Dogecoin Price: Overvalued Hype On The Brink of Market Shift?

The Dogecoin community is on the edge of its seat as the Grayscale ETF launch nears, promising to inject massive institutional capital into the market. However, a closer look at on-chain data reveals a potential crisis: Dogecoin’s price is highly overvalued and vulnerable to a sharp correction. While this might dampen enthusiasm, long-term holders are holding strong, offering a glimmer of structural support. This article analyzes the critical juncture for Dogecoin in this high-stakes market moment.