Analysts predict a major surge for Dogecoin, with targets ranging from $2 to $15, driven by historical performance and the potential approval of a DOGE ETF by Bitwise and other firms.
The newly established Department of Government Efficiency (D.O.G.E.) led by Elon Musk briefly boosted Dogecoin's price with recent actions, while industry participants expect further interactions.
Despite its recent downtrend, analysts believe Dogecoin has yet to shine in this bull cycle, with forecasts ranging from $2 to $15 per coin.
The potential approval of a DOGE ETF and actions by Dogecoin whales are factors that could positively influence its valuation.