Dogecoin is currently experiencing a significant downtrend, having dropped roughly 47% since its peak in September, leaving investors concerned about the possibility of it falling to $0.10.
While the Grayscale spot Dogecoin ETF is expected to receive approval by November 24, in the current market that catalyst carries very little weight. Even XRP’s launch of six ETFs failed to prevent its price from dropping to new lows, so expecting a major Dogecoin rally from this event alone is unrealistic.
With sentiment weakening, the real question is whether Dogecoin is preparing for another classic recovery cycle or if this time the market structure suggests a different outcome.
Below is a deeper Dogecoin price prediction analysis along with the best meme coin alternatives to consider while $DOGE remains under pressure.
Source – Insidebitcoins YouTube Channel
Summary
Dogecoin 2x Long ETF Hits Nasdaq: Will $DOGE Rally or Stay Suppressed?
21Shares has introduced a new leveraged ETF linked to Dogecoin, coinciding with the finalization of its acquisition by FalconX. This launch provides traders with a fresh avenue to engage with one of crypto’s most recognized meme coins, while also signaling a milestone for both companies.
The 21Shares 2x Long Dogecoin ETF, listed on Nasdaq under the ticker $TXXD, is designed to deliver roughly 200% of Dogecoin’s daily performance before fees, amplifying price movements for investors seeking greater exposure.
This ETF expands 21Shares’ lineup of U.S.-based crypto investment products, with the unique focus on Dogecoin, a token that evolved from a meme into a mainstream market participant.
$TXXD is further supported by the Dogecoin Foundation’s corporate branch, House of Doge, strengthening community ties while offering a bridge for $DOGE holders to access traditional trading platforms.
However, despite its structure, this ETF is not guaranteed to lift Dogecoin, as broader market forces continue to suppress major altcoins, including $DOGE.
Dogecoin Price Prediction
According to DOGECapital analysts, Dogecoin is sitting in the lowest 5% of its long-term trading channel, a zone where previous cycles have found their bottoms before major upside moves. Historically, $DOGE tends to move sideways for some time before any explosive rally begins.
From this point, analysts see two potential paths for Dogecoin. In one scenario, the cryptocurrency maintains support at the lower end of its channel and positions itself for another historic rally.
Alternatively, Dogecoin could continue moving sideways along the bottom, bypassing a sharp peak this cycle and instead transitioning into a steady, longer-term uptrend without reaching new cycle lows.
Experts also suggest that if Bitcoin reaches a new all-time high, it could indicate an extension of the current market cycle, potentially allowing Dogecoin’s cycle to extend in tandem.
Meanwhile, the X account Trader Tardigrade notes that the MACD is contracting on the daily chart. This mirrors the pattern from February to April last year, when Dogecoin climbed from $0.145 to $0.3 after breaking out of a triangular formation.
High-Risk, High-Reward Opportunity Among the Best Meme Coins to Buy Now
As Dogecoin flounders at the lower edge of its historic range and most meme coins fail to move, traders are pivoting toward ventures showing actual momentum, with Maxi Doge (MAXI) standing out.
Maxi Doge has emerged as a high-potential Ethereum-based meme token currently in its presale phase, having raised $4 million, with a token price of $0.000269. The project also offers staking features with up to 70% APY, with more than 10 billion tokens already staked.
Branded with a gym-themed Doge persona, the project blends humorous storytelling with speculative appeal, targeting traders who thrive on high-risk, high-reward opportunities.
The roadmap outlines phased development, including smart contract audits, community outreach, influencer promotions, and eventual listings on exchanges. Additional plans feature gamified trading contests and potential futures integration to maintain momentum and community participation.
Maxi Doge positions itself as a culture-driven, high-volatility project, designed to offer both leverage-based excitement and structured, auditable growth. It’s more than just a Dogecoin alternative and is considered one of the best meme coins to buy right now.
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
