Why did the price of DOGE go up?

Dogecoin (DOGE) increased by 1.46% to $0.198 in the past 24 hours, slightly outperforming the overall cryptocurrency market, which rose by 1.08%. This growth is driven by companies buying DOGE for their treasuries, positive technical signals from price charts, and ongoing excitement about potential Dogecoin ETFs.

1. Nasdaq-listed companies are adding DOGE to their treasuries
2. Positive chart patterns and large investor activity
3. Growing momentum for ETFs despite Bitcoin’s recent struggles

Deep Dive

1. Companies Adding DOGE to Their Treasuries (Positive Sign)

Overview: Bit Origin, a company listed on Nasdaq, announced a $500 million private funding round to increase its Dogecoin holdings, following a strategy similar to Michael Saylor’s well-known Bitcoin investments. Another company, CleanCore Solutions, currently holds 710 million DOGE (worth about $140 million) and aims to increase that to 1 billion tokens.

What this means: When publicly traded companies buy and hold DOGE, it reduces the number of coins available on the market and signals that institutional investors see Dogecoin as a legitimate asset. This is similar to what happened with Bitcoin in its early corporate adoption phase, which often led to price increases.

What to watch: Updates on Bit Origin’s $500 million funding and CleanCore’s next DOGE purchases will be important indicators.

2. Technical Chart Patterns and Large Investor Activity (Mixed Signals)

Overview: Dogecoin’s price is currently moving between $0.17789 (support level) and $0.21817 (resistance level). Analysts have spotted a “Bull Flag” pattern on the 4-hour charts, which is generally a positive sign. The Relative Strength Index (RSI) is at 42.97, showing neutral momentum.

What this means: If DOGE’s price closes above $0.218, it could trigger automated buying that pushes the price toward $0.30 to $0.35. However, the MACD histogram, a tool used to measure momentum, is still negative, indicating some short-term uncertainty.

Key level to watch: $0.21, where there are currently $2.22 billion worth of sell orders clustered.

3. ETF Developments and Regulatory Progress (Positive Outlook)

Overview: Grayscale updated its Dogecoin ETF application on October 16, and Bitwise made changes to its registration on October 6. Betting markets like Polymarket now give a 79% chance that a Dogecoin ETF will be approved in 2025.

What this means: Approval of a Dogecoin ETF would allow more regulated investment money to flow into DOGE. However, since Dogecoin doesn’t have futures markets like Bitcoin, meeting SEC rules is more complicated. Recent filings show that companies are adjusting their plans to comply with regulations.

Conclusion

Dogecoin’s recent price increase is driven by a combination of companies buying DOGE for their treasuries, positive technical signals, and growing optimism about ETFs. However, the $0.21 price level remains a significant barrier.

Key points to watch:

• Can DOGE stay above $0.18 if Bitcoin continues to struggle in October?
• Watch for CleanCore’s next DOGE purchase.
• Look for hourly price closes above $0.20 as a sign of continued upward momentum.

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What could affect the price of DOGE?

Dogecoin’s price is caught between efforts to reduce inflation and its popularity as a meme coin.

1. Block Reward Cut Proposal – A plan to cut new Dogecoin creation by 90% could reduce inflation but might push miners away.
2. ETF & Institutional Interest – Approval of Dogecoin ETFs, like the one from 21Shares, could bring in more big investors.
3. Whale Activity – Large investors recently bought over $200 million in Dogecoin, which could signal confidence but also add price swings.

Deep Dive

1. Block Reward Cut Proposal (Mixed Impact)

Overview:
A proposal on GitHub (#3776) suggests cutting Dogecoin’s yearly new supply from 5 billion to 500 million DOGE. This would lower inflation (currently about 3.3% per year) and make Dogecoin more like coins that become scarcer over time. However, developers warn this could reduce miners’ earnings so much that they might stop supporting the network. The community is split, with some saying this change breaks the original rules of Dogecoin.

What this means:
If this change happens, fewer new coins could make Dogecoin more valuable by increasing scarcity, attracting investors looking for stable, “sound money.” But miners might leave if rewards drop too much, which could weaken network security. Bitcoin’s past “halving” events show prices can rise after miners adjust, so Dogecoin might see similar effects if more people start using it.

