#Dogecoin could exceed the $1 psychological mark if Bitcoin and Ethereum spike to $325,000 and $22,500, as projected by VanEck.

Crypto prices have soared tremendously since last month, with top assets like Bitcoin (BTC) and Ethereum (ETH) surging above $100,000 and $4,000, respectively. Although ETH has witnessed a pullback below the $4,000 mark, Bitcoin currently trades above $100,000.

Nonetheless, the premier crypto assets are preparing to clinch some audacious targets issued by top experts. