“Dogecoin Is Not Just A Meme Coin Anymore,” 21Shares Goes Super Bullish After ETF Filing
The post “Dogecoin Is Not Just A Meme Coin Anymore,” 21Shares Goes Super Bullish After ETF Filing appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin (DOGE), once dismissed as an internet joke due to its meme coin origins, is now making a strong comeback, as 21Shares, a leading asset management firm, goes ultra-bullish on it. Following news of its ETF filing, 21Shares released a report positioning Dogecoin as a serious portfolio inclusion, emphasizing that it has evolved beyond its meme coin reputation. The firm has also shared several compelling forecasts for the meme coin, leaning toward a potentially bullish future trajectory. 21Shares Bullish Scenario For Dogecoin Following the release of its Dogecoin ETF filing to the US SEC, 21Shares published a report outlining three potential scenarios for the meme coin’s future price performance, ultimately leaning toward a more bullish position. The report also highlighted the advantages of adding Dogecoin to investment portfolios, revealing that a modest 1% allocation to DOGE, within a 60/40 investment structure already enhanced with a 3% Bitcoin allocation, could significantly improve overall returns. For its bullish case scenario, the firm noted that the DOGE price has significantly outperformed many altcoins over the past year. Due to its penchant for explosive rallies and historical trends that support a potential price surge, the asset management firm envisions Dogecoin achieving explosive growth similar to its last major pump. Before the last bull run, Dogecoin hit a price bottom at $0.007. Fast-forward two years, the meme coin has reached another bottom around $0.0585 this cycle, representing an astonishing Compound Annual Growth Rate (CAGR) of 189%. If the meme coin were to mirror the same pace over the next two years, its price could climb to $1.42, marking a historic milestone and a new all-time high. In this bullish scenario, Dogecoin’s price surge is expected to be driven by renewed meme coin…
The post “Dogecoin Is Not Just A Meme Coin Anymore,” 21Shares Goes Super Bullish After ETF Filing appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin (DOGE), once dismissed as an internet joke due to its meme coin origins, is now making a strong comeback, as 21Shares, a leading asset management firm, goes ultra-bullish on it. Following news of its ETF filing, 21Shares released a report positioning Dogecoin as a serious portfolio inclusion, emphasizing that it has evolved beyond its meme coin reputation. The firm has also shared several compelling forecasts for the meme coin, leaning toward a potentially bullish future trajectory. 21Shares Bullish Scenario For Dogecoin Following the release of its Dogecoin ETF filing to the US SEC, 21Shares published a report outlining three potential scenarios for the meme coin’s future price performance, ultimately leaning toward a more bullish position. The report also highlighted the advantages of adding Dogecoin to investment portfolios, revealing that a modest 1% allocation to DOGE, within a 60/40 investment structure already enhanced with a 3% Bitcoin allocation, could significantly improve overall returns. For its bullish case scenario, the firm noted that the DOGE price has significantly outperformed many altcoins over the past year. Due to its penchant for explosive rallies and historical trends that support a potential price surge, the asset management firm envisions Dogecoin achieving explosive growth similar to its last major pump. Before the last bull run, Dogecoin hit a price bottom at $0.007. Fast-forward two years, the meme coin has reached another bottom around $0.0585 this cycle, representing an astonishing Compound Annual Growth Rate (CAGR) of 189%. If the meme coin were to mirror the same pace over the next two years, its price could climb to $1.42, marking a historic milestone and a new all-time high. In this bullish scenario, Dogecoin’s price surge is expected to be driven by renewed meme coin…
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