Dogecoin Marks Best Month Since 2024 With ETF Launch on the Horizon
Dogecoin has staged an impressive rally in September, and veteran trader Peter Brandt says the latest move is nothing short of “huge.”
The meme-born cryptocurrency has surged more than 30% this month, defying the broader market’s seasonal weakness and lining up what could be its strongest performance of the year.
Over the past week, DOGE climbed double digits in a matter of days, extending its winning streak to five sessions – the longest run since last summer. That momentum has lifted the coin back toward levels not seen since July, when a sharp reversal wiped out more than a third of its value in less than two weeks.
September is shaping up very differently. With a 36% gain so far, it has already become Dogecoin’s best month since November 2024, when the token rocketed more than 160% in a matter of weeks. Traders are now watching closely to see if DOGE can reclaim the $0.30 threshold, a level that has repeatedly capped its rallies.
Fueling optimism is the imminent arrival of the first U.S. Dogecoin ETF, set to launch in the coming week. The fund, backed by REX Shares and Osprey Funds, isn’t structured like traditional spot ETFs but still marks a milestone for institutional access to the coin. Market watchers see the launch as a potential catalyst for DOGE to establish firmer ground above key resistance levels.
While the SEC has delayed its decision on Bitwise’s spot Dogecoin ETF—a standard step in the regulatory process—anticipation around the REX-Osprey product has already added energy to the market. With veteran analysts like Brandt pointing to the breakout and institutional products finally opening the door to mainstream investors, Dogecoin’s comeback could be just beginning.
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Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
