DOGE: From Meme to Market Leader – 21 Shares Report Highlights Dogecoin’s Rising Dominance

Once considered a joke, Dogecoin (DOGE) is now being taken seriously as a major player in the cryptocurrency market. A comprehensive report by 21 Shares, a prominent asset manager and crypto ETP platform, reveals DOGE’s untapped potential and growing influence. Published on April 8, the report delves into Dogecoin’s evolution, from its meme origins to its current status as a crypto contender. As of April 2025, DOGE’s trajectory suggests it could dominate the market, backed by increasing institutional interest and community support.

Dogecoin Positioned To Dominate As Asset Manager’s Deep Dive Shows Major Potential

Dogecoin (DOGE), once dismissed as a mere meme, is now commanding significant attention in the crypto market. A recent deep dive by 21 Shares, a leading asset manager and crypto ETP investing platform, has unveiled the meme coin’s massive potential, positioning it as a formidable player in the crypto space. On April 8, 21Shares published an in-depth report on Dogecoin’s performance over the years, tracing its origins as a humorous internet meme to its evolution into the world’s largest and most popular meme-based cryptocurrency. In its report, the asset manager called Dogecoin “the meme that made it,” implying that the meme coin, previously seen as a joke, has defied expectations to become a dominant force in the market.

Dogecoin’s Correction May Be Ending: Analysts Hint at Bottom

Dogecoin has faced bearish pressure after a slight upward move due to general crypto market sentiment. Despite ongoing volatility, recent analysis by Trader Tardigrade reveals a critical move in the DOGE 1-day chart, suggesting a possible floor price following substantial price fluctuations and corrections. This hints at a positive outlook for the dog-themed meme coin as upside momentum grows.

Crypto Analyst Warns of Dogecoin Price Correction with Potential 30% Crash

Dogecoin’s recent recovery attempt has quickly unraveled, with a technical analysis by crypto analyst RLinda suggesting a false breakout. The meme coin may now return to its correction path with another 30% price crash. The failed breakout was confirmed as Dogecoin fell back below the $0.157 to $0.1622 resistance zone, following a short-lived rally driven by external news - specifically, Donald Trump’s announcement to pause tariffs, which sparked Optimism across the market. However, this optimism is fading just as fast.