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Dogecoin prices have fallen 2.5% in the last 24 hours, with Meme Coin falling to $0.1751 in news that the SEC has delayed its decision on the Bitwise Doge ETF.
Doge is down 4% in a week, while Altcoin, the eighth largest coin in the market, is up 8.5% in a month and 26% in a year.
Also, news of the SEC delay could be bad news for some, but analysts were hoping for a postponement. The regulator has already closed its final deadline for the Dogecoin ETF in October.
So Doge remains as well positioned as before the latest delays, and the long-term price forecast for the tokens still looks strong.
Dogecoin Price Prediction: SEC Delays ETF Decisions – What Traders Should See Now
Bitwise first submitted its Dogecoin ETF application in late January, riding a wave of optimism following Donald Trump’s inauguration that month.
The ETF submitted a 19B-4 proposal last month that NYSE Arca would list and trade stocks, enjoying some good news to get closer to approval.
However, a delay in the SEC means that you will have to wait until at least June 17th for a decision from the regulator, but in theory it could remain delayed until October.
And while the price of dogcoin might give the impression that the market responded negatively to the news, many analysts expected a delay.
And if you look at Polymarket, you can see that there is an odds of “Doge ETF approved in 2025.” The market is actually rising today, rising from 52% five days ago to 69% at the time of writing.
This puts Doge in a good position, and today’s chart also shows signs of recovery after months of stagnation.
For example, its relative strength index (purple) has recently risen above 50 and remains rising, indicating that it has entered a new phase.
Similarly, the 30-day moving average (orange) has risen again after cutting the bottom a few days ago, increasing the likelihood of it rising towards the 200-day average (blue).
It highlights GogeCoin’s medium-term price target of $0.30, and it is likely that improvements in global trade will support it towards this level.
And in the long run, it could reach $0.70 by the end of the year, especially if Bitwise’s Doge ETF has been approved.
This new Altcoin could surpass the overall market this summer
Unless your Bitwise application is successful, there is still a chance that you won’t see Dogecoin being of much help. In that case, some traders may choose to diversify into new tokens that may pick up slack.
This includes new meme coins such as Pudgy Penguins (Pengu) and Fartcoin (Fartcoin), but also pre-pre tokens.
And perhaps the biggest pre-sale coin currently is Solaxy (Solx). The Solana-based token has raised a very impressive $32.4 million in ongoing sales.
Solaxy is hitting a supernova!
I grew 32m!!
pic.twitter.com/0owzek5vtm
-solaxy (@solaxytoken) April 27, 2025
Solaxy is Solana’s first True Layer-Two network, offering extremely low rates and ultra-fast check times.
Solaxy also plans to enable Instant Bridges and Solana, and the platform plans to increase compatibility with other chains in the long run.
Given that Solana has experienced crowds and has failed transactions, there is clearly space to grow as Solaxy becomes so prominent, even after a recent upgrade.
Native Token Solx pays for the transaction fee, but the owner can also bet on it, giving it a considerable amount of usefulness.
Investors can take part in the sale by going to the Solaxy website and connecting a wallet such as Best Wallet.
Solx is currently available for $0.00171, but this will increase again in two days, so traders need to act quickly.
Post Dog Coin Price Prediction: SEC DELAYS ETF Decisions – What Traders Must Watch came first on Cryptonews.
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