Dogecoin ETF Launch: The REX-Osprey DOGE ETF began trading on Sept. 18, aiming to reflect Dogecoin's price with a 1.5% expense ratio, while Dogecoin's price has recently dropped by 11% due to a crypto flash crash.
Investment Considerations: The ETF mirrors Dogecoin's value, making it equivalent to holding the cryptocurrency directly, but it incurs ongoing fees, which may not be ideal for those seeking pure exposure to the asset.
Lack of Value Proposition: The investment thesis for Dogecoin is weak, as it lacks mechanisms for consistent value growth beyond hype, and its supply continues to rise without a cap, diluting existing holders' value.
Future Potential: While there are proposals for upgrades that could enhance Dogecoin's utility, such as supporting Layer-2 blockchains, these are not guaranteed and may take years to materialize, making the ETF a risky investment at this time.
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.
0 Analyst Rating
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.
0 Buy
0 Hold
0 Sell
Current: 11.611
Low
Averages
High
Current: 11.611
Low
Averages
High
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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.
