Third Dogecoin ETF Filing Goes Live From Grayscale, Is DOGE Gearing Up For Rally To $1?
Asset manager gray gray It has become the third place to provide Dogecoin ETF, which has caused a bullish mood in the Doge community. This development also increases the possibility of Dogecoin price rally to $ 1.
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Dogecoin ETF Archives of Dogecoin ETF is optimistic to $ 1
Grayscale’s Dogecoin ETF application has increased the optimism of Doge Rally to $ 1. The New York Stock Exchange has proposed 19B-4 form As the US SEC lists the stock and transaction share of GrayScale Doge Trust. Gray It is hoped to convert a trust to ETF, which will make the transaction on the New York Stock Exchange.
this Dogecoin ETF filingThis is the third of Rex stocks and positions, which further triggers optimism. Doge can indeed reach the level of psychological $ 1. The potential Dogecoin ETF is optimistic, because it will flow into the Doge ecosystem, which will cause further rally for the most important coin.
Such fundamentals can be used as catalysts such as encrypted analysts such as encrypted analysts Traders trading industryThey predict that Doge may exceed $ 1. In the X post, encrypted analysts pointed out that the price of Dogecoin is preparing for large -scale rally. The attached chart shows that the most important coin may exceed $ 1 and reaches $ 3.8 during the rally.
News around Dogecoin ETF may be reversed at the price of dog coins, and this reversal seems to be coming. In another X post, Trader TARDIGRADE revealed that the Macd Golden Cross of Doge is about to approach. Through the rising triangle model and high continuous low, analysts further pointed out that the cause of coins may reverse the decline trend into a upward trend.
The upward trend of DOGE can start in February this year
In the recent X post, encrypted analysts Master Kenobi It is recommended that Dogecoin’s upward trend can begin in February this year. This is because analysts suggest the performance of Doge last year. He pointed out that February 4th was the first sign of the upward trend. One month in February, Master Kenobi improved the possibility of repeating history.
However, it is worth mentioning that February is not the history of Dogecoin’s history. Since its launch in 2013, the average monthly earnings of the most important coin in February were 0.81 %. However, as these analysts recommend, the governor of rebounds is still possible this month to copy the 50 % gain recorded in February last year.
Before this potential Dogecoin price rebounded, Dog whale Always accumulated. Ali Martinez, an encrypted analyst, revealed that these whales have accumulated 560 million Manos in the past week, which shows that the interest of large holders is interested in re -interest.
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When writing this article, the transaction price of the price of Dogecoin was about $ 0.32, which has dropped by nearly 1 % in the past 24 hours. data From Coinmarketcap.
Charts from unsplash characteristic images, tradingView
