Grayscale Files Third Dogecoin ETF Application Amid Price Rally Hopes

Grayscale Files for Dogecoin ETF

Grayscale has filed to offer a Dogecoin ETF, becoming the third entity to do so.
The New York Stock Exchange has submitted a 19b-4 form to the US SEC for Grayscale's DOGE Trust listing.
This development has led to optimism about Dogecoin (DOGE) reaching $1.
Previous filings include those from REX Shares and Bitwise.
Analysts predict potential institutional inflows could boost DOGE prices.
Crypto analyst Trader Tardigrade forecasts DOGE may surge past $1, potentially reaching $3.8.
A recent MACD Golden Cross pattern signals a possible uptrend for DOGE.

Potential Uptrend in February

Analyst Master Kenobi suggests that an uptrend for DOGE may begin in February, referencing last year's patterns.
Historically, February has shown minimal gains for DOGE, with an average of 0.81% since its launch.
Despite this, there is a chance for a rebound similar to the 50% gain observed in February last year.
Dogecoin whales have accumulated 560 million DOGE recently, indicating renewed interest among large holders.

Currently, DOGE is trading at approximately $0.32, down nearly 1% in the last 24 hours.