“Dogs are no longer just meme coins,” 21shares is super optimistic after ETF filing
Dogecoin (Doge) is now making a strong comeback due to the origins of its meme coins, as leading asset manager 21Shares has put a super challenge to it. The following News submitted by its ETF21shares released a report positioning Dogecoin as serious portfolio inclusion, highlighting that it has evolved beyond its meme coin reputation. The company also shared several Highly compelling predictions For meme coins, a bullish future trajectory tends to be.
21 Shares bullish Dogecoin scenario
After 21 shares after the issuance of Dogecoin ETF submitted to the US SEC publishing A report outlines three potential options for Meme Coin’s future price performance, ultimately leaning towards a more bullish stance. this Report Also emphasized Add Dogecoin to your portfolioreveals that within the already enhanced 60/40 investment structure, Bitcoin allocation has enhanced the Doge allocation by 1% which can significantly improve overall returns.
to this end Bullish casesThe company noted that the Governor’s price has been significantly better than many altcoins over the past year. Due to its The preference for explosive gatherings Asset Management envisions a historical trend in Dogecoin’s explosive growth similar to the last major pump.
Before the last bull, Dogecoin reaches the lowest price $0.007. Two years after a fast pace, the meme coin reached another bottom around 0.0585 in the cycle, which is a surprising compound annual growth rate (CAGR) of 189%. If the meme coin is to reflect the same speed over the next two years, its price could climb to $1.42, marking a historical milestone and a New historical highs.
In this bullish situation, the price increase in dogs is expected to be driven by the new meme coin mania, Real-world adoptionregulatory clarity and major integration possibilities – Tesla and SpaceX CEO Elon Musk Fusion Doge payment on X (Formerly Twitter). If retail interest and demand return in full, the meme coin is expected to return not only to its previous all-time high, but also to double.
Doji’s Bearish and Neutral Cases
Keep going, 21shares also outlined The situation of the bear case. Despite the enhanced fundamentals of Meme Coin, there is still silent price performance even Further disadvantages.
Asset Management notes that Dogecoin’s recent rally was Passionate after the US electionmay have already taken the lead in its true market cycle too early. According to this view, 21shares predicts that if Dogecoin grows 10% of its compound year from it 2021 Peak By 2025, its price is $0.73 and its price will reach $0.38, doubled its current value but not at its all-time high.
In a more neutral case, 21shares assumes that the cryptocurrency market capitalization could be $5 trillion in this cycle. Under these conditions, if Doge captures 3% of the market share, lower than the previous 4% market share, Meme Coin’s market cap could soar to $150 billion. This will make it priced at about $1, which is a 5.5-fold increase in current levels of about $0.175.
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