Recently, the Crypto Assets market has received a significant piece of news: the ETF application document for DOGE has been submitted. This move undoubtedly injects new vitality into the market, especially considering that the applicant is the influential Grayscale company in the Crypto Assets field.

As one of the main drivers of the bull market in 2021, Grayscale's move has attracted widespread attention in the market. Not only has Grayscale achieved considerable returns from its previously launched trust products, but its founder also plans to return to the market through an IPO, which undoubtedly demonstrates their keen insight into the current market sentiment.

However, the market is not always smooth sailing. Recently, the price of DOGE has been fluctuating between 5.4 and 5.35, failing to reach the order positions many investors expected. Nevertheless, the market remains relatively stable, which may indicate potential opportunities in the future.

It is worth noting that the approval of the DOGE ETF seems to be just a matter of time. At the same time, other alternative coins such as Litecoin (LTC) are also actively advancing the ETF application process. These coins are backed by powerful consortiums, providing a certain degree of stability and bottom support for the market.

For investors holding these Crypto Assets, maintaining patience and a long-term holding strategy may be a wise choice. As the market gradually develops and matures, the value of these assets may gradually emerge. In the short term, the target price for DOGE may be around $0.35-$0.36.

Overall, the application for the DOGE ETF not only reflects the ongoing evolution of the Crypto Assets market but also injects new possibilities for the future development of the entire industry. Investors should closely monitor market dynamics while maintaining a rational and cautious investment attitude.