The crypto market is abuzz with the prospect of a Dogecoin Exchange-Traded Fund (ETF) and the continued growth of meme coins. Two prominent crypto experts, Arthur Hayes, co-founder of BitMEX, and Raoul Pal, CEO and co-founder of Real Vision, recently shared their insights on the future of meme coins in a YouTube podcast on Coin Bureau. They predict that Dogecoin could be the next big hit, with Hayes stating that it could potentially get an ETF by the end of the market cycle.

Dogecoin's Rise to Prominence

Dogecoin, the oldest meme coin in the crypto space, has seen significant growth over the years. Its market capitalization has risen to a staggering $19.7 billion, making it the world's largest meme-based cryptocurrency by market capitalization. The meme coin has also cultivated a robust community of millions of supporters and investors, making it a major player in the crypto space.

A Dogecoin ETF on the Horizon?

Hayes and Pal both agree that a Dogecoin ETF could be launched by the end of the market cycle. Pal has even discussed the possibility with Jan van Eck, CEO of VanEck, an investment management firm and Spot Bitcoin ETFs provider. Pal has also attempted to urge VanEck's CEO to file a Dogecoin ETF, emphasizing his active efforts behind the scenes to make this happen.

Meme Coins with Strong Narratives

As meme coins continue to gain ground, many are speculating about which coin will be the next big hit. Hayes and Pal shared their 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 and Solana (SOL), while Hayes has a diversified portfolio including Bonk (BONK), Dogwifhat (WIF), and Dogecoin. Hayes advised investors to "be long, don't sell, don't get shook, and don't use too much leverage" in 2024.

Conclusion

The future of meme coins looks bright, with Dogecoin poised to be a major player in the crypto space. The potential launch of a Dogecoin ETF could be a significant milestone in the coin's growth, and investors are eagerly awaiting the outcome. As the crypto market continues to evolve, it will be interesting to see which meme coins will emerge as the next big hits.