Two prominent crypto market experts, Arthur Hayes and Raoul Pal, have shared their insights on the future of meme coins in this market cycle, predicting the potential launch of a Dogecoin Exchange-Traded Fund (ETF) soon.

Hayes and Pal recently appeared in a YouTube podcast on Coin Bureau, sharing their thoughts on the potential for a Dogecoin ETF as meme coins continue to gain traction in the market. When asked about which meme coins he was keeping an eye on in his portfolio, Hayes stated that Dogecoin could potentially get an ETF by the end of the cycle. He based his predictions on the substantial growth rate of the doggy-themed meme coin over the years, highlighting Dogecoin’s status as the oldest meme coin in the crypto space, giving it an edge over other meme based cryptocurrencies.

Additionally, Hayes also noted Dogecoin’s substantial market capitalization which has risen to a staggering $19.7 billion. The meme coin currently holds the top position as the world’s largest meme-based cryptocurrency by market capitalization, according to CoinMarketCap. Echoing Hayes’ sentiments, Pal agreed with the BitMEX co-founder in his prediction of a Dogecoin ETF by the end of the market cycle. He indicated his strong advocacy for a Dogecoin ETF, having discussed the possibilities with Jan van Eck, the CEO of VanEck, an investment management firm and Spot Bitcoin ETFs provider.

As meme coins continue to gain ground in the crypto space, it’s no surprise that many are speculating about which coin will be the next big hit. In the interview, Hayes and Pal shared insights on which meme coins they believe will have the strongest narratives in the crypto market. Pal revealed that he has made investments in popular cryptocurrencies like Dogecoin, however, he was 90% long on Solana (SOL). On the other hand, Hayes disclosed a more diversified meme coin portfolio, highlighting investments in prominent meme coins like Bonk (BONK), Dogwifhat (WIF), and Dogecoin. He revealed his investment strategy for 2024, advising: “Be long, don’t sell, don’t get shook, and don’t use too much leverage.”