How Much 1 Dogecoin Would Cost If It Hits Bitcoin's Market Cap
Dogecoin (DOGE), the most popular meme coin, has become a crypto currency. Even though Dogecoin is growing rapidly, what would its price be if it approached Bitcoin (BTC), the world's biggest cryptocurrency? With Bitcoin's large worth, sources say DOGE's price might rise over $10 if it reaches a comparable market cap.
Dogecoin Price Bitcoin Market Cap
Bitcoin has the largest crypto market valuation at $1.63 trillion. The two biggest cryptocurrencies are insurmountable compared to Dogecoin, which has a $25.5 billion market valuation.
Dogecoin costs $0.17. The market crash has caused major volatility and price drops for the meme currency in recent weeks.
DOGE would reach $11.02 per coin if its market capitalization reached $1.6 trillion, matching Bitcoin. From under $1, this is a big jump.
Dogecoin might reach Bitcoin's market valuation, but it would need strong positive forces. Dogecoin's market valuation must rise 63.72X before reaching Bitcoin's. To achieve $11, the meme currency must rise 6,382.5%.
This rally requires supply reduction, community support, and bullishness. Instead of Bitcoin's 21 million coins, Dogecoin constantly adds millions more. Its tokenomics may hinder market cap growth due to inflation.
Doge's market value may rise depending on market mood. The DOGE price has been pushed by market excitement, social media influences, and Elon Musk endorsements due to its meme currency characteristics. While viral trends have caused Dogecoin's price spikes, a jump above $11 would need usefulness and demand that match Bitcoin.
The expert said that DOGE is between $0.15 and $0.22, which might trigger an ATH. He expects the meme currency to rise beyond $3.6 after this push.
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