Key Insights
- Raoul Pal, an analyst, predicts Dogecoin could surpass Bitcoin in value.
- Alongside other altcoins, the ETF approval odds for DOGE have risen to 75%, boosting market optimism.
- Along with boosting Dogecoin price, the potential DOGE ETF approval could also drive its market cap beyond $100 billion.
Dogecoin price has seen a notable rise by 4% intraday and a 13% gain over the week. This surge comes amid growing talks surrounding the potential approval of various ETFs.
More recently, an analyst, Raoul Pal, has made headlines with his bold prediction that Dogecoin (DOGE) could surpass Bitcoin. The analyst claimed DOGE may become the hardest money ever created. He points to the meme coin’s historical performance against Bitcoin as evidence for this assertion.
Meanwhile, the ETF landscape is shifting. As before, under former SEC Chair Gary Gensler, the agency consistently rejected applications for other altcoin ETFs. But, now under the current 47th president Donald Trump’s administration, there appears to be a shift in the SEC’s stance.
Similarly, a few days back, the Bloomberg ETF analysts predicted that by 2025, there is a 90% chance of approval for an LTC ETF, 65% for an XRP ETF, and 75% for a Dogecoin ETF. If these ETFs get the green light, it could lead to a major influx of institutional money into these cryptos, driving prices higher.
Grayscale has already filed for both the XRP and Dogecoin ETFs, with the SEC officially acknowledging these filings on February 13, 2025. Keep reading to know more.
Why Raoul Pal Has Branded Dogecoin Price Chart as the Greatest of All Time?
Recently, Raoul Pal, CEO of Global Macro Investor, has made a surprising assertion about Dogecoin. He believes that the Dogecoin price chart boasts the strongest chart among all cryptocurrencies and is poised to surpass Bitcoin. He also predicts that a future breakout against Bitcoin could elevate Dogecoin to the status of the toughest currency in existence.
Since its launch, DOGE price has displayed remarkable growth, outpacing Bitcoin in performance.
According to Pal, Dogecoin’s price has increased by nearly 500% more than Bitcoin throughout its history. So, based on analysts’ analysis, DOGE could evolve into a more robust digital currency than Bitcoin.
Polymarket Highlights Increasing Odds for Dogecoin ETF & Boosting Market Cap Beyond $100 Billion
As seen on the chart, following the SEC’s acknowledgment of Grayscale’s Dogecoin ETF application, the Dogecoin price has surged this week. It seems strongly fueled by growing talks among experts regarding the potential approval of the DOGE ETF.
Even on Polymarket, the odds of approval have grown from a low of 28% in February 2025 to 35% at the time of writing. Many speculate that if the Dogecoin ETF does get approved, it could create massive new momentum in its price. As a result, DOGE could set record highs and significantly boost its market cap.
Historically, the Dogecoin market cap has struggled to reach the $100 billion mark. According to TradingView data, the meme coin’s peak market cap occurred in May 2021, when it soared to $98.45 billion.
It fell short of a few billion to reach that goal. That rise coincided with a Dogecoin price spike to its all-time high of $0.73. Since then, Dogecoin price has faced a downward trend in both price and market cap.
However, the recent recovery, which began in September 2024, has not generated enough momentum to push the Dogecoin market cap to the $100 billion threshold.
After reaching a three-year peak of $71 billion in December 2024, the market downturn over the past three months has seen DOGE’s market cap decline to approximately $41.4 billion at press time.
To push its market cap above $100 billion, it requires a catalyst. The potential approval of the DOGE ETF could provide the catalyst to propel Dogecoin price to new heights.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
