🚀 Dogecoin ($DOGE ) Price Will Reach $1, Here's How 📈
🛑 After a few days of consolidation, Dogecoin ($DOGE ) is starting to pick up, climbing 31% from its lowest point this month.
This bounce has added around $5 billion in value, sparking speculation about whether DOGE could skyrocket 445% to reach $1.
Even though Dogecoin has made a comeback, it's still way off from its all-time high.
In fact, it's down 76% from its peak in 2021 and 65% lower than its high in 2024. Let’s dive into what it would take for the coin to leap and hit that $1 mark.
Dogecoin Price Can Reach $1 if Key Things Happen Such As:
The value of DOGE needs to rally by 445% to get to $1. Such a move would create a cryptocurrency with a market cap of nearly $150 billion, since its maximum circulation is 148.98 billion tokens.
A $150M valuation in the crypto market is possible. Bitcoin and Ethereum have already surpassed that milestone, while Tether and XRP are close behind.
As the biggest meme coin in crypto, such a climb is possible.
Additionally, a 445% surge, while large, is attainable in the crypto industry.
A notable example is Fartcoin, a Solana meme coin that bottomed at $0.2053 in March and has jumped by 443% to $1.095.
The DOGE price also has a record of having triple-digit gains. While its price has pulled back recently, it remains 200% above its 2023 lows.
📈 Dogecoin price can jump to $1 if there is a $BTC rally. A look at DOGE’s history reveals that it tends to rally only when BTC is in a strong bull run.
Therefore, with odds of a Bitcoin surge rising, there is a likelihood that it too will rally.
📝 Additionally, the SEC needs to approve a spot DOGE ETF, which will help it gain inflows from Wall Street investors. Odds of approval are high because it is a proof-of-work coin like Bitcoin.