DOGECOIN (DOGE), once rejected as a joke on the internet because of its currency origins, is now making a strong return, while 21Shares, a main asset management company, goes ultra-bullish on it. Following News of its FNB deposit21Shares published a report positioning Dogecoin as a serious inclusion of portfolio, stressing that it has evolved beyond its reputation for money. The company also shared several convincing forecasts For the same piece, leaning towards a potentially bullish future trajectory.
21Shares optimistic scenario for Dogecoin
After the release of its Dogecoin ETF deposit in the United States, 21Shares published A report describing three potential scenarios for the future performance of the meter piece prices, ultimately leaning towards a more optimistic position. THE report also underlined the advantages of Adding Dogecoin to investment walletsRevealing that a modest 1% allowance in Doge, in an investment structure 60/40 already improved with a Bitcoin allowance of 3%, could considerably improve overall yields.
For Optimistic case scenarioThe company noted that the Doge price has considerably surpassed many altcoins in the past year. Due to his Penchant for explosive rallies And the historical trends that support a potential overvoltage, the asset management company is considering the explosive growth of dogecoin similar to its last major pump.
Before the last bull, Dogecoin hit a bottom price at $ 0.007. Quick advance of two years, the memes piece reached another bottom around $ 0.0,585 this cycle, representing an amazing annual compound growth rate (TCAC) of 189%. If the room even had to reflect the same rate in the next two years, its price could increase to $ 1.42, marking a historic stage and a New top of all time.
In this bullish scenario, the overvoltage of Dogecoin prices should be motivated by a manner of money even renewed, the rise Adoption of the real worldRegulatory clarity and major integration possibilities – such as Tesla and the CEO of SpaceX Elon Musk Incorporating Doge Payments on x (Formerly Twitter). If the interest and the request for retail come back fully, the meter piece should not only recover its peaks from all the previous time, but also double them.
DOGE DOGE and neutral box
By the way, 21Shares has also described a Bear case scenario for Dogecoin. Although the fundamentals of the meme play have strengthened, there are still risks of performance at silent prices or even More drawbacks.
The active management noted that the recent Dogecoin gathering, fueled by Enthusiasm of the post-American electionsmay have its real market cycle prematurely. Expanding this point of view, 21Shares projects that if Dogecoin develops to a modest TCAC at 10% of its 2021 Péx On $ 0.73, its price will reach $ 0.38 by 2025, doubling its current value but not reaching a new summit of all time.
In a more neutral scenario, 21 shares assume that the market capitalization of total cryptography can peak in $ 5 billions during this cycle. Under these conditions, if DOGE captures a market share of 3%, down compared to its 4% before, the market capitalization of the same corner could increase to $ 150 billion. This would place its price at around $ 1, which represents a 5.5x gain in current levels of about $ 0.175.
Getty Images star image, tradingView.com graphic
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