Why did the price of DOGE go up?

Dogecoin (DOGE) increased by 2.18% in the last 24 hours, breaking away from its downward trend over the past week (-2.06%) and month (-20.18%). This rise matches a broader recovery in the cryptocurrency market, which saw a 2.66% increase in total market value, driven by positive economic news. The main factors behind this movement are:

1. Trump’s $400 Billion Stimulus Announcement – Boosting hopes for more money flowing into crypto.
2. Progress on DOGE ETF – Bitwise’s new filing sparks interest from big investors.
3. Technical Indicators – Signs that Dogecoin was oversold and is now bouncing back.

Deep Dive

1. Economic Stimulus Boost (Positive for Dogecoin)

Overview:
Dogecoin’s price rose along with Bitcoin (+3%) and Ethereum (+3%) after former President Trump announced a $2,000 payment for 85% of U.S. adults, funded by $400 billion from tariffs (CoinGape).

What this means:

• This plan is seen as putting more cash into the economy, which usually helps riskier assets like Dogecoin.
• Experts compare this to the 2020–2021 stimulus packages that led to huge gains in cryptocurrencies, including a 15,000% rise in DOGE.

What to watch:
The Federal Reserve’s December meeting, where decisions on interest rates could affect how long this rally lasts.

2. ETF Speculation Returns (Uncertain Impact)

Overview:
Bitwise updated its application for a spot DOGE ETF on November 9, with a possible launch date of November 26 if the U.S. Securities and Exchange Commission (SEC) doesn’t block it (CoinMarketCap).

What this means:

• If approved, Dogecoin would become the third cryptocurrency with a U.S. ETF, potentially attracting large institutional investors.
• However, the SEC has been cautious, taking years to approve Bitcoin and Ethereum ETFs.

What to watch:
The SEC’s decision by November 26. Bitwise has not yet shared details about fees or initial funding.

3. Technical Bounce from Oversold Conditions (Positive Signal)

Overview:
Dogecoin’s Relative Strength Index (RSI) reached 42.26, moving out of the oversold zone (below 30), and the MACD indicator turned positive for the first time since October.

What this means:

• These technical signs suggest a short-term buying opportunity, especially as DOGE tests support at $0.18.
• Resistance levels to watch are $0.184 and $0.20, based on Fibonacci retracement levels.

What to watch:
If DOGE closes above $0.184, it could trigger more buying. If it fails, the price might drop back to $0.17.

Conclusion

Dogecoin’s recent rise is driven by optimism from economic stimulus and technical buying signals. However, selling by large holders (about 3 billion DOGE in the past 30 days) and uncertainty around the ETF approval limit how far it can go. Key point to watch: Will DOGE maintain its $0.18 support if the SEC delays Bitwise’s ETF decision?

What could affect the price of DOGE?

Dogecoin’s future price depends on changes to inflation, news about ETFs, and big moves by large holders (“whales”).

1. Block Reward Cut Proposal – A possible 90% drop in new Dogecoin creation could reduce inflation.
2. Spot ETF Decision – The SEC will decide on Bitwise’s Dogecoin ETF by November 26.
3. Whale Activity – Since September, whales sold 3 billion DOGE, but there’s a strong $520 million buy wall at $0.20.

Deep Dive

1. Inflation Change Proposal (Potentially Positive)

What’s happening:
A proposal on GitHub suggests cutting Dogecoin’s block rewards from 10,000 to 1,000 DOGE per block. This would reduce the yearly new supply from 5 billion to 500 million coins. Inflation would drop from about 3.3% to 0.33%, making Dogecoin more scarce—similar to Bitcoin’s model—while still rewarding miners, assuming the price goes up.

Why it matters:
Lower inflation can make Dogecoin more attractive as a store of value, which often helps crypto prices rise. If the community agrees and the code is updated, fewer new coins entering the market could stabilize or increase prices. Bitcoin and Ethereum’s past “halving” events led to long-term price gains, but Dogecoin’s meme status adds some uncertainty.

