Dogecoin has bounced back from the support level of $0.21 after facing strong sell pressure. The daily Trading Volume increased by 45% to $2.58 billion after Elon Musk's lawyer Alex Spiro revealed a plan to raise $200 million.
Spiro is directly targeting investors, with an initiative supported by House of Doge, the entity responsible for developing Dogecoin. House of Doge, established by the Dogecoin Foundation in early 2025, has designated this plan as the official Dogecoin project.
Spiro is expected to serve as the chairman of the new public company. Although Musk's role is still unclear, his strong influence in the Dogecoin community continues to shape market sentiment.
The Interest of Organizations in DOGE is Increasing
The Dogecoin initiative follows the general trend of companies shifting towards cryptocurrency funds and building digital currency reserves on their balance sheets. Although Dogecoin still lags far behind Bitcoin and Ether in terms of acceptance, it continues to attract the attention of long-term believers.
In February 2025, Vancouver-based Neptune Digital Assets announced the purchase of 1 million DOGE through a derivative buyback at an average price of $0.37. Along with the buyback, the company also acquired 20 Bitcoins, adding to its diversified cryptocurrency investment portfolio.
In July, Bit Origin, listed on Nasdaq, announced plans to raise up to 500 million dollars in debt and equity to build a Dogecoin fund. This makes the company the first publicly listed firm in the United States to list DOGE publicly as an asset on its balance sheet.
Is Dogecoin Ready for the Next Price Surge?
The fund plan is bringing new optimism, which is essential, as the performance of Dogecoin has been weak compared to other altcoins in recent months. The token has been rejected at the 0.28 dollar level and has traded sideways since then, with the chart consolidating in a symmetrical triangle.
Analyst Ali Martinez believes that the price could surge by 30%—but it could also drop by 30%, depending on short-term developments. Another analyst, Carl Moon, has set a higher target at $0.32, corresponding to a potential increase of 49% from the current level, and the breakout point is $0.11, corresponding to a similarly large loss.
Trader Tardigrade pointed out that the three-day Bollinger Band of Dogecoin is expanding after a squeeze, a setup that often leads to strong price increases. This technical indicator suggests high volatility in the near future.
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Dogecoin Rises: The 200 Million USD Fundraising Plan Could Spark a New Rise Wave?
Dogecoin has bounced back from the support level of $0.21 after facing strong sell pressure. The daily Trading Volume increased by 45% to $2.58 billion after Elon Musk's lawyer Alex Spiro revealed a plan to raise $200 million. Spiro is directly targeting investors, with an initiative supported by House of Doge, the entity responsible for developing Dogecoin. House of Doge, established by the Dogecoin Foundation in early 2025, has designated this plan as the official Dogecoin project. Spiro is expected to serve as the chairman of the new public company. Although Musk's role is still unclear, his strong influence in the Dogecoin community continues to shape market sentiment. The Interest of Organizations in DOGE is Increasing The Dogecoin initiative follows the general trend of companies shifting towards cryptocurrency funds and building digital currency reserves on their balance sheets. Although Dogecoin still lags far behind Bitcoin and Ether in terms of acceptance, it continues to attract the attention of long-term believers. In February 2025, Vancouver-based Neptune Digital Assets announced the purchase of 1 million DOGE through a derivative buyback at an average price of $0.37. Along with the buyback, the company also acquired 20 Bitcoins, adding to its diversified cryptocurrency investment portfolio. In July, Bit Origin, listed on Nasdaq, announced plans to raise up to 500 million dollars in debt and equity to build a Dogecoin fund. This makes the company the first publicly listed firm in the United States to list DOGE publicly as an asset on its balance sheet. Is Dogecoin Ready for the Next Price Surge? The fund plan is bringing new optimism, which is essential, as the performance of Dogecoin has been weak compared to other altcoins in recent months. The token has been rejected at the 0.28 dollar level and has traded sideways since then, with the chart consolidating in a symmetrical triangle. Analyst Ali Martinez believes that the price could surge by 30%—but it could also drop by 30%, depending on short-term developments. Another analyst, Carl Moon, has set a higher target at $0.32, corresponding to a potential increase of 49% from the current level, and the breakout point is $0.11, corresponding to a similarly large loss.
Trader Tardigrade pointed out that the three-day Bollinger Band of Dogecoin is expanding after a squeeze, a setup that often leads to strong price increases. This technical indicator suggests high volatility in the near future.