Dogecoin soared 3.79% today, driven by explosive speculation surrounding a possible Grayscale listing. DOGE is targeting a $3 price target, and market optimism continues to rise amid increased trading volume and bullish sentiment.
Grayscale speculation fuels Dogecoin rally
The price of Dogecoin, a leading meme coin, soared today amid strong sentiment across the crypto market. This also reflects the growing confidence of market participants in the digital asset industry.
Nevertheless, market confidence seems to have increased with recent Grayscale updates. Dogecoin, Worldcoin, TONNE, and 32 other cryptocurrencies are currently listed as assets under consideration by top investment asset management firms.
Dogecoin is among 32 assets Grayscale is considering listing
At the same time, the assets being considered are those that the company considers to be “possible candidates” for listing on the platform. Please note that the cryptocurrencies mentioned above are not yet listed and may not be added in the near future.
Notably, Coingape shared that XRP, Ethereum, Bitcoin, and 27 others are all part of Grayscale’s product package at this time.
Market optimism grows, focus on Dogecoin target of $3
A listing from one of these large sites usually has a positive impact on the market. The investment firm is a frontrunner in the industry, so its listing could boost asset prices. Showing growing investor confidence, XRP prices soared in September after the launch of XRP Trust by Grayscale.
Recent listing predictions have added to the market’s optimism, with many now expecting DOGE to reach $3. Based on a number of historical trends and current market conditions, Dogecoin’s new price study finds that “under the right circumstances” the cryptocurrency could surpass the $2 mark and reach the $3 mark. Suggests.
Dogecoin price rises by 3.79% and trading volume surges
This outlook adds to the market’s optimism, especially considering today’s rally in major meme currencies. Trading volume increased by 35% to $1.02 billion, and DOGE price increased by 3.79% to $0.1163 at the time of writing.
The 24-hour price range for the top dog meme currency was $0.1118 to $0.1188. DOGE futures open interest also increased today, rising more than 5% to $601.91 million, according to CoinGlass data.
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