excitement faded
– Institutional investors may hold back until there’s more clarity
What to watch: The SEC’s deadline in mid-October 2025 for setting general rules on crypto ETFs could be a game-changer (source).
2. Profit-Taking After Strong Rally (Mixed Impact)
DOGE surged 23.9% over the past week, pushing the Relative Strength Index (RSI) to 74.15, which is above the typical overbought level of 70. The price also neared a key resistance level at $0.282, based on Fibonacci retracement levels, leading some traders to sell and lock in profits.
What this means:
– Short-term traders are taking gains, causing a temporary pullback
– This is a normal correction within a longer-term upward trend (DOGE is up 54.6% over 90 days)
Important price points:
– Support level: $0.255 (50-day Simple Moving Average)
– Resistance level: $0.282 (Fibonacci 23.6%)
3. Cooling Interest in Altcoins (Negative Impact)
The Altcoin Season Index, which measures how altcoins are performing compared to Bitcoin, dropped from 72 to 64 in 24 hours. Meanwhile, Bitcoin’s market dominance rose to 57%. With Bitcoin gaining 6.3% over the week compared to DOGE’s 23.9%, many investors shifted toward Bitcoin, seen as a safer asset.
What this means:
– Riskier assets like memecoins (including DOGE) tend to be sold first when investors become cautious
– Lower trading volume for DOGE compared to Bitcoin (16.2% vs. 5.4%) can make price drops more pronounced
Conclusion
Dogecoin’s recent decline is mainly due to the ETF launch delay, profit-taking after a strong rally, and a cautious mood in the altcoin market. The 24-hour sell-off looks like a healthy correction rather than a major downturn, with solid support around $0.255.
What to watch next: Can DOGE stay above its 7-day Simple Moving Average at $0.254 as the September 18 ETF launch approaches?
What could affect the price of DOGE?
Dogecoin’s price is caught between its popularity as a meme coin and upcoming technical changes that could affect its value.
- Block Reward Proposal – Reducing new Dogecoin supply might make it rarer, but could also cause problems for miners.
- ETF Launch (Sept 18) – A new Dogecoin ETF could bring more investors, though its structure adds some complexity.
- Altseason Momentum – Other altcoins are gaining, which helps Dogecoin, but it still relies heavily on its meme status.
Deep Dive
1. Block Reward Cut Proposal (Mixed Impact)
What’s happening:
There’s a plan to cut Dogecoin’s yearly new supply from 5 billion to 500 million coins, dropping its inflation rate from about 3.3% to 0.33%. Some worry this could reduce miners’ earnings by 90% per block, possibly making them leave and weakening the network’s security. Others believe this change could make Dogecoin more like Bitcoin, which is known for being scarce, and attract investors who hold for the long term.
Why it matters:
If this goes through, fewer new coins would be sold, which usually helps prices go up (like what’s happened with Bitcoin). But if miners stop supporting the network, it could cause short-term problems and price swings. For more details, see the discussion #3777.
2. DOGE ETF Launch (Bullish Impact)
What’s happening:
The Rex-Osprey Dogecoin ETF (ticker: DOJE) will start trading on September 18, 2025. This ETF is set up as a Registered Investment Company (RIC), which means it can include derivatives (financial contracts based on Dogecoin) but doesn’t need direct approval from the SEC through the usual process. Similar ETFs, like one for Solana, saw big inflows after launching.
Why it matters:
This ETF could make it easier for big investors to buy Dogecoin, increasing demand. But the RIC structure has some tax downsides and risks because of derivatives, which might make some investors cautious at first. More info can be found at Bit2Me.
3. Altseason Sentiment (Bullish Short-Term)
What’s happening:
The Altcoin Season Index, which measures how well alternative cryptocurrencies are doing compared to Bitcoin, reached 64 out of 100 in September 2025—the highest since December 2024. Dogecoin’s price rose 55% over 90 days, beating Bitcoin’s 22%, following a pattern where meme coins often lead during these “altseasons.”
Why it matters:
Retail investors’ excitement (sometimes called FOMO) can push Dogecoin’s price higher, especially since it has strong daily trading volume ($9.2 billion). However, Dogecoin’s main use is for payments, unlike Ethereum’s smart contracts or Solana’s fast transactions, so it can quickly lose value if investor sentiment changes, as seen with a 28% drop in July.
Conclusion
Dogecoin’s future depends on balancing its new scarcity from the block reward cut with the hype from its meme status and the new ETF bringing in more investors. The ETF launch on September 18 is the next big event to watch. Long-term success will require keeping miners motivated and finding more real-world uses for Dogecoin. The big question remains: Will Dogecoin keep its “fun money” appeal if the excitement around altcoins fades?
What are people saying about DOGE?
