21Shares Claims Dogecoin’s Rise Goes Beyond Memes, A True Asset

Dogecoin (DOGE), once dismissed as a simple joke, has emerged as the leading meme coin, with 21Shares, a global asset management firm, highlighting its surprising resilience and mainstream appeal. This report from 21Shares asserts that Dogecoin’s success isn’t just due to trends or protocol advancements, but rather fueled by a strong community drive and growing adoption. The company points to DOGE’s astronomical returns over the past decade (over 130,000% since 2014), its $30 billion market capitalization, and widespread recognition from mainstream platforms such as Tesla, AMC, and Newegg, demonstrating a surge in both retail appeal and real-world utility.