Here’s how much one Dogecoin could be worth if DOGE’s market cap reaches $500 billion or $1 trillion
Since the market is dominated by Dogecoin bulls, this analysis examines the potential price of DOGE if bullish momentum pushes the market cap to $500 billion or $1 trillion.
today, Dogecoin It posted a 13% gain, trading at $0.3863. When considering Dogecoin’s December low of $0.2644, the meme coin advanced 46.3%. With the continued bullish momentum, there is high speculation about where Dogecoin is headed in the short and long term.
Amidst this, this article explores what Dogecoin could be worth if its market capitalization reaches the lofty psychological price points of $500 billion and $1 trillion.
Dogecoin price if market cap reaches $500 billion
At its current price, Dogecoin has a staggering market cap of $57 billion. This valuation allows the meme coin to rank seventh among the most prominent crypto assets in the $3.4 trillion cryptocurrency market.
To reach a market cap of $500 billion, Dogecoin would need to increase its price approximately tenfold. Specifically, for Dogecoin to reach the half-trillion-dollar cap, its current valuation would need to expand by 777.2%. This will raise the price of Dogecoin from $0.3863 to $3.39.
It is worth noting that many market observers expressed their confidence in this Dogecoin can reach $3 In this course. For context, at a valuation of $500 billion, Dogecoin will rival MasterCard and ExxonMobil, among the most valuable companies in the world.
Meanwhile, optimism about Dogecoin’s potential extends beyond $3, requiring a larger market cap.
Dogecoin price if market cap reaches $1 trillion
From an approximate market capitalization of $57 billion, Dogecoin’s valuation would need to grow by 17X or 1,654% to reach $1 trillion. This lofty threshold corresponds to the market price of $6.78 for Dogecoin.
Notably, this price of $6.78, which would require a market cap of $1 trillion, would put Dogecoin in competition with the valuations of Berkshire Hathaway and Tesla. However, some market analysts have suggested higher price points Dogecoin, including $10 And $37.
Analysts are calling for ambitious prices for DOGE
Among those advocating this ambitious view for Dogecoin is widely followed technical analyst Tardigrade.
In a recent analysis, he noted that Dogecoin’s price action is in line with a “Power of Three” pattern, predicting a rise beyond $1 soon and possibly reaching $30 before the end of 2025.
Another analyst, Balu, expects so Dogecoin could peak at $37 As early as May 2025. However, critics have called for caution against such speculative targets.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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