2. ETF & Regulatory Shifts (Bullish Catalyst)

Overview:
21Shares has filed for a Dogecoin ETF (filed April 2025), currently under review by the SEC with a decision expected by January 2026. At the same time, Crypto.com is applying for a banking license, showing growing acceptance of cryptocurrencies by traditional finance.

What this means:
If the ETF is approved, it would make Dogecoin easier and safer for big investors to buy, similar to how Bitcoin’s ETF approval in 2024 helped its price jump by 60%. However, meme coins like Dogecoin face more regulatory scrutiny—the SEC’s 2025 lawsuit against Shiba Inu is a reminder of this risk. A positive decision could push Dogecoin’s price toward $0.30, while rejection might see it fall back to around $0.16.

3. Whale Accumulation & Sentiment (Neutral/Bullish)

Overview:
In August 2025, large investors (“whales”) bought about 1.2 billion DOGE, worth roughly $234 million (IntoTheBlock). This buying happened alongside a “golden cross” on the weekly price chart, a technical sign often linked to upward trends. However, data from derivatives markets shows mixed signals, with funding rates near zero, indicating uncertainty.

What this means:
Big investors often buy before price increases, but Dogecoin’s high volatility (about 45% over 30 days) means prices can swing sharply. The 200-day simple moving average (SMA) at $0.207 is an important level—if Dogecoin stays above this, it could trigger a “fear of missing out” (FOMO) rally toward $0.25. If it falls below, some investors might sell to take profits.

Conclusion

Dogecoin’s future depends on balancing its meme popularity with real changes like the block reward cut and ETF approval, expected between late 2025 and early 2026. Watch the $0.20 to $0.22 price range closely—a week closing above $0.22 could confirm a bullish trend.

The big question: Will miners accept lower rewards if Dogecoin’s price doesn’t rise enough to make up the difference?

What are people saying about DOGE?

Dogecoin’s community is excited about potential ETF approval and positive chart signals, but price swings remain a concern. Here’s the latest:

1. ETF excitement grows – Grayscale’s Dogecoin ETF filing has some predicting prices could reach $0.30.
2. Big investors are buying – Large holders purchased $285 million worth of DOGE in March.
3. Dogecoin moves with Bitcoin – Because of its meme popularity, DOGE’s price could be more sensitive to Bitcoin’s ups and downs.

In-Depth Look

1. @johnmorganFL: ETF Approval Could Boost Dogecoin

“Grayscale’s Dogecoin Trust ETF (GDOG) filing shows growing interest from big investors. The SEC is expected to decide by October 2025.”
– @johnmorganFL (1.2M followers · 12.5K impressions · August 17, 2025)
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What this means: If the SEC approves a Dogecoin ETF, it could make DOGE more attractive to institutional investors, similar to how Bitcoin’s ETF approval helped its price in 2024. But if the decision is delayed or denied, we might see short-term price drops.

2. @artist_bull: Dogecoin and Bitcoin Prices Are Linked

“DOGE’s price has moved closely with Bitcoin this year, with a correlation of 0.87. When Bitcoin moves, DOGE often follows with meme-driven momentum.”
– @artist_bull (89K followers · 4.1K impressions · October 19, 2025)
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What this means: As Bitcoin’s market activity increases, it can help lift DOGE’s price. However, this also means DOGE is more exposed to Bitcoin’s price swings, which can be influenced by factors like Federal Reserve interest rate changes.

3. Yahoo Finance: Large Investors Are Confident

“Big investors, known as whales, bought 1.7 billion DOGE (about $285 million) in March, reducing the amount available on exchanges and showing strong confidence.”
– Yahoo Finance (May 8, 2025)
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What this means: With fewer coins available for sale, DOGE’s price could become more stable. However, smaller investors might find it harder to buy or sell during volatile periods.

Summary

The outlook for Dogecoin is mixed. Optimism around an ETF and strong support from large investors is balanced by technical resistance around $0.20–$0.22. Positive signs like a broadening wedge pattern (which has historically led to price gains of about 40%) and an increase in active users (469,000 as of May 13) suggest potential growth. But if DOGE falls below $0.17, it could drop by as much as 30%. Keep an eye on the SEC’s ETF decision in October and Bitcoin’s price movements—Dogecoin’s future depends on both its meme appeal and broader market trends.

What is the latest news about DOGE?

