Dogecoin Reflects on Its Early Days When Only Moms Embraced It, Showcasing Its Journey to Becoming an Institutional Asset
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
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Source: Benzinga
Evolution of Dogecoin: Dogecoin has transitioned from being perceived as a "joke" cryptocurrency to a serious asset, now included in U.S. index cryptocurrency funds.
Inclusion in Index Funds: The launch of 21Shares' exchange-traded funds, which track a basket of cryptocurrencies including Dogecoin, marks a significant step in its institutional acceptance.
Institutional Interest: The REX-Osprey Doge ETF and Grayscale's plans to convert its Dogecoin Trust into a spot ETF indicate growing institutional interest in Dogecoin.
Current Market Status: As of the latest data, Dogecoin is trading at approximately $0.1645, reflecting a 4.33% decline in the last 24 hours and a 19% drop over the past month.
Analyst Views on DOJE
Wall Street analysts forecast DOJE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOJE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 11.611
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Current: 11.611
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
