Dogecoin price will need to increase by a small margin for the meme coin to reach the peak market cap of ( Elon Musk’s ) .
The ongoing crypto market volatility has dealt a blow to Dogecoin price, negatively impacting its market cap over the past few weeks. For instance, after soaring 15.76% on Sunday, March 2, on the back of President Donald Trump’s crypto reserve announcement, DOGE slumped by a more substantial 16.79% the next day.