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Globe and Mail
10 minutes ago
- Globe and Mail
Prediction: Dogecoin Will Be Worth $0.40 in 1 Year
Key Points Dogecoin's price has dropped more than 70% from its all-time high. New ETFs, pro-crypto regulations, and lower interest rates could drive it higher. Big purchases by whales suggest that brighter days are ahead. 10 stocks we like better than Dogecoin › Dogecoin (CRYPTO: DOGE), which was created as a meme-based parody of Bitcoin in 2013, has gone on a wild ride since its market debut. It started trading at about $0.0002, surged to a record high of $0.74 in May 2021, but now trades at about $0.21. A $100 investment made back then would have briefly grown to $370,000 before shrinking to $100,000. A 1,000-bagger gain in less than 12 years is still incredible, but it might struggle to replicate those gains during the next decade. However, I think that doubling its price to $0.40 within the next 12 months remains a realistic target for five simple reasons. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » 1. The approvals for Dogecoin's spot price ETFs Several major crypto firms -- including Grayscale, Bitwise, and 21Shares -- submitted their applications for Dogecoin spot price exchange-traded funds (ETFs) to the Securities and Exchange Commission (SEC) earlier this year. Those ETFs could boost Dogecoin's price by attracting more retail and institutional investors. They would also make Dogecoin more comparable to Bitcoin and Ethereum, which were both cleared for their spot price ETFs last year. 2. The Trump administration's crypto-friendly policies The Trump administration is embracing cryptocurrencies with its planned launch of a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, and its appointment of Paul Atkins -- a strong supporter of the crypto industry -- as the new SEC chairman could clear the way for Dogecoin's ETFs. President Donald Trump has also been urging the Federal Reserve, which hasn't cut its benchmark rates this year, to accelerate its rate cuts to spur economic growth. If the Fed finally starts cutting rates again, many investors will rotate back toward riskier assets like Dogecoin. 3. Social media buzz and celebrity endorsements A lot of Dogecoin's early growth was driven by big endorsements from celebrities like Elon Musk, Mark Cuban, and Snoop Dogg. Musk sparked big rallies with his unpredictable tweets about Dogecoin, had Tesla start accepting Dogecoin payments for some of its products in late 2021, and X (formerly Twitter) recently integrated Dogecoin payments into its platform. His creation and brief leadership of the controversial Department of Government Efficiency (DOGE) under the Trump administration generated even more buzz for the meme coin. Dogecoin's huge social media presence -- which includes 2.7 million subreddit members on Reddit and 11.2 billion related views on TikTok -- amplified those gains. That support from celebrities and social media users could drive Dogecoin's price a lot higher on any positive developments. 4. The expansion of its developer ecosystem Dogecoin is mined with the same energy-intensive proof-of-work mechanism as Bitcoin. But unlike Bitcoin, which has a maximum supply of 21 million tokens, Dogecoin is an inflationary token with nearly 150 billion coins in circulation and no maximum supply. Therefore, it can't be valued by its scarcity like Bitcoin or other deflationary tokens. Dogecoin also doesn't support smart contracts, which are used to develop decentralized apps (dApps) and other crypto assets. That limitation is preventing it from becoming a major developer platform like Ethereum or Solana. The bears often argue that Dogecoin's lack of a developer ecosystem will inhibit its growth potential. But that could change as Dogecoin, an official Layer 2 blockchain built on Polygon, tethers more dApps and crypto assets to its cryptocurrency. 5. The whales are accumulating Dogecoin During the past year, some big anonymous investors -- known as whales -- ramped up their purchase of Dogecoin even as retail investors backed off. That more favorable sentiment isn't surprising, since ETF approvals, interest rate cuts, Musk's support, and the gradual expansion of Dogecoin's developer ecosystem could drive its price a lot higher. Considering that Dogecoin traded as high as $0.48 last December, a flurry of positive developments should easily drive it back to at least $0.40. I'm not saying it's a great long-term investment yet, but I wouldn't be too surprised if it doubles within the next year. Should you invest $1,000 in Dogecoin right now? Before you buy stock in Dogecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Dogecoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,099,758!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Solana, and Tesla. The Motley Fool recommends Polygon. The Motley Fool has a disclosure policy.
Globe and Mail
2 hours ago
- Globe and Mail
Babcock & Wilcox Announces Results of Its Cash Tender Offers For Two Series of Notes
Babcock & Wilcox Enterprises, Inc. ('B&W' or the 'Company') (NYSE: BW) announced today the expiration and results of its previously announced offers to purchase for cash (the 'Cash Offers') up to a maximum $70 million aggregate amount (the 'Offer Cap') of Tender Consideration (as defined below) of the Company's 8.125% Senior Notes due 2026 (the 'February 2026 Notes') and 6.50% Senior Notes due 2026 (the 'December 2026 Notes' and, together with the February 2026 Notes, the 'Notes'). The Cash Offers expired at 5:00 p.m., New York City time, on August 15, 2025 (the 'Expiration Time'). As of the Expiration Time, an aggregate principal amount of: (i) $109,021,800 of the February 2026 Notes were outstanding and an aggregate principal amount of $5,602,000 or approximately 5.14%, of the February 2026 Notes were validly tendered and not validly withdrawn; and (ii) $103,632,975 of the December 2026 Notes were outstanding and an aggregate principal amount of $2,693,100 or approximately 2.60%, of the December 2026 Notes were validly tendered and not validly withdrawn. The Company has accepted for payment all Notes validly tendered and not validly withdrawn prior to the Expiration Time pursuant to the settlement procedures described in the Offer to Purchase, dated June 5, 2025. Requests for documents relating to the Cash Offers may be directed to D.F. King & Co., Inc., the Tender Agent and Information Agent for the tender offer, at (800) 769-4414 (toll-free) or 212-269-5550 (collect). B. Riley Securities, Inc. acted as Dealer Manager for the Cash Offers. Questions regarding the Cash Offers may be directed to B. Riley Securities, Inc. by email at corporateactions@ or by calling toll-free at (833) 528-1067. This press release is not an offer to sell, or a solicitation of an offer to buy any of the securities described therein.
CTV News
2 hours ago
- CTV News
Host committee blames Tourism Calgary for loss of 2027 Indigenous Games
The Calgary host committee for the North American Indigenous Games is speaking out after the right to host the games in 2027 was taken waway. It's blaming Tourism Calgary, in part, for the failure. Last week, the games' council announced it was retracting Calgary's hosting rights, saying critical benchmarks were not met. The celebration of sport and culture was supposed to bring 5,000 athletes from across the continent to Calgary. Today, the local host society issued a statement, saying it faced shifting requirements and unreasonable demands. It said Tourism Calgary withheld operational funding from the City of Calgary, leaving the society without needed resources. The society called the actions a step backward for reconciliation in sport and culture. Tourism Calgary said the society did not meet key milestones and conditions, but wouldn't give any specifics -- and a spokesperson for the host committee, CEO Lowa Beebe, told CTV News they wouldn't give them any specifics either. The society says it's moving on and will rebrand, to try to organize another type of sporting event for Indigenous youth in Calgary.
