Sharp growth of Dogecoin rate explained by Decrypt experts
Date: 2025-07-23 Author: Henry Casey Categories: CRYPTO PAYMENTS
Zach Pandl, head of research at Grayscale, noted that the adoption of a new law on stablecoins by US President Donald Trump had a positive effect on the cryptocurrency market as a whole, as well as on large memecoins, including Dogecoin. This legislative change became one of the triggers for increased investor interest.
Katie Talati, head of research at the Arca fund, told Decrypt in an interview that after a period of profit-taking in Bitcoin and Ethereum, many investors began to redistribute their investments into smaller and more volatile coins. At the same time, Dogecoin's wide presence on major crypto exchanges maintains liquidity and strengthens the asset's position.
An additional growth factor was the information that the mining company Bit Origin, registered on Nasdaq, decided to form a reserve in Dogecoin in the amount of $500 million. Such a strategic decision, according to experts, demonstrates the confidence of institutional players in the prospects of the memecoin.
The market is also influenced by the activity of several large companies, including Rex Osprey, Canary Capital and 21Shares, which have submitted applications to the SEC (US Securities and Exchange Commission) to launch ETFs focused on Dogecoin. Experts estimate the likelihood of approval of these products at more than 90%, which further stimulates the growth of interest in the coin.
Earlier, Dogecoin Cash (DOGP) announced the creation of a subsidiary, Dogecoin Treasury (DTI), which will be engaged in the development and scaling of the Dogecoin ecosystem, which also has a positive effect on the dynamics of the rate.
Thus, a set of legislative initiatives, the activity of institutional investors and the expansion of the infrastructure around Dogecoin contribute to a significant increase in the popularity and value of this memecoin.
