Crypto analyst Ali Martinez believes that the launch of a Dogecoin (DOGE) exchange-traded fund (ETF) could send the price of the meme coin to double digits, specifically $15. Martinez supports this view with an analysis of DOGE's weekly candle chart, which suggests that the coin is moving within an ascending channel and has the potential to reach this price target with the help of an ETF. However, reaching this price target would require DOGE to claim a market cap of $2.2 trillion, which is currently more than Bitcoin's market capitalization. Martinez argues that market cap does not matter in crypto, citing the example of XRP's larger market cap than BlackRock, a major asset manager. A DOGE ETF is predicted to have an initial market cap penetration of 3% to 6%, bringing in between $1.6 billion and $3.2 billion in its first year.



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