#binanceHolder
Holding our DOGE,
This would be the price of Dogecoin if Bitcoin reached $250,000, $500,000, $750,000, or $1 million.
If Dogecoin maintains its correlation with Bitcoin and BTC rises to between USD 250,000 and USD 1 million, DOGE could rise along with it to reach equally high targets.
Since Dogecoin fell to a several-month low of $0.1315 on April 7, it has made significant efforts to recover. At the time of writing this article, DOGE was trading at $0.1617 per coin, representing a gain of 22.96% since its low on April 7.
Correlation of Dogecoin with Bitcoin
It is worth noting that the price of DOGE tends to fluctuate when Bitcoin rises and falls. Therefore, the recent price fluctuation of Bitcoin affected the performance of DOGE this month.
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To provide context, the popular blockchain analysis platform IntoTheBlock reports that DOGE has a 97% correlation with Bitcoin over the last 30 days and 95% over the last 60 days. This indicates that Bitcoin's performance significantly influences the price of Dogecoin.
Given the high correlation between Dogecoin and Bitcoin, several investors expect DOGE's price to soar dramatically if BTC reaches high targets like $250,000, $500,000, $750,000, or $1 million.
Bitcoin Predictions: 250,000, 500,000, 750,000, and 1 million dollars
It is worth mentioning that leading cryptocurrency analysts have already set these ambitious targets for Bitcoin. For example, Arthur Hayes, former CEO of the cryptocurrency exchange platform BitMEX, predicted that Bitcoin would reach the $250,000 target by the end of this year.
Geoffrey Kendrick, head of digital asset research at Standard Chartered, forecasts that Bitcoin will reach a target of $500,000 by January 2029, before President Donald