DOGE follows the trail of ETH with a new price boom

Today, the price of DOGE is marking an 11% jump, particularly due to a specific news, but it is necessary to be very careful about it.

Although this jump is in line with a possible bull trend that has been ongoing for a few days, the news that generated it is somewhat dubious.

The news regarding Dogecoin (DOGE)

The news, which was published yesterday, concerns the publicly traded company Bit Origin that has decided to use DOGE as a core treasury asset.

The company has indeed announced that it has reached an agreement to raise 500 million dollars to invest in Dogecoin.

However, this news, despite being received very positively by the crypto markets, requires a couple of clarifications in order to be truly understood for what it really is.

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Bit Origin

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First of all, it must be said that Bit Origin is indeed a company listed on Nasdaq, but also that it capitalizes only 37 million dollars.

Having raised $500 million to buy DOGE, when the overall value of the same company is less than a tenth of the amount raised, raises the first doubts.

Let it be clear, the news is official and confirmed, but it does not say that they have already purchased 500 million dollars of Dogecoin. In fact, it does not even say that they have actually collected them yet, but only that they have reached an agreement to collect them.

Furthermore, it is a company that on the stock market has now imploded.

It landed on Nasdaq in 2019, six years ago, with a price of $180. However, in just thirteen months, the price of its shares plummeted below $20, and over the course of the following three years, it collapsed even below $2.

In fact, starting from November 2024, in the midst of Trump-trade, it collapsed further until reaching a historic low below $0.12 in April of this year.

It is, in short, a junk stock, probably indicative of a disastrous management of the companys finances.

It should be noted, however, that yesterdays news caused the price to skyrocket by 43%, but despite a total increase of 266% since the beginning of July, it has not yet managed to climb back above $0.7.

DOGE Price Analysis

In the last seven days, the price of DOGE has risen by 20%.

The gain rises to +40% if the last thirty days are taken into consideration, and rises to 96% if the last twelve months are taken into consideration.

Therefore, the news of Bit Origin actually had a very limited impact, and it simply became part of a bull trend that started much earlier.

With the strong correction in the early months of 2025, the price of Dogecoin had fallen from $0.46 to $0.14, but by May it had already bounced back, rising at least above $0.24.

Subsequently, there was another correction, much more contained, followed by a new rebound that started about ten days ago, thanks to which it returned again right around $0.24.

This figure is also very close to the peak at the beginning of 2024, even though it is still 68% below the all-time highs of 2021.

However, if the great speculative bubble of 2021 fueled byElon Musk is excluded, the price of DOGE went from $0.004 at the end of 2020 to $0.06 in October 2022, with a very strong increase even net of the bubble.

It then resumed its upward run at the beginning of 2024 when it returned precisely to 0.24$.

Therefore, the bulk of the gains, over the long term, were made from 2020 to 2024, while since then it has started to move primarily as a purely speculative asset, so much so that with the Trump-trande at the end of 2024 it managed to return to $0.46, but shortly after the mini-bubble deflated.

The forecasts on the price of DOGE (Dogecoin): the futures are promising

First of all, it must be said that the future on Dogecoin have reached a new record thanks to a 48% increase in Open Interest this month.

The hypothesis is that the markets are becoming convinced that the bear phase of last month is now behind us, and that perhaps a new bull phase, or a new mini-speculative bubble, might have already begun.

Trading volumes are also recovering, highlighting a return of interest, likely from the whales as well.

It therefore seems that a possible new phase has indeed begun, different from the volatile but not ascending one of recent months.