Dogecoin (DOGE), once dismissed as an internet joke due to its meme coin origins, is now making a strong comeback, as 21Shares, a leading asset management firm, goes ultra-bullish on it. Following news of its ETF filing , 21Shares released a report positioning Dogecoin as a serious portfolio inclusion, emphasizing that it has evolved beyond its meme coin reputation. The firm has also shared several compelling forecasts for the meme coin, leaning toward a potentially bullish future trajectory. 21Shares Bullish Scenario For Dogecoin Following the release of its Dogecoin ETF filing to the US SEC, 21Shares published a report outlining three potential scenarios for the meme coin’s future price performance, ultimately leaning toward a more bullish position. The report also highlighted the advantages of adding Dogecoin to investment portfolios , revealing that a modest 1% allocation to DOGE, within a 60/40 investment structure already enhanced with a 3% Bitcoin allocation, could significantly improve overall returns. For its bullish case scenario , the firm noted that the DOGE price has significantly outperformed many altcoins over the past year. Due to its penchant for explosive rallies and historical trends that support a potential price surge, the asset management firm envisions Dogecoin achieving explosive growth similar to its last major pump. Before the last bull run, Dogecoin hit a price bottom at $0.007. Fast-forward two years, the meme coin has reached another bottom around $0.0585 this cycle, representing an astonishing Compound Annual Growth Rate (CAGR) of 189%. If the meme coin were to mirror the same pace over the next two years, its price could climb to $1.42, marking a historic milestone and a new all-time high . In this bullish scenario, Dogecoin’s price surge is expected to be driven by renewed meme coin mania, surge in real-world adoption , regulatory clarity, and major integration possibilities — such as Tesla and SpaceX CEO Elon Musk incorporating DOGE payments on X (formerly Twitter). Should retail interest and demand fully return, the meme coin is expected to not only reclaim its previous all-time highs but double them. DOGE’s Bearish And Neutral Case Moving on, 21Shares also outlined a bear case scenario for Dogecoin . While the meme coin’s fundamentals have strengthened, there are still risks of a muted price performance or even further downsides . The asset management noted that Dogecoin’s recent rally, fueled by post-US election enthusiasm , may have prematurely front-run its true market cycle. Expanding on this view, 21Shares projects that if Dogecoin grows at a modest 10% CAGR from its 2021 peak of $0.73, its price will reach $0.38 by 2025, doubling its current value but failing to hit a new all-time high. In a more neutral scenario, 21Shares assumes the total crypto market cap may peak at $5 trillion during this cycle. Under these conditions, if DOGE captures a 3% market share, down from its 4% previously, the meme coin’s market cap could surge to $150 billion. This would place its price at approximately $1, representing a 5.5X gain from current levels of around $0.175.
