Recently, the cryptocurrency market has stirred again, with Dogecoin (DOGE) becoming one of the focal points. Supporters led by Tesla CEO Elon Musk continue to voice their support for DOGE, even predicting that its price could reach 1 dollar. Market analysts point out that if Tesla really opens up DOGE payment channels, or if the X social platform integrates DOGE tipping features, it could trigger a new wave of investment enthusiasm, driving the coin's price to rise rapidly.

At the same time, industry insiders have noted that Grayscale Investments has submitted an application for a DOGE ETF. There are views that by 2025, the likelihood of this ETF being approved is considerable. Once regulatory approval is obtained, it is expected to attract a large number of retail investors, further driving up the price of DOGE.

However, some market observers take a more cautious approach. They believe that while DOGE may experience significant gains in the short term, achieving target prices of 1 dollar or even 2 dollars still requires favorable market conditions and investor patience. Some analysts predict that with favorable factors driving it, the likelihood of DOGE reaching 0.7 dollars is relatively high, but this process may take some time.

Nevertheless, investors should remain cautious, closely monitor market trends and relevant policy changes, and rationally assess investment risks. The high volatility of the encryption currency market means that any predictions carry uncertainty, and investment decisions should be based on comprehensive market analysis and individual risk tolerance.