Dogecoin is currently at a crossroads, balancing between technical stability and hopeful market excitement as it faces important resistance levels. Here’s a quick update:

1. Key Resistance at $0.20 (October 24, 2025) – Dogecoin is struggling to break through the $0.20 to $0.22 price range. If it succeeds, it could spark a 25% price increase.
2. Potential 270% Price Jump (October 24, 2025) – Some analysts believe Dogecoin could soar to new highs based on past price patterns.
3. ETF Approval Could Change the Game (August 17, 2025) – The SEC is reviewing Grayscale’s Dogecoin ETF (GDOG), which could bring more big investors into the market.

In-Depth Look

1. Key Resistance at $0.20 (October 24, 2025)

What’s happening: Dogecoin has hit a wall around $0.20 to $0.22, where a large amount of coins (about 24.9 billion DOGE, worth roughly $4.9 billion) have been bought and held. The price charts show a pattern called a symmetrical triangle, which often signals a big move is coming. If Dogecoin breaks above $0.20, it might climb to about $0.246, a 25% gain. Important factors include the 200-day moving average (a common trend indicator) and activity from large holders (“whales”).
Why it matters: This situation is cautiously optimistic. A strong move above resistance could mean Dogecoin is starting a new upward trend. But if it fails, the price might fall back to around $0.18. Traders will be watching trading volume closely to see if momentum is building. (Source: Cointelegraph)

2. Potential 270% Price Jump (October 24, 2025)

What’s happening: Analyst Javon Marks points out that Dogecoin’s monthly price chart looks similar to its 2017 cycle, suggesting it could rise by as much as 270%, reaching between $0.70 and $0.80. This prediction is based on a “falling wedge” breakout pattern and large investors accumulating coins near $0.18 to $0.20.
Why it matters: This is an optimistic but speculative outlook. While historical price patterns hint at big gains, broader economic factors—like Federal Reserve interest rate decisions—and Bitcoin’s strong market dominance (59.2%) could limit how much Dogecoin can grow. (Source: Coinspeaker)

3. ETF Approval Could Change the Game (August 17, 2025)

What’s happening: Grayscale’s Dogecoin ETF (GDOG) is awaiting approval from the U.S. Securities and Exchange Commission (SEC), expected by late October 2025. If approved, this would be the first regulated investment fund focused on Dogecoin, similar to existing Bitcoin ETFs that have attracted hundreds of millions in investments this year.
Why it matters: Approval would likely bring more institutional investors into Dogecoin, potentially driving the price up over the long term. However, if the SEC delays or rejects the ETF, it could lead to selling pressure. The SEC’s decision will also clarify whether Dogecoin is treated as a commodity or a security, which has big implications for regulation. (Source: CoinMarketCap Community)

Conclusion

Dogecoin’s short-term future depends on breaking through the $0.20 resistance level and the outcome of ETF approval. Technical signals suggest there’s room for a strong rally, but regulatory decisions and broader market conditions will play a big role. The question remains: will Dogecoin’s passionate community push it past these hurdles, or will external challenges hold it back?

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What is expected in the development of DOGE?

Dogecoin’s development is focused on making the coin more useful and widely adopted by upgrading its technology and expanding its ecosystem.

1. Dogecoin ETF Decision (October 18, 2025) – The SEC will decide on approving Grayscale’s spot ETF for Dogecoin.
2. Zero-Knowledge Proof (ZKP) Integration (Q4 2025) – Adding privacy and scalability features using advanced cryptography.
3. Ethereum Bridge Development (2026) – Connecting Dogecoin with Ethereum apps to increase its use cases.
4. Community Staking Proposal (Date TBD) – Introducing a new staking system that rewards users and supports charity.

Deep Dive

1. Dogecoin ETF Decision (October 18, 2025)

What’s happening: The U.S. Securities and Exchange Commission (SEC) will make a final decision on Grayscale’s Dogecoin ETF by October 18, 2025. If approved, this would be the first regulated U.S. spot ETF for a meme-based cryptocurrency, potentially attracting big investors. Experts estimate there’s a 63–75% chance of approval, based on similar approvals for Bitcoin and Ethereum ETFs (Bitcoinist).

Why it matters: Approval could bring more stability and investment to Dogecoin, helping reduce price swings. However, delays or rejection could hurt market confidence.

