Dogecoin Kicks Off a Rally: Expert Sees $0.50 Target With First ETF Launch

The world’s most famous memecoin, Dogecoin (DOGE), is once again stealing the spotlight. This week, DOGE has gained more than 16%, open interest surged to $4.5 billion, and investors are betting that with the upcoming launch of the Rex-Osprey DOGE ETF, a path is opening toward even greater gains.

Dogecoin Leads the Market Rally DOGE is currently leading the broader crypto market rally. Alongside it, Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) are also posting 2–5% gains. Markets are responding to weaker U.S. Producer Price Index (PPI) data, which fuels speculation that the Fed could cut rates – potentially by as much as 50 basis points next week. DOGE has bounced from last week’s $0.21 low, rising nearly 20%. Data from Coinglass shows that open interest in DOGE futures contracts jumped 10% to $4.59 billion, confirming a bullish outlook. Short-term charts suggest room for a move toward $0.275.

Martinez: $0.50 Target Is Within Reach Crypto analyst Ali Martinez believes DOGE could extend its rally significantly. He argues that a decisive breakout above $0.29 with strong trading volume could trigger a surge toward $0.50. 👉 If realized, this would mean a 100% gain for Dogecoin in just weeks – a major milestone for the memecoin and the broader market.

ETF as the Key Catalyst The main driver of the current excitement is the upcoming launch of the Rex-Osprey DOGE ETF, set for Friday, September 12. This will be the first officially regulated ETF dedicated to Dogecoin in the U.S. Rex-Osprey is also rolling out other products: XRP ETF, BONK ETF, TRUMP ETF, and Bitcoin ETF, all cleared after the SEC’s 75-day review. The DOGE ETF is designed to provide exposure to both retail and institutional investors. Its approval could mark a shift in the U.S. regulatory stance on crypto products and pave the way for deeper institutional participation.

A New Symbol of Growth for the Sector Once considered a joke, Dogecoin is now becoming the face of a new trend – the fusion of memecoins and regulated financial products. If the bullish scenario plays out, DOGE may not only strengthen its position among cryptocurrencies but also symbolize the dawn of a new era where traditional finance embraces even the boldest projects in the crypto world.

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