Dogecoin To A Dollar? ETF Filing Just Increased The Chance By 7 Percentage Points, Kalshi Traders Speculate

Dogecoin's DOGE/USD recent surge in whale activity, coupled with the filing of a DOGE Exchange-Traded Fund (ETF), has bolstered market sentiment, sending its odds on prediction markets higher.

What Happened: Kalshi betting markets have adjusted their odds, with the likelihood of DOGE hitting $1 before September 2025 climbing 7 points to 33%. The probability of achieving this milestone by January 2026 stands at 36%.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin DOGE/USD	$0.3836	$56.6 billion	+6.4%	+7.5%
Bonk BONK/USD	$0.00003529	$2.7 billion	+16.2%	+28.6%
OFFICIAL TRUMP TRUMP/USD	$39.45	$7.9 billion	-5.3%	+506.4%

Trader Notes: Crypto analyst Ali Martinez highlighted a long-term ascending parallel channel on Dogecoin's macro chart, signaling a bullish price target of $15.

#Dogecoin $DOGE appears to trade inside a multi-year ascending parallel channel that projects a bullish target of $15! pic.twitter.com/HjOSWycW6v

— Ali (@ali_charts) January 20, 2025

Echoing this sentiment, Trader Tardigrade pointed out a compelling bullish pattern on DOGE's macro chart, predicting “exciting times” for the meme coin.

Trader Cephii advised that those who missed buying DOGE in 2021 should consider entering now, stating that "WOW is coming."

Statistics: Data from Whale Alert revealed a significant transaction: 400 million DOGE (valued at $137.8 million) was transferred from an unknown wallet to Binance.

This move has fueled speculation on Crypto Twitter, with many traders debating whether it signals an impending price rally for Dogecoin.

Community News: Amid the excitement surrounding Donald Trump's inauguration, REXShares and Osprey jointly filed with the SEC for a suite of crypto ETFs, including DOGE, BONK and TRUMP, further amplifying the buzz around Dogecoin's potential growth.

Read Next: 

• Dogecoin Rallies 10% To 41 Cents: How High Can DOGE Go?

Image: Shutterstock