21Shares Analysis Shocking Prediction: Dogecoin Could Reach $1.42 in This Bull Market Cycle!

Jakarta, Pintu News – Dogecoin , once known as the meme currency, is now getting a surprising price prediction from 21Shares, a research house and publisher of exchange-traded products. In a recent analysis, 21Shares stated that Dogecoin (DOGE) could be a smart addition to an investment portfolio, with the potential to reach $1.42 per coin if the bullish momentum continues.

21Shares Analysis of Dogecoin

21Shares, in its publication on X on April 30, stated that Dogecoin (DOGE) has evolved into more than just a meme currency. According to them, Dogecoin (DOGE) now deserves to be part of a mature investment portfolio. In their simulations, a traditional portfolio consisting of 60% equities and 40% bonds, enhanced by the addition of 3% Bitcoin and 1% Dogecoin (DOGE), showed a significant performance improvement.

The research shows that Dogecoin (DOGE) has a more than decade-long track record of outperforming most other major crypto assets, while maintaining a low correlation with other crypto and traditional assets. However, 21Shares stresses the importance of disciplined rebalancing to optimize returns and control risk, especially during periods of broader market stress.

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Dogecoin Price Scenario According to 21Shares

21Shares presents three possible scenarios for the Dogecoin (DOGE) price. In the bearish scenario, Dogecoin (DOGE) will only grow 10% per year from its 2021 peak of $0.73, reaching around $0.38 by 2025. This marks the first time Dogecoin (DOGE) has not recorded a new high in a full market cycle.

In a neutral scenario, assuming the total crypto asset market reaches $5 trillion and Dogecoin’s (DOGE) market share drops from 4% to 3%, the Dogecoin (DOGE) price could reach around $1 per coin. This would be an increase of about 5.5 times from current levels, with Dogecoin (DOGE) retaining its status as the leading memecoin.

Bullish Projection: Potential for Dogecoin to Reach $1.42

In a bullish scenario, if Dogecoin (DOGE) can repeat its exponential growth, from a pre-2021 base of $0.007 to the current cyclical base of $0.0585, which works out to 189% growth per year, then Dogecoin (DOGE) could reach about $1.42. This would require a resurgence of “ecoin mania”, real impactful use cases, and deeper integration with large consumer platforms like Elon Musk’s X.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin $1.42 This Cycle Bull Case: 21Shares. Accessed on May 2, 2025
• Featured Image: Generated by AI