Dogecoin Is Overvalued, But Monday Could Flip the Script

Dogecoin has been sliding over the past several days as bearish sentiment spreads across the broader crypto market. Despite the decline, the meme coin is currently overvalued due to heightened speculation surrounding the upcoming launch of Grayscale’s Dogecoin ETF (GDOG).   This hype may translate into substantial transaction volume on Monday, potentially reshaping DOGE’s short-term outlook. Dogecoin Investors Provide Support Dogecoin’s NVT Ratio is spiking sharply, signaling a disconnect between valuation and on-chain activity source: https://beincrypto.com/dogecoin-price-major-etf-test/