Dogecoin, once considered a meme coin, is gaining credibility as 21Shares expresses strong bullish sentiments following its ETF filing.
21Shares released a report positioning Dogecoin as a serious portfolio addition, stating that it has moved beyond its meme coin reputation.
The firm outlined bullish scenarios for Dogecoin, predicting potential significant price increases and emphasizing its advantages in investment portfolios.
In contrast, potential bearish and neutral scenarios were also discussed by 21Shares, highlighting the uncertainties surrounding Dogecoin's future price performance.