Zinger Key Points
- A 21Shares executive claims Dogecoin is a community-powered, culturally significant asset, not just a meme.
- Price projections include $0.38 in a bear case and $1.42 if DOGE mirrors its last cycle surge.
- Ready to turn the market’s comeback into steady cash flow? Grab the top 3 stocks to buy right here.
Dogecoin's DOGE/USD recent listing via the 21Shares Dogecoin ETP on Swiss exchanges has reignited debate over whether it's just a meme—or something more substantial.
What Happened: In a detailed X post on April 16, 21Shares Digital Asset Investment Strategist Max Michielsen made the case that Dogecoin is evolving beyond its meme origins.
With more than a decade of survival, a vibrant community and increasing adoption, he argues DOGE is "digital folklore" that transforms internet culture into real liquidity.
DOGE has outperformed every top 25 crypto over the past decade and doubled its user base since 2021. Among the notable highlights, Dogecoin runs on its own blockchain with fast one-minute blocks, low fees and transparent, disinflationary tokenomics.
It supports real-world payments and charitable causes, driven by the ethos "Do Only Good Everyday."
The meme coin has generated massive returns of up to 130,000% over the last decade, consistently forming higher lows through cycles.
DOGE has outperformed Bitcoin by 1000x and its low correlation (15%) to other major assets makes it a strong portfolio diversifier.
Also Read: Dogecoin Whales Are Accumulating: Is A Breakout Imminent?
What's Next: Based on market share, cycle history and adoption trends, Michielsen has predicted a valuation range for Dogecoin in 2025.
He forecasts the meme coin to touch $0.38 despite growth stagnation in a bearish market and $1 in a neutral market, accounting for a 3-4% share of a $5 trillion total crypto market capitalization.
In a bull market, Michielsen expects DOGE to repeat its last cycle's explosive run and peaking at $1.42.
Michielsen stated that with only a 1% portfolio allocation, DOGE boosted returns and Sharpe ratios in a Bitcoin-focused portfolio, making the case for Dogecoin as a rewarding addition.
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