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Asset manager Grayscale<\/span><\/a> has become the third to file to offer a Dogecoin ETF, sparking a bullish sentiment in the DOGE community. This development has also raised the possibility of the Dogecoin price rallying to $1 soon enough.\u00a0<\/span><\/p>\n Grayscale\u2019s Dogecoin ETF filing has sparked optimism of a DOGE rally to $1. The New York Stock Exchange already filed the <\/span>19b-4 form<\/span><\/a> with the US SEC to list and trade shares of Grayscale\u2019s DOGE Trust. <\/span>Grayscale<\/span><\/a> is looking to convert the Trust into an ETF, which will make it tradeable on the NYSE.\u00a0<\/span><\/p>\n This <\/span>Dogecoin ETF filing<\/span><\/a>, which is the third following the one from REX Shares and Bitwise, has further sparked optimism that DOGE could indeed reach the psychological $1 level. A potential Dogecoin ETF is bullish as it would drive institutional inflows into the DOGE ecosystem, sparking further rallies for the foremost meme coin.\u00a0<\/span><\/p>\n Such fundamentals could serve as the catalyst for price predictions made by crypto analysts like <\/span>Trader Tradigrade<\/span><\/a>, who predicted that DOGE could rally above the $1 mark. In an X post, the crypto analyst remarked that the Dogecoin price is gearing up for a massive rally. His accompanying chart showed that the foremost meme coin could surge past the $1 mark and reach $3.8 when this rally occurs.\u00a0<\/span><\/p>\n<\/p>\n News around the Dogecoin ETF could spark a bullish reversal for the Dogecoin price, with this reversal already looking imminent. In another X post, Trader Tardigrade revealed that DOGE\u2019s MACD Golden Cross is approaching. With the ascending triangle pattern and consecutive higher lows, the analyst further remarked that the meme coin could potentially reverse the downtrend into an uptrend.\u00a0<\/span><\/p>\n In a recent X post, crypto analyst <\/span>Master Kenobi<\/span><\/a> suggested that Dogecoin\u2019s uptrend could begin this February. This came as the analyst alluded to DOGE\u2019s performance last year. He noted that February 4th marked the first signs of an uptrend. With the month of February here again, Master Kenobi raised the possibility of history repeating itself.\u00a0<\/span><\/p>\n However, it is worth mentioning that February isn\u2019t exactly a historically bullish month for Dogecoin,. Since its launch in 2013, the foremost meme coin has recorded only an average monthly gain of 0.81% in February. However, as these analysts have suggested, there is still the possibility of a DOGE rebound this month, replicating the 50% gain recorded in February last year.<\/span><\/p>\n Ahead of this potential Dogecoin price rebound, <\/span>Dogecoin whales<\/span><\/a> have been actively accumulating. Crypto analyst Ali Martinez revealed that these whales have accumulated 560 million DOGE in the past week, which signals a renewed interest from large holders.\u00a0<\/span><\/p>\nRelated Reading<\/span><\/h2>\n<\/p>\n
Grayscale\u2019s Dogecoin ETF Filing Sparks Optimism Of DOGE\u2019s Rally To $1<\/b><\/h2>\n
DOGE\u2019s Uptrend Could Begin This February<\/b><\/h2>\n
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<\/p>\nRelated Reading<\/span><\/h2>\n<\/p>\n