“Dogecoin Is Not Just A Meme Coin Anymore,” 21Shares Goes Super Bullish After ETF Filing

Dogecoin (Doge), which was rejected as soon as the Internet joke due to Meme’s assets, is now returning to a strong return, as 21shares, a leading asset management company, goes on. the next ETF file news21shares issued a report that putscoin as a dangerous insertion in the portfolio, stressing that it has evolved beyond the reputation of the M -currency. The company also shared several Cancelled expectations For Mimi coin, it tends towards a possible future path.

21 Share Snio Al -Sanario for Dogecoin

After the release of its DOGECOIN ETF file to SEC, 21 Shares Published A report that shows three potential scenarios to perform the future prices of Mimi currency, and eventually tends towards a more upward situation. the a report The most prominent advantages Adding Dogecoin to the Investment GovernorWith the disclosure of the allocation of 1 % modest for DOGE, within a 60/40 investment structure has already been reinforced with 3 % bitcoin customization, it can significantly improve total returns.

she has Al -Soulaj Al -Saudi scenarioThe company noted that the price of Doge has greatly outperformed many Altcoins during the past year. because of Mile to explosive marches Historical trends that support potential prices, the Dogecoin Asset Management Company imagines an explosive growth similar to its last main pump.

Before the last bull race, Dogecoin beating the price At 0.007 dollars. Quickly forward two years, the MEME currency was about $ 0.0585 in this course, which represents an amazing annual growth rate (CAGR) by 189 %. If the M -currency reflects the same pace over the next two years, its price may rise to $ 1.42, which represents a historic milestone and New at all.

In this bullish scenario, the increase in the prices of Dogecoin is expected to be driven by the renewal of Meme Coin Mania, and an increase in Adoption of the real worldOrganizational clarity and major integration capabilities – such as Tesla and CEO of Spacex Elusk Mergery DOGE payments on x (Previously Twitter). If the retailer and demand for the entire demand is expected, it is expected that only the previous levels will be retrieved, but it doubles it.

Double and neutral condition

Moving forward, 21shares also made it clear Dogecoin script bear. Although the basics of the MG currency are strengthened, there are still risks to a steadfast price or even More sides.

The Asset Department noted that the last assembly of Dogecoin is supported The enthusiasm of the elections after the United StatesIt may have a real market cycle prematurely. Expansion in this view, 21shars records that if Dogecoin grows at an annual growth rate of 10 % of it 2021 peak From $ 0.73, its price will reach $ 0.38 by 2025, which doubles its current value but failed to reach the highest new level ever.

In a more neutral scenario, 21shares assumes that the total maximum Crypto market may reach $ 5 trillion during this round. Under these circumstances, if DOGE gets a 3 % stake in the market, a decrease from 4 % before, the Meme Coin market value may increase to $ 150 billion. This would put about $ 1, which represents 5.5X profit of current levels about $ 0.175.

Distinctive image from Getty Images, Chart from TradingView.com

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