DOGE Sees First ETF Inflows in Weeks as Bulls Eye $1 Target

Dogecoin's fortunes may be changing as it records its first ETF inflows in weeks, according to data from BSCN.

The $863,000 net inflows into spot Dogecoin ETFs in June mark a welcome return of institutional interest in the meme coin. Although the figure remains modest compared to more prominent cryptocurrencies like Bitcoin and Ethereum, it suggests that some investors continue to monitor DOGE despite its recent weakness.

Analysts point to historical patterns that could support another major advance for Dogecoin. Trader Tardigrade's analysis suggests that DOGE has reached a breakout phase in its cycle, potentially paving the way for a major gain. KrissPax takes a longer-term view, predicting a potential peak in 2028 and a possible target price of $1 or even $2.

Risks remain, however, including continuous supply growth that dilutes existing coins and competition from newer meme coins. Nevertheless, the recent inflows and bullish chart projections have revived hopes for Dogecoin's prospects.