Dogecoin’s Next Stop? $1.42 in This Cycle’s Wildest Bull Scenario, Claims 21Shares

Forget moon shots—Dogecoin might be gunning for Mars this cycle. Crypto heavyweight 21Shares just tossed a $1.42 price target into the meme-coin arena, and the crowd’s gone feral.

Why this matters: If DOGE hits that number, it’d mark a 10x surge from current levels. Not bad for an asset that started as a joke—and still trades like one when Wall Street ‘experts’ try to analyze it.

The fine print: This is the ultra-bullish case, assuming crypto mania hits 2021-level insanity. But with Elon Musk still tweeting dog memes and retail traders hungry for the next GameStop, never say never.

Bottom line: In a market where fundamentals are optional and hype is legal tender, Dogecoin at $1.42 is just crazy enough to work. Until the SEC inevitably starts asking questions about ‘market dynamics.’

Three Scenarios For Dogecoin

To frame expectations for the coming cycle, 21Shares sets out three scenarios:

In the bear case, Dogecoin’s post-election rally is described as potentially having “front-run its true cycle potential.” If the token merely compounds at 10 % per year from its 2021 peak of $0.73, it would “land around $0.38 by 2025,” a doubling from today’s $0.18 but, for the first time, a failure to record a new all-time high within a full market cycle.

The neutral case assumes the total crypto-asset market capitalizes at $5 trillion and DOGE’s market share slips from 4 % to 3 %. On those inputs, Dogecoin would be worth roughly $150 billion and trade “near $1 per coin,” about a 5.5-fold gain from current levels, with the token “retaining its stature as the leading memecoin” amid stiffer competition.

The bullish projection scales the token’s compounded growth between the pre-2021 bottom of $0.007 and the current-cycle trough of $0.0585, a rate calculated at 189 % per year. “If DOGE were to mirror this explosive growth,” the paper concludes, “DOGE would reach approximately $1.42.”

Such an outcome would require a revival of “memecoin mania,” tangible real-world use cases and, critically, deeper integration with major consumer platforms such as Elon Musk’s X. In that environment, the authors write, a full-throated return of retail exuberance “could re-establish DOGE as the breakout asset of the cycle, potentially even doubling its all-time high.”

21Shares finishes on a pragmatic note: “With the right structure, a 1 % allocation to Dogecoin isn’t reckless—it’s rewarding.”

At press time, DOGE traded at $0.175.