Dogecoin (DOGE/USD) Listing on Swiss Exchanges Reignites Debate Over Whether It's Just a Meme

Dogecoin's recent listing via the 21Shares Dogecoin ETP on Swiss exchanges has sparked discussion on whether it's simply a meme or possesses more substance.

Max Michielsen, 21Shares Digital Asset Investment Strategist, presented a compelling case for Dogecoin's evolution beyond its meme origins in a detailed X post on April 16.

Dogecoin: A Decade of Memes, Community & Charity

With over a decade of survival, a vibrant community and increasing adoption, DOGE is "digital folklore" that transforms internet culture into real liquidity, argues Michielsen.

DOGE outperformed every top 25 crypto over the past decade and doubled its user base since 2021. Notably, Dogecoin runs on its own blockchain with fast one-minute blocks, low fees and transparent, disinflationary tokenomics.

It supports real-world payments and charitable causes, driven by the ethos "Do Only Good Everyday."

The meme coin has generated massive returns of up to 130,000% over the last decade, consistently forming higher lows through cycles.

DOGE outperformed Bitcoin by 1000x and its low correlation (15%) to other major assets makes it a strong portfolio diversifier.

Also Read: Dogecoin Whales Are Accumulating: Is A Breakout Imminent?

DOGE Price Prediction 2025: $0.38-$1 (Neutral-Bearish) & $1.42 (Bullish)

Based on market share, cycle history and adoption trends, Michielsen predicted a valuation range for Dogecoin in 2025.

He forecasts the meme coin to touch $0.38 despite growth stagnation in a bearish market and $1 in a neutral market, considering a 3-4% share of a $5 trillion total crypto market capitalization.

In a bull market, Michielsen expects DOGE to repeat its last cycle's explosive run, peaking at $1.42.

8/10 A little $DOGE goes a long way 💰In the Bitcoin-enhanced benchmark portfolio, a 1% $DOGE allocation boosted returns and Sharpe ratios, without meaningfully increasing drawdowns.With the right setup, adding $DOGE is far from reckless, and potentially highly rewarding. pic.twitter.com/7rQA0fqMgp

Michielsen stated that even with only a 1% portfolio allocation, DOGE boosted returns and Sharpe ratios in a Bitcoin-focused portfolio, suggesting that adding meme coins can be beneficial.

The crypto strategist highlighted that while many view direct crypto exposure as risky, it can pay off with the right setup, and including a small portion of DOGE in a portfolio wouldn't necessarily increase risk.