The Dogecoin market has experienced a significant rebound in recent weeks, with the meme coin’s valuation reaching $56.16 billion, a boost of 17.42% from its starting point of $47.66 billion over the past 30 days. This surge is attributed to growth in DeFi applications and increasing institutional investment interest. Despite experiencing a sharp drop of 30.86%, Dogecoin remains bullishly poised, with an intraday trading volume of $917 million on April 27th, 2023. This month-long rise has been highlighted by a positive increase in the sentiment surrounding the altcoin’s future, and analysts believe it may continue to perform well throughout May. A key factor driving this prediction is the upcoming listing of 21Shares Dogecoin ETF on NASDAQ, which could significantly impact the price action of DOGE in the coming month. 2025 will reveal if Dogecoin manages to maintain this momentum or falters against its bearish counterpart.