2. Zero-Knowledge Proof (ZKP) Integration (Q4 2025)

What’s happening: The MyDoge wallet team plans to add zero-knowledge proofs (ZKP), a technology that allows private and efficient transactions without revealing sensitive information. This upgrade will keep Dogecoin simple but add new features for decentralized finance (DeFi) and identity verification (CoinMarketCap).

Why it matters: This could attract developers and new users, but success depends on community support and smooth implementation.

3. Ethereum Bridge Development (2026)

What’s happening: Developers are working on a bridge that will let Dogecoin interact with Ethereum-based decentralized apps (dApps). This means Dogecoin could be wrapped as an ERC-20 token (like wDOGE) and used in popular DeFi platforms such as Uniswap (CoinMarketCap).

Why it matters: This expands Dogecoin’s usefulness beyond just payments, but there are risks like potential bugs in smart contracts.

4. Community Staking Proposal (Date TBD)

What’s happening: The Dogecoin Foundation and Ethereum co-founder Vitalik Buterin are working on a “Community Staking” model. This would allow users to earn rewards while supporting charitable causes. Unlike traditional Proof-of-Stake (PoS) systems, this approach aims to be more inclusive and community-driven (Dogecoin Trailmap).

Why it matters: If successful, staking could reduce selling pressure and encourage long-term holding. However, some in the Dogecoin community prefer the current Proof-of-Work (PoW) system and may be skeptical.

Conclusion

Dogecoin’s roadmap combines technical improvements like zero-knowledge proofs and an Ethereum bridge with ecosystem growth through the ETF and staking proposals. While regulatory decisions like the ETF approval could boost short-term interest, Dogecoin’s long-term success depends on proving its value beyond just being a meme coin. The big question is whether Dogecoin can evolve into a more useful and widely accepted cryptocurrency, reducing its reliance on meme-driven price swings.

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What updates are there in the DOGE code base?

In late 2025, Dogecoin’s software received important updates that improved security, made it easier for developers to build apps, and introduced plans for advanced Web3 features.

1. Libdogecoin Java Library Update (September 13, 2025) – Updated to focus only on Dogecoin, making it simpler for developers to create Dogecoin-specific applications.
2. Hashrate Increase to Counter Qubic Threat (August 28, 2025) – Network security strengthened by combining mining efforts with Litecoin.
3. Zero-Knowledge Proof Proposal (July 25, 2025) – A plan to add privacy-focused features to Dogecoin apps without making the system heavier.

Deep Dive

1. Libdogecoin Java Library Update (September 13, 2025)

What happened: The #libdohj Java library was revamped to remove dependencies on Litecoin and Namecoin, focusing entirely on Dogecoin. It now uses the latest Bitcoinj improvements, making it easier for developers to build apps that work smoothly with Dogecoin. The library handles key tasks like signing transactions and managing wallets.
Why it matters: This update lowers the technical barriers for developers, encouraging more Dogecoin-based apps and expanding the ecosystem. (Source)

2. Hashrate Increase to Counter Qubic Threat (August 28, 2025)

What happened: Dogecoin’s mining power reached a record 2.948 petahashes per second as miners joined forces to defend against a possible attack from the Qubic group. This was achieved through merged mining with Litecoin, meaning miners can secure both networks at once using the same hardware. This makes it much harder for attackers to take control of Dogecoin compared to some other cryptocurrencies.
Why it matters: This shows Dogecoin’s network is strong and resilient, though it also highlights ongoing security challenges. (Source)

3. Zero-Knowledge Proof Proposal (July 25, 2025)

What happened: The MyDoge team suggested adding zero-knowledge proofs (ZK proofs) through DogeOS. These proofs allow apps to verify information without revealing sensitive data, enabling privacy-focused decentralized finance (DeFi) and gaming apps. The plan includes a new command, OP_CHECKZKP, to handle these proofs while keeping older Dogecoin nodes compatible.
Why it matters: This could transform Dogecoin from just a fun “meme coin” into a serious platform for Web3 applications, offering privacy and scalability. (Source)

Conclusion

Dogecoin’s recent updates focus on strengthening security, making development easier, and preparing for future Web3 capabilities. While it’s still early to see how widely zero-knowledge proofs will be adopted, these improvements align Dogecoin with broader trends in cryptocurrency toward practical use and growth. The big question is how quickly developers will use these new tools to build meaningful Dogecoin-based applications.