Should you buy Dogecoin before Thursday’s ETF launch? (Hint: Elon Musk)

Elon Musk’s favourite cryptocurrency Dogecoin, which started as a joke, has been on a rally after the news of first memecoin exchange-traded fund (ETF) to go live as early as Sept.11, Thursday.

On Sep. 9, Bloomberg ETF analyst Eric Balchunas confirmed that the first-ever Dogecoin ETF, DOJE ETF is scheduled to launch this Thursday, September 11, using a regulatory fast-track known as the 1940 Act.

Dogecoin has already shown signs of life this week. The price is up around 7% in the last 24 hours, and trading volume has surged more than 120% as traders position themselves early.

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DOGE price today

DOGE is still 66% low from its highs of $0.73, reached on May 8, 2021. At the time of publication, DOGE was trading at $0.2468.

“First dogecoin ETF appears likely to launch this week,” ETF Store president Nate Geraci said in an X post on Monday. “Get ready. I think we’re in for *wild* next 2 months for crypto ETFs.”

An ETF lets you invest in assets like Dogecoin without directly owning crypto, it trades like a stock. Investors prefer ETFs for easier access, better security, and no need to manage wallets or keys. They’re regulated, familiar, and reduce the risks tied to self-custody of digital assets.

So the real question is: Should you buy Dogecoin before the launch goes live? Let’s break it down.

DOGE technical analysis

Price: $0.24731 (+2.34%) Overall Signal: BUY RSI: Neutral (not overbought yet) Moving Averages: Strong Buy Oscillators: Mostly Neutral Momentum indicators: Turning bullish

RSI measures whether an asset is overbought (>70) or oversold (