Senior Bloomberg ETF analyst James Seyyfart predicts a 75% chance of a Dogecoin spot ETF approval this year.

Excitement is high as investors brace for significant institutional inflows into Dogecoin for the first time. So is it a good time to buy, or could the new meme coin BTC Bull Token be a better investment?

DOGE ETF Has Higher Approval Odds Than SOL, XRP

Due to the lack of promises of meme coins and the fact that the SEC likely views them as commodities rather than securities, James Seyyfart believes that Dogecoin ETF has a higher odds of approval than other contenders, Solana and XRP.

He notes that the spot ETF filings for Dogecoin have yet to be acknowledged by the SEC, but he suspects this will occur later this week.

So far, Grayscale and Bitwise have each applied for a Dogecoin spot ETF. Grayscale already offers an institutional-focused investment fund called Grayscale Dogecoin Trust. However, it has just $2 million in assets under management because it only launched in late January. 

Moreover, the trust charges a 2.5% management fee. In comparison, the ETF fee will be around 0.2% if it follows Bitcoin and Ethereum’s ETF fee structure.

Raoul Pal Says DOGE ETF Will Get $30B Inflow

Prominent macro trader and crypto enthusiast Raoul Pal anticipates a huge rally for Dogecoin should the ETF be approved.

“I cannot see a world where a DOGE ETF is not phenomenally successful – it’s going to get $30 billion of capital,” he said.

Given that Dogecoin’s entire market cap is $39 billion, the $30 billion inflow target would see the DOGE price at least 2x from its current yearly high, or potentially a lot more. It’s important to underline that capital inflows differ from market cap growth. Capital inflows potentially weigh a lot heavier on an asset’s upward potential.

While Pal doesn’t provide an exact Dogecoin target, we could expect DOGE to reach a minimum of $1 if it achieves $30 billion in inflows. DOGE has already hit $0.43 last month before the bull market peak and without ETFs.

But based on its price chart, prominent crypto analyst Trader Tardigrade suggests it could go even further. According to the analyst, we could see DOGE hit highs of $2.2 this cycle.

Considering that Dogecoin reached $0.73 in 2021 at a time when meme coins were fringe assets, and DOGE didn’t have an ETF, a 3x of last cycle’s high is certainly within reason, especially if the ETFs are in demand.

With this in mind, our Dogecoin price prediction estimates a conservative price target of $1 and an optimistic target of $2.2.

From its current price, this could give Dogecoin almost 10x gains. However, timing the exact top is hard, so many traders are unlikely to sell for maximum profits.

This is why a lot of meme coin investors favor newer projects with more room for growth. One of the most popular emerging meme coins is BTC Bull Token.

BTC Bull Token Backed For 100X Gains After Raising $550K in 48 Hours

BTC Bull Token is the first crypto to pay real Bitcoin rewards.

Imagine owning a meme coin that pays you free BTC every time Bitcoin reaches a key milestone on its path to $1 million.

In addition, holders will receive $BTCBULL tokens, which will add to their position sizes and potentially provide them with substantial profits.

While meme coins like Dogecoin do nothing except instill humor, BTC Bull Token is rewarding its community’s loyalty.

Two other core features are staking and burning, which ensure that the token has similar scarcity-focused tokenomics to Bitcoin and help to grow its value over time.

All of this is drawing attention from top industry experts. In a recent analysis, Crypto Boy told his 55K followers that the project has 100x potential.

BTC Bull Token is undergoing a presale and has raised $550K in its opening 48 hours. 

The current price is $0.002355, but this will rise in three days or when the total raise hits $5 million.

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