Dogecoin has been gaining significant traction lately, with its price jumping nearly 4% today at the time of writing. In this context, Grayscale has further fueled market optimism, hinting at the possibility of listing DOGE on its platform, alongside other leading tokens such as TON and WLD, among others. The move has fueled speculation as to whether the top meme coin could target $3 in the coming days.
Dogecoin Price Soars Amid Grayscale Listing Speculation
The top meme coin, Dogecoin, has seen its price rise today amid the positive sentiment recorded in the cryptocurrency market in general. This also reflects the growing confidence of market participants in the digital asset space.
In this context, Grayscaleâs recent update seems to have bolstered market confidence. In its latest announcement, the leading investment asset management firm added Dogecoin, Worldcoin, TON, and 32 other cryptocurrencies to its list of Assets Under Review.
Meanwhile, the assets under consideration are âpotential candidatesâ that the company is considering and could see a potential listing on the platform. However, it is worth noting that the cryptocurrencies on that list have not yet been listed and may not be added in the coming days. Notably, Grayscale currently has around 27 tokens in its product suite, including Bitcoin, Ethereum, and XRP, among others.
Typically, listings from these leading platforms tend to boost market sentiment. Additionally, the investment firm, being a leader in the investment space, can drive an asset price rally with its listing. For example, XRP prices rose in September after Grayscale launched its XRP Trust, indicating growing investor confidence.
DOGE Targets $3
Recent listing speculation has fueled optimism in the market, with many now predicting DOGE will hit $3. A recent Dogecoin price analysis cites a number of broader market conditions and historical trends, and suggests that the cryptocurrency could surge past $2 and hit a target of $3 âunder the right circumstances.â
This prediction has bolstered market confidence, especially amid todayâs rally in top meme coins. As of press time, DOGEâs price was up 3.79% to $0.1163, while trading volume jumped 35% to $1.02 billion.
The top dog-themed meme coin has hit a high of $0.1188 and a low of $0.1118 in the past 24 hours. Moreover, DOGE Futures Open Interest has increased by more than 5% today to $601.91 million, according to CoinGlass data.
