Dogecoin (DOGE) received a strong boost recently after becoming the first meme coin to get its own exchange-traded fund (ETF).

In the past 30 days, the token has booked a 12% gain as REX-Osprey managed to get its Dogecoin ETF ($DOJE) listed. This is a significant divergence from the market’s overall performance, as the combined market cap of meme coins rose by just 0.3% during that same period.

Data from the company’s official website indicates that this vehicle has been off to a relatively slow start, having attracted just $7 million since it hit the trading floor on Thursday.

Comparatively, the firm’s XRP-linked ETF, launched on the same day as $DOJE, has already surpassed the $30 million mark in assets under management.

Elon Musk's lawyer Alex Spiro set to chair $200 million Dogecoin treasury – Fortunehttps://t.co/Jgkl5gWZgN

— Dogecoin (@dogecoin) August 29, 2025

In late August, Elon Musk’s lawyer said he was willing to back a Dogecoin treasury that would supposedly acquire $200 million worth of the token. Although the proposal has not materialized yet, it would be an interesting step to boost the project’s credibility.

DOGE Eyes Retreat to $0.20 – Can It Bounce Back?

Dogecoin has no use case but boasts a strong community of like-minded supporters. Despite criticism from analysts about its lack of utility, it has progressively grown to become the 8th largest token in the industry with a market cap of $37 billion.

Based on the latest price action, it seems highly likely that DOGE could hit the $0.20 mark in the near term as the price rejected a move above $0.29 once again.

Trading volumes confirmed this rejection along with the Relative Strength Index (RSI), as the latter has sent a sell signal upon crossing below the 14-day moving average.

The 200-day exponential moving average (EMA) stands in the way as well and could act as a cushion if bearish momentum accelerates. Below these two supports also lies a trend line from which DOGE could bounce if the downturn continues.

The abundance of demand zones down the road increases the odds of a strong bounce at any given point. If that’s the case, we could see DOGE advancing toward $0.29 again and climbing much higher if interest in memes comes back.

Altcoin season has started, and the meme category should benefit from this trend. Although it does not appear to be their turn yet, market cycles tend to repeat and follow historical patterns. Once meme coins take center stage, the availability of a DOGE ETF could help fuel a strong rally toward $0.45 at least.

Meanwhile, although DOGE’s upside potential seems limited at the time, a new crypto presale called Maxi Doge ($MAXI) has captured investors’ attention and has pulled in over $2 million in just a few weeks.

Maxi Doge ($MAXI) Turns Leverage Into a Meme-Driven Community Game

Maxi Doge ($MAXI) is the kind of Shiba that doesn’t nap – it lives for volatility. This token takes the classic doge meme and pushes it into overdrive, building a community around retail traders who want to play the markets like the big boys.

At the heart of $MAXI is the Maxi Fund – a degen-friendly trading hub that uses 1000X to boost the size on high-alpha trades. Up to 25% of the presale’s proceeds will go to this fund, and the rewards will be distributed among holders.

Meanwhile, the project creates a sense of belonging among investors through Community Alpha, a hub where traders share high-leverage strategies, compete in weekly challenges, and flex their ROI gains.

Presale buyers can reap the project’s high staking rewards and get the chance to win prizes as they climb the leaderboard, turning the token into an arena for traders instead of just a meme.

With nearly $2.5 million raised in just a few weeks, Maxi Doge is rapidly moving into the spotlight as altcoin season hits.

To join the pack, head to the official Maxi Doge website, connect your wallet, and grab $MAXI by either swapping ETH or USDT or by swiping a regular bank card.