The crypto market has been highly volatile, leaving many investors cautious as 2026 approaches. Dogecoin, in particular, has faced a rough stretch, dropping around 19% over the past month despite a generally bullish macro environment.
This downturn has dragged the top meme coin by market cap back to price levels last seen in 2023. Dogecoin now sits at a critical crossroads, needing a strong upward move or it may face further losses as the altcoin continues to search for solid support.
Grayscale Races to Launch First Dogecoin ETF as Retail Demand Surges
Grayscale is moving swiftly to launch its Dogecoin ETF as interest from retail investors continues to rise. The firm’s planned Dogecoin ETF aims at a unique yet highly influential segment of the market. Dogecoin remains one of the most recognizable and culturally dominant digital assets.
The ETF provides a regulated option for investors seeking exposure without the hassle of handling wallets or tokens directly.
According to Eric Balchunas, Senior ETF Analyst at Bloomberg Intelligence, the 20-day review window suggests Grayscale may be positioned to launch the first Dogecoin ETF by Nov 24th. While not fully confirmed until the exchange notice arrives, current SEC signals appear favorable.
This rapid timeline underscores how quickly interest is expanding for thematic and community-driven crypto funds. Despite its lighthearted origins, Dogecoin’s liquidity, longevity, and large user community make it a strong candidate for ETF development.
A regulated DOGE product brings added credibility to a token often viewed as purely speculative. It highlights how wide the ETF landscape has grown and how institutions now accept a broader set of crypto assets.
Should the ETF roll out on time, Dogecoin may experience a fresh influx of capital, particularly from retail traders who prefer traditional brokerage platforms.
Source – The Crypto Mark YouTube Channel
Dogecoin Price Prediction
According to an analysis shared on X by XForceGlobal, Dogecoin appears to be approaching the final phase of a long-term Elliott Wave structure. The chart suggests that the asset is moving toward macro targets above $1, with current market behavior aligning with the development of a potential fifth impulse wave.
XForceGlobal’s chart traces Dogecoin’s Elliott Wave progression across nearly ten years, indicating that the first four major waves on the larger time frame have already unfolded.
The analysis notes that the fifth wave may have technically started earlier this year, following a fourth-wave bottom forming between late 2023 and early 2024. However, the extended pullbacks in recent months still leave open the possibility that the fourth wave has not fully concluded.
Source – XForceGlobal via X
Even with the recent volatility, the previous fourth-wave low remains intact, supporting the argument that Dogecoin is still within the broader fifth-wave advance. The price has also been consolidating inside a tightening structure, yet continues to hold its key support levels.
Importantly, both scenarios presented in the chart still suggest that Dogecoin is on track to eventually set a new all-time high once momentum shifts bullish again. For those looking to get ahead of the next meme coin rally, here’s a guide on how and where to buy Dogecoin.
Maxi Doge Presale Momentum Signals Growing Appetite for Bold Meme Coins
Dogecoin’s lack of clear utility, slow development updates, and heavy reliance on sentiment-driven price action often push investors toward alternatives like Maxi Doge (MAXI), one of the newest meme coins with its presale rapidly surpassed the $4 million mark.
The project leans heavily into a humorous, over-the-top meme identity, positioning itself as a “maximum Degen” token designed to capture the same cultural energy that helped Dogecoin rise over the years.
Its presale structure offers tiered entry points through major crypto wallets, giving early buyers discounted access before exchange listings arrive.
Source – 99Bitcoins YouTube Channel
Although primarily a meme-driven project, it incorporates light utility features such as community contests, partnerships, staking plans, and an ERC-20 launch.
Supporters see potential due to its large supply, bold branding, and ambition to follow the path of major meme coins like $DOGE. As interest builds, Maxi Doge is positioning itself for a potentially explosive debut. To take part in the $MAXI token presale, visit maxidogetoken.com.
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