21Shares Doubles Down on Dogecoin: Bold Price Targets Emerge After ETF Filing
Wall Street’s meme coin moment arrives as 21Shares throws its hat in the DOGE ETF ring—and the predictions are anything but shy.
Subheader: From Joke to Juggernaut?
The filing suggests institutional players might finally stop pretending they ’don’t get the meme’—especially when there’s a 20% potential upside to fake-laugh along.
Subheader: The Fine Print Nobody Reads
Analysts note the proposal conveniently glosses over DOGE’s 80% drawdowns, because who needs risk disclosures when you’ve got Elon Musk tweets as a fundamental metric?
Closing jab: Meanwhile, gold ETF issuers are drafting angry letters about ’store of value’ definitions.
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The bullish outlook depends on a mix of retail enthusiasm, clearer regulations, and real-world adoption—particularly if Elon Musk integrates Dogecoin payments on X, formerly known as Twitter. Should those factors align, the report suggests DOGE could not only reclaim but surpass its former highs.
However, 21Shares tempers its Optimism with caution. In a more conservative view, if DOGE grows at a modest 10% CAGR from its previous peak, the price might reach $0.38 by 2025—better than current levels, but far from a breakout. A neutral scenario puts the coin at roughly $1, assuming it captures 3% of a projected $5 trillion crypto market, slightly less than its previous market share.
