Will Dogecoin Make You Rich Overnight? 🚀🌕

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In the past month, Ethereum has been basking in the warm glow of market capital flows. But now, like a slightly confused waiter at a cosmic diner, the market is signaling potential turning points. And guess who might be next in line for the financial feast? Dogecoin (DOGE). Yes, the cryptocurrency that started as a joke but refuses to take itself seriously even when it’s being deadly serious.

What makes Dogecoin the belle of this particular ball? Well, let’s dive into some updates and see if we can make sense of this galactic circus-or at least laugh while trying.

Retail Investors Flock to DOGE Like Pigeons to Bread Crumbs 🐕🍞

One of the most intriguing indicators for Dogecoin is the Short-Term Holder Supply (STH Supply). This metric is climbing faster than a cat chasing a laser pointer, suggesting that short-term investors are starting to hoard DOGE like it’s toilet paper during an apocalypse.

For those unfamiliar with STH Supply, it measures DOGE held in wallets for less than 155 days. When this number goes up, it means new money is flowing in, often leading to higher buying pressure. Think of it as everyone suddenly deciding they need a ticket to the world’s hottest concert-except instead of Beyoncé, it’s Doge.

Data from Alphractal shows that Dogecoin’s STH Supply surged dramatically during 2017 and 2021-the years when DOGE prices skyrocketed like Elon Musk’s Twitter following. Fast forward to early September 2025, and guess what? The STH Supply is rising again after taking a little nap. While the trend isn’t screaming “BUY NOW!” just yet, it’s whispering sweet nothings about another possible price rally. Or maybe it’s just gas. Hard to tell with cryptocurrencies sometimes.

“Dogecoin could rally if Short-Term Holders’ Supply continues to rise-and it looks like accumulation has already started,” says Joao Wedson, founder of Alphractal. “Historically, every time STH Supply increased, it triggered a violent Bull Market for Doge.” Violent? Sounds more like a soap opera than a stock chart. 📉➡️📈

But wait, there’s more! Another factor fueling the DOGE frenzy is the tantalizing possibility of an approved DOGE ETF. Prediction markets on Polymarket suggest the odds of approval hit over 90% in September-the highest level all year. That’s higher than your chances of finding leftover pizza in a college dorm fridge.

Enter Rex Shares and Osprey Funds, who recently announced the launch of DOJE, an ETF designed to track the performance of our favorite memecoin. According to them, “DOJE will be the first ETF to deliver investors exposure to the performance of the iconic memecoin, Dogecoin (DOGE).” Iconic? Sure, if by “iconic” you mean “accidentally became a global phenomenon.”

Of course, DOJE isn’t a spot ETF like Bitcoin or Ethereum; it’s a 40-Act ETF, which apparently speeds things up. Because nothing says “cutting-edge technology” like regulatory paperwork. Meanwhile, the SEC is still pondering applications for a spot Dogecoin ETF from Grayscale, Bitwise, and 21Shares. At this rate, they’ll probably approve it right after humans colonize Mars.

And then there’s the technical analysis crowd, pointing out an expanding wedge pattern that hints DOGE prices could soar to $1.4 by year’s end. If true, that would be fantastic news for anyone holding DOGE-or terrible news, depending on whether you bought high and sold low. As always, tread carefully, dear reader. Cryptocurrency trading is not for the faint of heart-or the overly optimistic.

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2025-09-08 11:32