Game 15. May 2025 ▪
4
min at reading ▪
Dogecoin’s active addresses jumped spectacularly and went from 74 640 to 469 477 in a single day. This sudden alarm comes when Suchý examines several requirements from ETF dogecoin. But will this restored interest be enough to drive the price to new heights?
In short
- Dogecoin active addresses jumped by 528 % in 24 hours and reached 469,477.
- Open interest in DOGE term contracts increased by 70 % to $ 1.65 billion.
- Four applications from ETF Dogecoin are currently examined by dry, and the decision is expected in May.
- The DOGE price could focus on $ 0.40 in case of a $ 0.24 break.
A spectacular alarm clock from the DOGE network
On May 13, 2025, the Dogecoin network experienced a dazzling increase in its activities. The active addresses literally exploded and jumped from 74,640 to 469,477 in just 24 hours, which, according to Glassnod data, is an increase of 528 %.
This magnificent pressure monitors drought approval regarding the storage of ETF dogecoin from 21 cords. The announcement was confirmed by Financial Services on X 14, and created a wave of optimism on the market.
This madness is not isolated. Open interest on DOGE term contracts jumped 70 % per week, from 989 million to $ 1.65 billion. Even more interesting is the increase despite the price drop, suggesting a massive speculative placement in the anticipation of important movement.
Cainelegraph data also reveals high cash demand. The cumulative Delta (CVD) volume (CVD) shows the domination of buyers since the beginning of March, a diagram similar to the one that preceded 385 % of the rally to $ 0.48 in the fourth quarter of 2024.
ETF dogecoin, catalysts of another jump!
Current enthusiasm revolves around four test applications for ETF dogecoin dry. 21 Shares, in cooperation with House of Doga – company branch of the DOGECOIN Foundation – presented its file on April 9. Nasdaq then presented the 19b -4 30th form on April to increase the ETF.
Other actors should not be overcome: Bitwise, Shayscale and Osprey all submitted their own requests. Bloomberg analysts estimate the 75 % probability that Dogecoin ETF is approved this year, while the Paris Polymarket Platform has a chance of 64 %.
ETF 21shares Dogecoin would use Coinbase Coinbase as an official guardian and aim to monitor DOGE performance through the US settlement Award- Dolar CF. This structure would assure institutional investors seeking exposure regulated by the same.
Tardigrade Trader identified a key resistance around $ 0.24. A break over this level could drive Doga around $ 0.40, which signals permanent dynamics up.
Kriss Pax, a dogecoin supporter, observes the inverted figure of the head to daily graphics, indicating a potential movement of up to $ 0.42.
In short, an explosion of active dogecoin addresses associated with increasing interest in the ETF for this attracts a promising table. If dry gives its green light and resistance to $ 0.24 can, Doga could evolve according to two very different trajectories towards its heights 2024 or not.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.