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$DOGE’s Bullish Momentum Is Heating Up – But $MAXI’s Presale Could Deliver Even Wilder Gains
Dogecoin has never really left the headlines since its sensational 100% rally in June-July, which saw the token blast past its long-standing resistance at $0.25952. Now, with a fresh 22% gain in just the past week, fueled by both fundamental and technical momentum, $DOGE looks primed for an even more explosive rally.
A key catalyst behind this surge is the recent 5% jump in the odds of a Dogecoin ETF being approved in 2025, according to prediction platform Polymarket. The odds now stand at 66%. An ETF approval would be a game-changer, opening the doors for mainstream institutional investment and potentially driving massive new demand for $DOGE.
Keep reading to discover more reasons the market is on fire for $DOGE right now, what its price chart is signaling, and why getting in early on Maxi Doge ($MAXI), a $DOGE-inspired meme coin currently in presale, could be the best way to ride this wave.
Key Drivers Powering Dogecoin’s Momentum
According to CoinGlass, open interest in Dogecoin futures jumped 13.16% on Saturday (August 9) to $3.82B. Rising open interest means more capital is flowing into $DOGE derivatives, which is a strong sign of growing trader confidence and potential for higher volatility in the token’s favor.
Another catalyst is Dogecoin’s upcoming integration with a Zero-Knowledge Proof (ZKP) verification system, a cryptographic method that allows transactions to be verified while keeping sensitive details under wraps. This upgrade will boost privacy, security, and scalability, making $DOGE more attractive for real-world use cases and, therefore, potentially increasing its demand.
From a technical analysis standpoint, Dogecoin’s current push, which began in July, stems from a bounce off a major upward-trending support line. The last time $DOGE rebounded from this same trendline, in November 2024, it launched into a 400%+ rally. With the current run-up only about 60% complete based on this pattern, there’s still significant upside potential ahead.
Dogecoin’s potential upside notwithstanding, even if it climbs back to its 2024 highs from here, that’d be nearly a 100% gain if you got in now. Of course, those are returns Harvard-trained investment bankers would give a kidney for, but we’re talking about wild meme coins here.
So, if you’re looking to give your portfolio a degen twist – and a potentially explosion-worthy edge – consider watching Maxi Doge ($MAXI)
Source: bitcoinist.com