2. ETF Approval Timeline (Uncertain Impact)

What’s happening:
Bitwise updated its application for a Dogecoin spot ETF on November 9, starting a 20-day review by the SEC. If approved, Dogecoin would become the third crypto with a U.S. spot ETF, after Bitcoin and Ethereum. Analysts give it about a 75% chance of approval according to Polymarket. Other companies like Grayscale and 21Shares have similar applications.

Why it matters:
If approved, ETF investments could boost Dogecoin’s price, similar to Bitcoin’s 150% rally after its ETF launch in 2024. However, Dogecoin’s reputation as a meme coin could make approval less certain. Even a $500 million ETF (about 3% of Dogecoin’s market cap) could increase price swings. If rejected, prices might fall back to June’s low of $0.14, especially since current trading data shows weakening interest.

3. Whale Activity and Market Sentiment (Mixed Effects)

What’s happening:
Since September, large holders have sold 3 billion DOGE (worth about $520 million), reducing coins available on exchanges. But at the same time, about 11.12 billion DOGE have been bought near $0.20, creating a strong support level. Retail traders are mostly betting on price increases, with a Binance long-to-short ratio of 3.5.

Why it matters:
Because the top 1% of holders control 65% of Dogecoin’s supply, their actions can quickly move prices up or down. The $0.16 to $0.18 price range is now a critical support zone—if prices fall below this, it could trigger a wave of forced selling. Holding above this level might push prices up toward resistance at $0.23.

Conclusion

Dogecoin’s price outlook depends on balancing inflation changes with its meme coin nature. The upcoming ETF decision and whale buying near $0.20 are key short-term factors, while cutting new coin issuance could change Dogecoin’s value over the long term.

Will the SEC approve a Dogecoin ETF before Bitcoin regains its 60% market dominance?

What are people saying about DOGE?

The Dogecoin community is divided between optimistic chart patterns and hopes for an ETF approval. Here’s what’s trending right now:

1. Big investors (“whales”) have placed over $200 million betting on Dogecoin reaching $0.30
2. Rumors about a Dogecoin ETF are sparking talk of a big institutional price surge
3. Traders are debating whether bullish signals will hold or if there’s a risk of a price drop

In-Depth Look

1. Whale Activity Points to $0.30 Target — Bullish Outlook

@johnmorganFL reports:
“Over 200 billion DOGE coins were bought in one week... Target price: $0.30 soon.”
– @johnmorganFL (35.1K followers · 4.9M impressions · August 16, 2025)
See original post
What this means: Large investors are buying aggressively around $0.22, showing confidence that Dogecoin’s price could break higher. However, continued strong trading volume will be important to sustain this move.

2. Dogecoin ETF Speculation Grows — Neutral Outlook

According to Grayscale:
“Update on Grayscale’s DOGE Trust ETF... SEC decision expected in October 2025.”
– Community post (August 17, 2025)
See original post
What this means: If regulators approve the ETF, it could bring in big institutional investors. But since approval isn’t guaranteed, Dogecoin’s price may stay within a certain range until there’s more clarity.

3. Bear Flag Pattern Signals Possible 18% Drop — Bearish Outlook

@ali_charts notes:
“The 4-hour chart shows a bear flag pattern — if Dogecoin falls below $0.208, losses could extend further.”
– @ali_charts (162K followers · 1.4M impressions · June 4, 2025)
See original post
What this means: Failed attempts to break higher and a weakening link to Bitcoin increase the risk of a price drop, especially if support at $0.17 breaks.

Summary

The outlook for Dogecoin is mixed. While big investors accumulating DOGE and hopes for an ETF approval provide optimism, technical resistance and broader market uncertainty create caution. The price range between $0.22 and $0.25 remains a key battleground. Keep an eye on the Grayscale ETF timeline and Bitcoin’s market dominance. A move above Dogecoin’s 200-day moving average ($0.192) could signal renewed momentum. The community’s enthusiasm (“meme magic”) is still alive but will need more than just chart patterns to push prices higher.

What is the latest news about DOGE?

