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Grayscale asset manager He became the third to archive a dogecoin Etf, triggering a bullish feeling in the doge community. This development has also increased the possibility that the price of dogecoin gather at $ 1 quite soon.
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Grayscale’s Etf Dogecoin has deposited doge’s optimism at $ 1
Grayscale’s ETF Dogecoin deposit has aroused optimism of a $ 1 Rally Doge. The New York Stock Exchange has already presented the Form 19b-4 With the US sec to list and exchange Grayscal’s Doge Trust actions. Gray scale He is trying to convert trust into an ETF, which will make it negotiable on the Nyse.
This Dogecoin ETF storageWhich is the third that follows that of Rex and Betwise actions, has further aroused optimism that Doge could actually reach the psychological level of $ 1 The main meme coin.
These fundamentals could act as a catalyst for price forecasts made by encryption analysts such as Tradigrade traderWhich provided that Doge could gather above the sign of $ 1 Its accompanying table showed that the main meme currency could climb over $ 1 and reach $ 3.8 when this gathering occurs.
The news on the ETF dogecoin could arouse a bullish reversal for the dogecoin price, with this already imminent reversal. In another post X, the Tardigrade merchant revealed that Macd Golden Cross is approaching Doge Macd. With the ascending triangle model and the highest consecutive minimums, the analyst also observed that the meme currency could potentially reverse the trend downward in a tendency to rise.
The dog -up tendency could start this February
In a recent post X, Crypto analyst Master Kenobi He suggested that the Dogecoin rise tendency could start this February. This came when the analyst mentioned Doge’s performance last year. He noticed that on February 4th he marked the first signs of an upward trend. With the month of February here again, Maestro Kenobi raised the possibility that the story would repeat itself.
However, it is worth remembering that February is not exactly a historically bullish month for Dogecoin. Since its launch in 2013, the main meme currency has only recorded an average monthly profit of 0.81% in February. However, as these analysts have suggested, there is still the possibility of a dog rebound this month, replicating the 50% earnings recorded in February last year.
In front of this potential rebound of the dogecoin price, Dogecoin Whales They actively accumulated. The cryptocurrency analyst Ali Martinez revealed that these whales have accumulated 560 million doge last week, which reports a renewed interest from the great holders.
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At the time of the drafting, the dogecoin price is exchanged at around $ 0.32, down almost 1% in the last 24 hours, second data from Coinmarketcap.
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