Dogecoin’s Next Act: 21Shares Predicts DOGE Could Surge to $1.42 in Coming Bull Run
Forget fundamentals—Dogecoin’s meme magic might just defy gravity again. Asset manager 21Shares projects DOGE could smash its ATH, targeting $1.42 in the next crypto frenzy.
Why? Because nothing fuels a bull market like retail traders chasing the ’next Bitcoin’ while Wall Street quietly dumps bags. The Shiba Inu-themed coin—once Elon Musk’s favorite plaything—still moves 20% on a single tweet.
Just don’t ask about utility. Or adoption. Or why a joke currency now has a $15B market cap. In crypto, the line between ’digital gold’ and greater fool theory keeps getting blurrier.
Source: 21Shares
Dogecoin Could Have Major 2025 in Store According to 21Shares
Entering this year, there were a lot of reasons to be excited about Dogecoin. The cryptocurrency market was expected to surge, and there have emerged talks of a spot ETF product that could massively impact the adoption and investment in other meme coins.
Amid uncertain economic realities, Dogecoin has been projected to surge by 21Shares, as Doge could target $1.42in the next bull cycle. The token has increased by more than 6.2% on Thursday, reaching the $0.18 level according to CoinMarketCap. Moreover, the asset jumped more than 5% in April as all eyes are on its Q2 start.
In a recent post to X (formerly Twitter), the firm explained the bright side of Dogecoin. They noted that DOGE “isn’t just a meme anymore; it might be a smart addition to your portfolio.” Specifically, they discussed a bull-market price projection above the $1.4 mark for the asset.
In the research note, they discussed stress-tested portfolio simulations with a 60/40 basket of equities and bonds. Moreover, they infused those portfolios with 3% Bitcoin, while supplementing it with a “modern 1% DOGE allocation.” That returned 7.25% annually, with some reaching a height of 8.95%. Altogether, it ensured that the investor could find greater investment value in the meme token.
