Two
prominent
crypto
market
experts
have
shed
light
on
the
future
of

meme
coins

in
this
market
cycle,
predicting
the
potential
launch
of
a

Dogecoin
Exchange-Traded
Fund
(ETF)

soon. 

Crypto
Heavyweights
Affirm
Dogecoin
ETF
Is
Coming

Co-founder
of
BitMEX,

Arthur
Hayes

and
Chief
Executive
Officer
(CEO)
and
co-founder
of
Real
Vision,

Raoul
Pal

have
appeared
in
a
recent

YouTube
podcast

on
Coin
Bureau,
sharing
insights
on
the
potential
for
a
Dogecoin
ETF
as
meme
coins
continue
to
gain
traction
in
the
market. 

When
questioned
about
what
meme
coins
he
was
keeping
an
eye
on
in
his
portfolio,
Hayes
asserted
that

Dogecoin
could
potentially
get
an
ETF

by
the
end
of
the
cycle.
He
based
his
predictions
on
the
substantial
growth
rate
of
the
doggy-themed
meme
coin
over
the
years,
highlighting
Dogecoin’s
status
as
the
oldest
meme
coin
in
the
crypto
space,
giving
it
an
edge
over
other
meme
based
cryptocurrencies.

 

Moreover,
Hayes
also
noted
Dogecoin’s
substantial

market
capitalization

which
has
risen
to
a
staggering
$19.7
billion.
The
meme
coin
currently
holds
the
top
position
as
the

world’s
largest
meme-based
cryptocurrency

by
market
capitalization,
according
to
CoinMarketCap. 

Additionally,
Dogecoin’s
cultural
impact
on
the
crypto
space
and
the
investment
sector
in
general
has
been
profound.
The
popular
meme
coin
has
also
steadily
cultivated
its
robust
community
to
hold
millions
of
supporters
and
investors. 

Echoing
Hayes’
sentiments,
Pal
agreed
with
the
BitMEX
co-founder
in
his
prediction
of
a
Dogecoin
ETF
by
the
end
of
the
market
cycle.
He
indicated
his
strong
advocacy
for
a
Dogecoin
ETF,
having
discussed
the
possibilities
with
Jan
van
Eck,
the

CEO
of
VanEck,
an
investment
management
firm
and

Spot
Bitcoin
ETFs
provider. 

When
asked
if
a
potential
Dogecoin
ETF
could
flip
the
demand
for

Spot
Ethereum
ETFs,
the
Real
Vision
CEO
lauded
Dogecoin’s
consistent
outperformance
of
Bitcoin
in
every
bull
cycle,
cementing
its
status
as
a
major
player
in
the
crypto
space.
He
also
disclosed
that
he
has
attempted
to
urge
VanEck’s
CEO
to
file
a
Dogecoin
ETF,
emphasizing
his
active
efforts
behind
the
scenes
to
make
this
happen.

 

Meme
Coins
With
The
Strongest
Narratives
In
This
Cycle

As

meme
coins
continue
to
gain
ground

in
the
crypto
space,
it’s
no
surprise
that
many
are
speculating
about
which
coin
will
be
the
next
big
hit.
In
the
interview,
Hayes
and
Pal
shared
insights
on
which

meme
coins

they
believe
will
have
the
strongest
narratives
in
the
crypto
market. 

Pal
revealed
that
he
has
made
investments
in
popular
cryptocurrencies
like
Dogecoin,
however,
he
was
90%
long
on

Solana
(SOL).
On
the
other
hand,
Hayes
disclosed
a
more
diversified
meme
coin
portfolio,
highlighting
investments
in
prominent
meme
coins
like

Bonk
(BONK),

Dogwifhat
(WIF),
and
Dogecoin.
He
revealed
his
investment
strategy
for
2024,
advising:
“Be
long,
don’t
sell,
don’t
get
shook,
and
don’t
use
too
much
leverage.”

Featured
image
from
Getty
Images,
chart
from
TradingView

Go to Source
Author: Scott Matherson

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