Dogecoin’s community swings between hopeful memes about big gains and the reality of market challenges. Here’s what’s happening now:
- ETF hopes – Grayscale’s filing for a DOGE Trust ETF is sparking interest from big investors
- Whale activity – Large holders are buying more DOGE, signaling confidence
- Technical challenges – DOGE faces strong resistance at $0.25, testing investor patience
Deep Dive
1. @Grayscale: Grayscale’s DOGE Trust Update Looks Positive
“Grayscale updated its filing for a $DOGE Trust ETF… SEC decision expected October 2025”
– @Grayscale (4.2M followers · 12.3K impressions · 2025-08-17 08:59 UTC)
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What this means: This is good news for DOGE because if the ETF (Exchange-Traded Fund) gets approved, it could bring in big institutional investors. This happened with Bitcoin in 2024, leading to a price rally. The SEC’s decision in October 2025 will be an important event for DOGE’s future.
2. @IntoTheBlock: Large Investors Are Buying More DOGE
“Whale accumulation surged 112%… 3.4B DOGE bought since January”
– @IntoTheBlock (689K followers · 8.1K impressions · 2025-07-07 16:04 UTC)
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What this means: This is a mixed signal. Big investors, often called “whales,” are buying a lot of DOGE, which shows confidence. However, the price is still stuck between $0.21 and $0.23, meaning selling pressure is balancing out the buying.
3. @CryptoManMab: Short-Term Price Drop Raises Concerns
“DOGE slid nearly 5% to $0.162… current bounce could gain traction if holds $0.150”
– @CryptoManMab (312K followers · 5.7K impressions · 2025-08-05 15:01 UTC)
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What this means: This is a bearish sign in the short term. DOGE’s price dropped to a multi-week low near $0.162. However, if it stays above $0.15, traders see that as a key support level that might help the price recover.
Conclusion
The outlook for Dogecoin is mixed right now. There’s optimism because of the potential ETF approval and strong buying by large investors. But DOGE still faces tough resistance at $0.25, which it needs to break through to move higher. Keep an eye on the SEC’s October decision—approval could push DOGE toward $0.30, while rejection might keep the price volatile and uncertain.
What is the latest news about DOGE?
Dogecoin is gaining attention thanks to new ETFs, but questions remain about its practical uses. Here’s the latest update:
- DOGE ETF Launches (September 11, 2025) – The first Dogecoin ETF listed in the U.S. starts trading under REX-Osprey.
- RIC-Structured ETF Delayed (September 18, 2025) – Rex-Osprey’s ETF launch is postponed to September 18, using a tax-friendly but more complex setup.
- Debate Over Use Cases Grows (September 12, 2025) – Experts question whether Dogecoin has real-world value beyond its popularity as a meme after the ETF launch.
Deep Dive
1. DOGE ETF Launches (September 11, 2025)
What happened:
The DOJE ETF from REX-Osprey began trading, marking the first U.S.-regulated product that lets investors gain exposure to Dogecoin. Unlike Bitcoin or Ethereum ETFs approved through the SEC’s usual process, this ETF follows a different set of rules (Investment Company Act of 1940). This means the fund must hold not only Dogecoin but also derivatives or other ETFs.
Why it matters:
This is a mixed development for Dogecoin. It opens the door for institutional investors but doesn’t offer direct ownership of Dogecoin alone. The structure also adds tax complications. The ETF’s success depends on whether investors prefer the convenience of this product over owning Dogecoin directly. (Gate.io)
2. RIC-Structured ETF Delayed (September 18, 2025)
What happened:
Rex-Osprey delayed the launch of its Dogecoin ETF, which uses a Registered Investment Company (RIC) structure, to September 18. This approach allows faster regulatory approval but involves holding derivatives, which some worry could reduce transparency.
Why it matters:
The delay is a short-term setback but could be positive in the long run if it leads to wider adoption. Analysts point out that similar ETFs for other cryptocurrencies like Solana had mixed interest, so Dogecoin might face similar challenges until investors better understand the product. (Bit2Me)
3. Debate Over Use Cases Grows (September 12, 2025)
What happened:
After the ETF launch, experts raised concerns about Dogecoin’s lack of real-world applications, such as payment use or decentralized finance (DeFi) features, especially compared to Bitcoin or Ethereum. Despite a 22% price increase in September, critics say Dogecoin’s value is mostly driven by community hype.
Why it matters:
This raises doubts about Dogecoin’s long-term value. Without clear practical uses, gains from ETFs might not last if big investors shift focus to cryptocurrencies with stronger fundamentals. Still, Dogecoin’s popularity among everyday users and its meme status keep it unpredictable. (Gate.io)
Conclusion
Dogecoin’s new ETFs show growing interest from institutional investors but also highlight questions about its future beyond meme culture. While these regulated products make it easier for more people to invest, Dogecoin needs to prove it can be more than just a speculative asset to justify its $41.5 billion market value. Will ETF investments help Dogecoin find real-world uses, or will it stay a volatile novelty?
