Dogecoin Price Eyes $3 Target Amid Grayscale Listing Speculations

Dogecoin price has gained notable attention recently, with its price soaring nearly 4% today during writing. Amid this, Grayscale has sparked further market optimism hinting towards a potential listing for DOGE on its platform, along with other top tokens like TON, and WLD, among others. This move has fueled speculations if the leading meme coin could target the brief $3 mark in the coming days.

DOGE Rally Amid Grayscale Listing Speculations

The leading meme coin, Dogecoin price rallied today, amid a positive sentiment noted in the broader crypto market. This also reflects the growing confidence of the market participants towards the digital assets space.

Amid this, a recent Grayscale update appears to have bolstered the market confidence. In the latest announcement, the leading investment asset management firm has added Dogecoin, Worldcoin, TON, and 32 other crypto to its Asset Under Consideration list.

Meanwhile, the assets under consideration are the “possible candidates” that the firm considers and could witness a potential listing on the platform. However, it’s worth noting that the crypto on that list is still not listed and may not get added as well in the coming days. Notably, Grayscale currently has around 27 tokens under its product suite, which includes Bitcoin, Ethereum, and XRP, among others.

Usually, a listing from these top platforms tends to boost the market sentiment. Besides, Grayscale, being a leading player in the investment sector, could propel a rally in assets with its listing. For instance, XRP price rallied in September after the firm also launched the XRP Trust, indicating the growing confidence of the investors.

Dogecoin Price Targets $3 Target

The recent listing speculations have fueled optimism in the market, with many now anticipating DOGE to hit $3. A recent Dogecoin price analysis cites several broader market conditions and historical trends, and hints that the crypto could soar past the $2 level and hit the $3 target “under the right circumstances”.

This prediction has bolstered market confidence, especially amid a rally in the top meme coins today. As of writing, DOGE price was up 3.79% and exchanged hands at $0.1163, while its trading volume soared 35% to $1.02 billion.

The top dog-themed meme coin has touched a high of $0.1188 and a low of $0.1118 in the last 24 hours. Furthermore, DOGE Futures Open Interest rose over 5% today to $601.91 million, according to CoinGlass data.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.