Dogecoin Leads Altcoin Rally: Price +7%, $2.6B Volume and Hopes for First DOGE ETF Launch

Dogecoin has captured investor attention today, leading the altcoin market recovery. The world’s biggest memecoin jumped 7% in 24 hours to trade at $0.231, while daily trading volume surged 123% to $2.6 billion. The rally comes amid growing optimism that the long-awaited Rex-Osprey DOGE ETF could launch this week.

Momentum Builds Dogecoin rebounded from a local low of $0.205 and has gained more than 10% in the past week. On the weekend of September 7, daily trading volume spiked 125%, highlighting strong bullish sentiment among investors. Analysts are already setting a $1 price target for DOGE, with long-term charts showing potential for a 740% rally. The memecoin is currently trading within a broadening wedge pattern, where each breakout has delivered stronger gains. Experts suggest the next upside target could be around $1.40.

Altcoins Show Strength Dogecoin is not alone in its resurgence. The broader altcoin market is showing strength ahead of expectations that the Fed will cut rates by 50 basis points at its September 17 meeting. Alongside DOGE, XRP, Solana (SOL), and Hyperliquid (HYPE) are among the leading movers. A shift in Fed policy away from tightening could unleash new liquidity into the market, potentially setting the stage for another “altcoin season.”

ETF as a Key Catalyst Last week, Rex Osprey hinted that its DOGE ETF could launch soon, fueling even more optimism around the memecoin. Nate Geraci, president of NovaDius Wealth Management, wrote on X: “The first Dogecoin ETF is likely launching this week… Rex-Osprey DOGE ETF (DOJE). Get ready. I think the next 2 months will be wild for crypto ETFs.” Polymarket data further confirms this sentiment, with approval odds for a DOGE ETF soaring to 94%.

#DOGE , #Dogecoin‬⁩ , #etf , #crypto , #altcoins

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