Crypto Market Experts Say Dogecoin ETF Is Coming As Meme Coins Gain Ground

Meme Coin Market: Experts Predict Dogecoin ETF and Strong Narratives

Two notable crypto market analysts, Arthur Hayes (BitMEX co-founder) and Raoul Pal (Real Vision CEO and co-founder), have shared their insights on the future of meme coins.

Dogecoin ETF: A Possibility

Hayes predicts the potential launch of a Dogecoin Exchange-Traded Fund (ETF) by the end of the current market cycle. He attributes this prediction to Dogecoin's significant growth and market dominance as the oldest meme coin.

Pal agrees, echoing Hayes' prediction and expressing his support for a Dogecoin ETF. He has reportedly discussed the possibility with Jan van Eck, CEO of VanEck, a major investment management firm.

Meme Coins with Strong Narratives

As meme coins continue to gain traction, Hayes and Pal have identified those with the strongest narratives:

• Pal: Solana (SOL), with a 90% long position.
• Hayes: A diversified portfolio including Bonk (BONK), Dogwifhat (WIF), and Dogecoin.

Hayes' Investment Strategy

For 2024, Hayes advises investors to:

• Hold long positions
• Avoid selling
• Stay composed
• Limit leverage