Both DOGE and Ripple’s XRP have been navigating a volatile crypto market alongside Bitcoin, which continues to hover below the $100,000 threshold. Each token experienced price corrections, with DOGE dropping 2.43% and XRP losing nearly 5% over the past day.
However, analysts believe Dogecoin could have the upper hand in the next altcoin rally, with growing institutional interest fueling its momentum.
Trump’s Truth.Fi to Offer Doge and XRP in Made In America ETF?
Donald Trump’s media empire is making a bold foray into the investment world, fusing the core pillars of the MAGA movement—Bitcoin adoption, U.S. energy independence, and a manufacturing renaissance—into a suite of exchange-traded funds (ETFs) and separately managed accounts (SMAs).
Trump Media and Technology Group (TMTG), the parent company of Truth Social, has filed trademark applications for a new financial venture under the “Truth.Fi” brand. The planned offerings include:
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Truth.Fi Made in America ETF & SMA
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Truth.Fi U.S. Energy Independence ETF & SMA
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Truth.Fi Bitcoin Plus ETF & SMA
According to a Feb. 6 announcement, TMTG is positioning these funds as an antidote to what it calls “woke funds” and financial institutions engaging in “debanking.” Devin Nunes, chairman of TMTG and former Republican congressman, framed the initiative as a direct challenge to ESG-driven investing, emphasizing support for American industry and free-market finance.
A particularly intriguing piece of this puzzle is the Made in America ETF, which could become a flagship vehicle for U.S.-based crypto firms and digital assets. The fund might hold American digital assets like Ripple’s XRP, Solana, Dogecoin, and the U.S.-issued stablecoin USDC, functioning as a domestic digital asset reserve in ETF form.
“We’re backing investments in American energy, manufacturing, and industries that provide a strong alternative to the ESG-dominated landscape of Wall Street,” said Nunes. “That also includes exploring strategies related to Bitcoin.”
Trump’s Truth.Fi ETFs Source: X
Neptune Digital Assets Invests in DOGE
Neptune Digital Assets, a publicly traded Canadian blockchain firm, has made a bold move by acquiring 1 million DOGE as part of a strategic investment. The company acquired the tokens on December 27, 2024, at an average of $0.37 per DOGE for an approximate cost of $370,000. In contrast, DOGE is hovering at about $0.2666; thus, Neptune’s investment is almost down by about 28% today.
Canadian firm Neptune announced that they’ve acquired 1,000,000 Dogecoin (DOGE) and 20 Bitcoin (BTC) on February 4. Source: Neptune Digital Assets
Despite the short-term losses, the firm is still very bullish on its crypto portfolio. Neptune also increased Bitcoin holdings by adding 20 BTC between Jan 26 and February 3. In total, it holds 376 BTC with a value of more than $36 million.
With this purchase, Neptune becomes the second publicly traded company to invest in the cryptocurrency after Spirit Blockchain acquired DOGE last year. Spirit is now planning to increase its holdings through a $3 million fundraiser, signaling growing institutional confidence in the meme-based cryptocurrency.
Watch – Dogecoin Price Analysis
Spot Dogecoin ETF: A Game Changer?
The potential launch of a Spot Dogecoin Exchange-Traded Fund in the U.S. is highly followed by the crypto community. Major firms such as Bitwise, Osprey Funds, and Rex Shares have filed with the SEC to issue similar products concerning Dogecoin after the approval of Spot Bitcoin ETFs in early 2024.
Despite market downturns and liquidations, DOGE’s ETF application, backed by Musk’s support, fuels optimism for a breakout above $0.30. Source: CoinOrbitX via X
Historically, ETFs have brought rallies in the prices of these assets, which happened with Bitcoin too, especially with the 2024 bull run due to eventual approval of a Spot Bitcoin ЕTF. Consequently, approval of a Spot DOGE ETF must be the commencement of real big institutional acceptance, corresponding appreciation included.
XRP Faces Headwinds Amid Bearish Indicators
While DOGE sees growing institutional interest, the challenges continue to increase for XRP. The trend of the token is still bearish, and technical indicators are pointing to further declines. The RSI is positioned at 38 and keeps sloping downwards, while the MACD is showing red histogram bars, indicating negative momentum.
Its future path, to a great degree, is extrinsically determined by events such as Bitcoin’s price action, the ongoing case between Ripple and the SEC, and most importantly, whether an XRP Spot ETF gets approved. While DOGE has relatively fewer regulatory hurdles in place, XRP is still fighting some battles in court that might influence investor perception and institutional acceptance.
Analysts Weigh in on DOGE’s Potential Breakout
Meanwhile, crypto analysts begin to turn more optimistic over the potential of Dogecoin to outperform other altcoins. One such technical analysis by Crypto Paradise illustrates a descending channel pattern—an imminent upside breakout is about to occur. The analyst says that DOGE has just printed a bullish engulfing candle at crucial support showing really strong upward momentum.
A potential bullish breakout above the $0.30 level will unlock Dogecoin’s potential for further gains. Source: TradingShot on TradingView
Another analyst, Master Kenobi, outlined two possible scenarios of DOGE’s price action. In the first scenario, DOGE could follow last year’s pattern and peak by the end of February. The second scenario suggests that DOGE might mirror its August 2024 phase, where a prolonged consolidation period led to a sixfold increase in price. If history repeats itself, DOGE could rally as high as $1.25 by mid-April or May.
Will Dogecoin Lead the Next Altcoin Season?
Historically, altcoin seasons have seen 75% of the top 50 altcoins outperform Bitcoin over 90-day periods. Given the growing interest from institutional investors and the possibility of a Spot DOGE ETF, many analysts believe Dogecoin could spearhead the next altcoin rally.
Dogecoin (DOGE) was trading at around $0.26, down 2.20% in the last 24 hours at press time. Source: Brave New Coin
Meanwhile, XRP’s outlook remains uncertain due to legal challenges and bearish technical indicators. While both assets have strong communities and use cases, Dogecoin appears to have the upper hand in the short term, thanks to increasing institutional adoption and bullish market sentiment.
As the crypto market continues to evolve, investors will be closely watching whether Dogecoin can maintain its momentum and outshine XRP in the months ahead. If the Trump Truth.Fi Made in America ETF includes Dogecoin and XRP that will be a 2025 game-changer. Adjust your timelines and upgrade your price predictions. For now, patience is required.
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