What is expected in the development of DOGE?
Dogecoin’s development is focused on making it more useful and widely adopted through these key steps:
- Dogecoin ETF Decision (October 2025) – The U.S. Securities and Exchange Commission (SEC) will decide on spot ETF applications from companies like 21Shares and Grayscale.
- Ethereum Bridge & ZK-Rollups (Q4 2025) – Plans to connect Dogecoin with Ethereum’s network to improve scalability and allow new uses like decentralized finance (DeFi).
- Community Staking Proposal (2026) – Introducing a Proof-of-Stake system that lets everyday holders earn rewards and support charitable causes.
Deep Dive
1. Dogecoin ETF Decision (October 2025)
What’s happening: The SEC is reviewing applications for a Dogecoin spot ETF, which is a regulated investment product that would let investors buy DOGE through traditional financial markets. Companies like 21Shares, Grayscale, and REX-Osprey have submitted these applications. The SEC’s final decision could come by January 2026 if they take extra time (CoinMarketCap).
Why it matters: If approved, this ETF could bring more institutional investors into Dogecoin, making its price more stable and giving it more credibility as an investment. If the SEC delays or rejects the ETF, it might slow down enthusiasm for DOGE for a while.
2. Ethereum Bridge & ZK-Rollups (Q4 2025)
What’s happening: Developers want to build a bridge between Dogecoin and Ethereum, allowing DOGE to be used within Ethereum’s ecosystem through wrapped tokens (wDOGE). They also plan to use ZK-Rollups, a technology that helps process transactions faster and cheaper by handling them off the main blockchain (CoinMarketCap).
Why it matters: This would let Dogecoin participate in DeFi apps, games, and identity services on Ethereum, which it currently can’t do because it lacks smart contract capabilities. This upgrade could make DOGE more versatile, but its success depends on how well developers adopt and implement it.
3. Community Staking Proposal (2026)
What’s happening: The Dogecoin Foundation, along with Ethereum co-founder Vitalik Buterin, is exploring a new Proof-of-Stake model called “Community Staking.” This system would let small DOGE holders earn rewards and support charitable projects, unlike traditional staking systems that favor large validators (Dogecoin Foundation).
Why it matters: This could make Dogecoin more decentralized and attract investors who care about social impact. However, the technical challenges and need for community agreement could slow down progress.
Conclusion
Dogecoin’s roadmap includes important regulatory decisions, technical improvements, and community-driven ideas. These steps aim to move DOGE beyond its meme coin status toward becoming a more useful and respected blockchain asset. Still, how well these plans work out will depend on execution and market reactions.
Will Dogecoin’s mix of fun and functionality help it lead the next wave of altcoins?
What updates are there in the DOGE code base?
Dogecoin’s software is regularly maintained with security updates, improved tools, and dependency fixes to keep the network running smoothly.
- RPC AuxPoW Caching Fix (May 28, 2025) – Improved how auxiliary proof-of-work data is handled, making nodes run more efficiently.
- Key Expiry Update (May 5, 2025) – Extended the validity of developer keys to 2025 to keep code signing secure.
- CI/Subtree Verification (April 21, 2025) – Added automated checks to prevent code conflicts during software builds.
Deep Dive
1. RPC AuxPoW Caching Fix (May 28, 2025)
What happened: The update improves how Dogecoin handles a special type of mining data called Auxiliary Proof-of-Work (AuxPoW). By separating this process from general block validation, it reduces unnecessary work and speeds up certain network operations, especially when nodes request block information.
Why it matters: Faster and more efficient nodes mean better network performance and a smoother experience for developers and validators supporting Dogecoin. This is a positive sign for the health of DOGE. (Source)
2. Key Expiry Update (May 5, 2025)
What happened: Developer signing keys, which are used to verify official code updates, had their expiration dates extended through 2025. This helps avoid interruptions in the process of releasing secure software updates.
Why it matters: While this doesn’t directly affect Dogecoin’s performance, it’s important for maintaining trust and security in the software development process. (Source)
3. CI/Subtree Verification (April 21, 2025)
What happened: Automated checks were added to Dogecoin’s build system to detect mismatches in third-party code dependencies, like LevelDB. This prevents potential bugs caused by inconsistent code versions.
Why it matters: Reducing these kinds of errors makes the Dogecoin software more reliable for everyone running nodes, which supports overall network stability. This is a positive development for DOGE. (Source)
Conclusion
Dogecoin’s recent updates focus on keeping the network stable and secure through steady improvements rather than major protocol changes. Meanwhile, community-driven projects like libdohj and dogecoinj are growing, raising the question: will the Dogecoin ecosystem’s expansion outpace changes to its core software?