Two leading experts in the cryptocurrency market shed light on the future Meme coins This market cycle, expect the potential launch of Dogecoin exchange-traded fund (ETF) almost.
Crypto heavyweights confirm a Dogecoin ETF is coming
Co-Founder of BitMEX, Arthur Hayes CEO and Co-Founder of Real Vision, Raoul Pal appeared recently YouTube Podcast At Coin Bureau, we're sharing thoughts on the possibility of creating a Dogecoin ETF as meme coins continue to gain traction in the market.
When asked about the meme coins he had his eye on in his wallet, Hayes confirmed this Dogecoin is likely to get an exchange-traded fund (ETF). By the end of the course. He based his predictions on the meme-themed coin's significant growth rate over the years, highlighting Dogecoin's status as the oldest meme coin in the cryptocurrency space, giving it an advantage over other meme-based cryptocurrencies.
Furthermore, Hayes also pointed out the importance of Dogecoin Market value That rose to a staggering $19.7 billion. The meme coin currently holds the top spot as The world's largest meme-based cryptocurrency In terms of market capitalization, according to CoinMarketCap.
In addition, Dogecoin's cultural impact on the cryptocurrency space and the investment sector in general has been profound. The popular meme has also steadily grown its strong community to accommodate millions of supporters and investors.
Echoing Hayes' sentiments, Pal agreed with the BitMEX co-founder in his prediction for a Dogecoin ETF by the end of the market cycle. He indicated his strong support for the Dogecoin ETF, after discussing the possibilities with Jan van Eck, director of the exchange. CEO of VanEckan investment management company Bitcoin ETF Provider.
When asked if a potential Dogecoin ETF could flip the order Ethereum ETFsReal Vision's CEO praised Dogecoin's outperformance of Bitcoin in every bull cycle, cementing its position as a major player in the cryptocurrency space. He also revealed that he tried to get VanEck CEO to introduce a Dogecoin ETF, emphasizing his active efforts behind the scenes to make it happen.
Meme coins with the strongest novels in this cycle
like Coins continue to make gains In the cryptocurrency space, it's no surprise that many are speculating about which coin will be the next big hit. In the interview, Hayes and Ball exchanged views on the topic Meme coins They believe they will have the strongest narratives in the cryptocurrency market.
Pal revealed that he had made investments in popular cryptocurrencies such as Dogecoin, however, he had 90% stake. Solana (Sunday). On the other hand, Hayes unveiled a more diversified meme coin portfolio, highlighting investments in notable meme coins such as Bonk (bonk), Dujoyfat (WIF)And Dogecoin. He revealed his investment strategy for 2024, saying: “Be long, don’t sell, don’t get short, and don’t use too much leverage.”
Featured image from Getty Images, chart from TradingView