Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares
21Shares claims Dogecoin has matured and could be a valuable portfolio addition, projecting a price target of $1.42 per coin if bullish trends continue. A research note indicates that a portfolio with a 1% Dogecoin allocation outperformed traditional investments, achieving annual returns of 8.95% compared to 7.25% for a standard 60/40 equities-bonds mix. The study highlights Dogecoin's historical performance and low correlation with other assets, emphasizing the importance of disciplined rebalancing to manage risk. Three scenarios for Dogecoin's future are outlined: 1. Bear case predicts a price of $0.38 by 2025, failing to reach a new all-time high. 2. Neutral case estimates a value near $1 if the crypto market capitalizes at $5 trillion. 3. Bullish case anticipates a price of $1.42, contingent on renewed retail interest and integration with platforms like Elon Musk's X. Currently, Dogecoin trades at $0.175, and a 1% allocation is deemed potentially rewarding.