Dogecoin is experiencing a mix of excitement around a possible ETF approval and pressure from large holders selling off their coins. Here’s the latest update:

1. Bitwise Updates Dogecoin ETF Filing (Nov 9, 2025) – The SEC has started a 20-day review, with a decision expected by November 26.
2. Big Holders Sell 3 Billion DOGE in One Month (Nov 9, 2025) – Large investors sold about $520 million worth of Dogecoin, pushing prices down.
3. Price Patterns Show Potential for Growth (Nov 9, 2025) – Current charts resemble past bull runs from 2017 and 2021, suggesting possible long-term gains.

In-Depth Look

1. Bitwise Updates Dogecoin ETF Filing (Nov 9, 2025)

What Happened?
Bitwise, a company that manages cryptocurrency funds, updated its application to launch a Dogecoin ETF (Exchange-Traded Fund). This update removed a delay request, starting a 20-day review by the U.S. Securities and Exchange Commission (SEC). If approved, this would allow investors to buy Dogecoin through a regulated fund, similar to what already exists for Bitcoin and Ethereum.

Why It Matters
Approval would be a big step for Dogecoin, making it easier and safer for big investors like banks and funds to add DOGE to their portfolios. This could increase demand and support the price. However, the SEC has been cautious about approving ETFs for cryptocurrencies other than Bitcoin and Ethereum, so delays or extra conditions are still possible. (Bitwise)

2. Big Holders Sell 3 Billion DOGE in One Month (Nov 9, 2025)

What Happened?
Large Dogecoin holders—those with between 10 million and 100 million DOGE—sold about 3 billion coins in the last 30 days, worth roughly $520 million. This selling pushed the price down from 30 cents to 17 cents. At the same time, smaller holders (less than 1 million DOGE) have been buying, showing some optimism among everyday investors.

Why It Matters
When big holders sell a lot, it can cause prices to drop because they reduce the number of coins available and signal less confidence. But the fact that smaller investors are buying could help stabilize prices if they keep accumulating. Positive news about the ETF might also help balance out the selling pressure. (Santiment)

3. Price Patterns Show Potential for Growth (Nov 9, 2025)

What Happened?
Experts analyzing Dogecoin’s price charts see similarities to previous bull markets in 2017 and 2021. Back then, the price went through long periods of steady movement before breaking out into rapid gains. Currently, Dogecoin is trying to break out of a downward price channel around 17 to 19 cents.

Why It Matters
This pattern is a hopeful sign that Dogecoin could rally if overall market conditions are favorable. However, past trends don’t guarantee future results, and Dogecoin’s price often depends on the broader mood in the crypto market, which can be unpredictable. (EtherNasyonaL)

Conclusion

Dogecoin is at a crossroads, balancing positive momentum from potential ETF approval against selling pressure from large holders. Technical signals suggest there might be room for growth, but much depends on the SEC’s decision and how investors respond. The big question remains: Will Dogecoin move beyond its reputation as a “joke” coin and gain serious institutional interest?

What is expected in the development of DOGE?

Dogecoin’s development is focused on making the coin more useful, scalable, and expanding its ecosystem. Here are the key upcoming projects:

1. DogeOS Upgrade (2025) – Introducing zero-knowledge proofs and a bridge to Ethereum.
2. Community Staking Proposal (In Development) – A way for users to earn rewards by staking DOGE.
3. Spot ETF Launches (2025–2026) – Potential approval of Dogecoin exchange-traded funds (ETFs).
4. RadioDoge Expansion (2025) – Enabling offline Dogecoin transactions in remote areas.

Deep Dive

1. DogeOS Upgrade (2025)

Overview:
The Dogecoin Foundation and MyDoge Wallet team are working on DogeOS, a system that uses zero-knowledge (ZK) proofs to verify transactions securely and privately. This upgrade will connect Dogecoin with Ethereum, allowing DOGE to be used with decentralized finance (DeFi) apps, NFTs, and smart contracts through a bridge.

What this means:

• Positive: This will make Dogecoin more useful by letting it work within Ethereum’s large network, which could increase demand.
• Challenges: The technology is complex, and delays could slow down adoption.

