{"content":"🐕‍🔥 8 Million Holders & Counting — Dogecoin Prepares to Unleash a New Supercycle Dogecoin (DOGE) is unusual in crypto since it combines multiple desirable characteristics. This US altcoin and meme currency made several investors billionaires. Meanwhile, DOGE pricing is closely tied to Ethereum. These characteristics and on-chain data have caused many investors to forecast DOGE to start a parabolic bull cycle in 2025. Dogecoin's growth, correlation, and MVRV suggest bullishness. Dogecoin (DOGE) holders reached an all-time high of 8 million in August, according to Santiment statistics. Since 2025, this number has risen by almost 1 million. Additionally, Dogecoin adoption in 2025 is quicker than previous year. It took a year to gain 1 million holders in 2024, but seven months in 2025. DOGE's MVRV ratio is another consideration. MVRV compares the total worth of all coins at today's market price to what investors paid for them, showing whether holders are profitable or losing money. Also important is DOGE's high link with Ethereum (ETH). Comparing the two pricing charts over three years shows their similarities. Close association with the second-largest crypto asset by market size is beneficial. ETH buildup continues. This tendency may boost DOGE. In the previous week, DefiLlama found a 0.87 connection between the altcoins. Swissblock said ETH leading DOGE bodes well for a further surge. Understanding DOGE in the context of ETH and how it promotes risk-taking is crucial. Historically, DOGE leadership is explosive and unsustainable. Swissblock observed that ETH leads and DOGE follows, making it more sustainable. The SEC has postponed many spot ETF applications until October 2025, yet betting site Polymarket estimates a 75% chance of a DOGE ETF clearance in 2025. The rise in DOGE holdings, correlation with ETH, low MVRV ratio, and ETF expectations are optimistic. But investors must also weigh the negative. DOGE has fallen 60%–90% during downturn markets since 2020. #DOGE #PowellWatch #MarketPullback #Write2Earn $DOGE ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/20/42b1f5b4cbc54c2b837f42451bef7b4d.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}