Dogecoin (DOGE) is down but definitely not out, with social media buzzing and analysts giving it a 90% chance of ETF approval by year-end.
Saturday wasn't kind to crypto, and Dogecoin (DOGE) felt it hard with a nearly 5% drop that added to the market's rough patch. The broader crypto selloff wiped out $458 million in liquidations, but here's the thing – while DOGE's price was tanking, people couldn't stop talking about it on social media. It's like watching your favorite underdog team lose but still cheering louder than everyone else.
Right now, Dogecoin is sitting at $0.1639, down 3.63% in the last day and bleeding red just like pretty much everything else in crypto. It's been a tough ride since DOGE hit that sweet $0.206 high on June 11 – we're talking only two green days out of the last ten. Friday saw the price hit a low of $0.1584 before finding some support, which is basically crypto-speak for "it stopped falling for a minute."
DOGE is Down But Social Media Can't Stop Talking About It
Here's where it gets interesting – while DOGE's price chart looks like a sad puppy, the coin is absolutely crushing it on social media. It landed among Friday's most trending coins, which is pretty wild when you think about it. Price goes down, hype goes up. Only in crypto, right?
Santiment dropped a post on X showing that Dogecoin is one of those coins that's really moving markets and getting people talking. And boy, are they talking. The conversations are all over the place – people are diving deep into DOGE's unlimited supply (yeah, that's still a thing), debating whether the community can actually move mountains, and basically dissecting every angle of this meme coin turned serious contender.
You've got folks comparing DOGE to Bitcoin and Ethereum like it's some kind of crypto royal rumble, others sharing their latest trading strategies, and then there's the endless speculation about whether Elon's going to do something magical with X integration. The mining profitability discussions are heating up too, with people crunching numbers and sharing their setups. It's like a 24/7 DOGE think tank out there.
Will DOGE Make It Into Elon's X "Everything App"?
Speaking of Elon and X integration, things are getting spicy. Musk's been pushing X toward becoming this massive "everything app," and this week X CEO Linda Yaccarino basically said they're looking at adding investing and trading features. Like, actual trading right inside the app. That's huge.
But here's the kicker – they're also rolling out something called "X Money" for peer-to-peer payments, which Musk teased way back in January. The only bummer? There's no word yet about crypto integration, including our beloved DOGE. That doesn't stop people from dreaming though.
Look, Elon's track record with Dogecoin speaks for itself. Tesla accepts DOGE for merch, he's tweeted about it more times than we can count, and there's this whole relationship between him and the DOGE community that just keeps everyone hopeful. Even without concrete crypto features in X Money's first version, people are betting that it's just a matter of time before DOGE finds its way in there somehow.
DOGE ETF Looking Like a Sure Thing – 90% Approval Odds
Now here's where things get really interesting for DOGE holders. The ETF game is heating up big time, and analysts are basically saying it's not a question of "if" anymore, but "when" we'll see Dogecoin ETFs hit the market.
James Seyffart, who's like the ETF guru at Bloomberg, is throwing around some pretty confident numbers. He's saying that a bunch of crypto spot ETF applications – including DOGE – could get the green light before this year wraps up. We're talking maybe next month, or possibly late fall. The guy's giving DOGE ETF approval a whopping 90% chance by year-end.
Think about what that means for a second. A Dogecoin ETF would let traditional investors buy into DOGE through their regular brokerage accounts without having to figure out crypto wallets or exchanges. That's potentially millions of new investors who've been sitting on the sidelines because crypto felt too complicated or risky.
We're not just talking about more money flowing in – though that's obviously huge. An ETF approval would basically legitimize DOGE in the eyes of Wall Street and institutional investors. It's the difference between being "that meme coin" and being "a regulated investment product." That kind of validation could completely change how people think about Dogecoin.
Right now, DOGE is mostly driven by retail traders and the passionate community that's been behind it from day one. But imagine pension funds, investment advisors, and big institutions being able to add DOGE to their portfolios. It could bring some serious stability to those wild price swings we're used to seeing.
So yeah, while DOGE might be having a rough week price-wise, the bigger picture is looking pretty bright. Strong social media buzz, potential X integration down the road, and now a 90% shot at ETF approval – that's not a bad hand to be holding in the crypto game.