2. Community Staking Proposal (In Development)

Overview:
In partnership with Ethereum co-founder Vitalik Buterin, the Dogecoin Foundation is designing a Proof-of-Stake (PoS) system. This will let DOGE holders “stake” their coins to earn rewards, with some proceeds supporting charitable causes.

What this means:

• Positive: Encourages people to hold DOGE longer, which might reduce selling pressure.
• Neutral: The community needs to agree on this, so it may take time to implement.

3. Spot ETF Launches (2025–2026)

Overview:
Companies Bitwise and 21Shares have applied to the U.S. Securities and Exchange Commission (SEC) to launch Dogecoin spot ETFs. Decisions are expected by late 2025 and early 2026. If approved, Dogecoin would become the third cryptocurrency with a U.S. spot ETF.

What this means:

• Positive: Approval could bring more institutional investors, stabilizing prices and increasing trading volume.
• Risks: Regulatory delays or denials could hurt market sentiment.

4. RadioDoge Expansion (2025)

Overview:
RadioDoge is a project that uses radio waves and Starlink satellite internet to enable Dogecoin transactions without internet access. The plan is to expand this service across Africa to help people without bank accounts participate in digital finance.

What this means:

• Positive: Increases Dogecoin’s real-world use and adoption in areas with limited internet.
• Neutral: Expanding will require partnerships and funding to build the necessary infrastructure.

Conclusion

Dogecoin’s roadmap combines technical upgrades like DogeOS and staking with practical adoption efforts like ETFs and RadioDoge. While regulatory approvals and Ethereum integration could boost momentum soon, there are risks related to execution and timing.

Will Dogecoin’s community-driven spirit help it stand out by blending meme culture with real-world utility?

What updates are there in the DOGE code base?

In 2025, Dogecoin’s software received important updates aimed at improving its technology and making it easier for developers and users to work with the coin.

1. Java Library Update (September 13, 2025) – Improved Dogecoin’s Java tools by integrating updates from Bitcoin’s code and removing unnecessary parts, making development smoother.
2. Zero-Knowledge Proof Proposal (July 25, 2025) – Suggested adding new privacy and scalability features to support advanced applications like decentralized finance (DeFi) without complicating Dogecoin’s core.
3. Simplified Full Node Setup (September 9, 2025) – Introduced an easier way to run Dogecoin nodes using Docker, helping more people participate in the network.

Deep Dive

1. Java Library Update (September 13, 2025)

What happened: Paulo Vidal improved libdohj, Dogecoin’s Java programming library, by incorporating updates from BitcoinJ (a Bitcoin Java library) and removing links to Litecoin and Namecoin code. This makes it easier for developers to build Dogecoin-specific applications.
Why it matters: This update doesn’t directly affect Dogecoin’s price or usage but helps developers by reducing technical hurdles. Over time, this could lead to better tools and services for Dogecoin users.
(Source)

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

What happened: The MyDoge team proposed adding a feature called OP_CHECKZKP that would allow Dogecoin to verify zero-knowledge proofs (ZKP). ZKPs are a way to prove something is true without revealing all the details, which can enhance privacy and scalability. This would enable Layer-2 solutions like rollups and DeFi applications on Dogecoin without changing its simple core design.
Why it matters: This is a positive development for Dogecoin because it opens the door to more advanced uses, such as private transactions and scalable apps. It could also attract developers from other platforms like Ethereum, expanding Dogecoin’s ecosystem.
(Source)

3. Simplified Full Node Setup (September 9, 2025)

What happened: A new Docker-based setup was released to make running a Dogecoin full node easier across different operating systems. Full nodes help maintain the network by validating transactions and blocks.
Why it matters: While this doesn’t directly impact Dogecoin’s price, it lowers the barrier for people to support the network, which can improve decentralization and long-term security.
(Source)

Conclusion

Dogecoin’s updates in 2025 focus on improving developer tools and preparing for future growth with privacy and scalability features. Although these changes don’t require immediate action from users, they suggest Dogecoin is moving toward greater interoperability and advanced capabilities. It will be interesting to see how Dogecoin’s community-driven spirit balances with these technical advancements as the coin continues to grow.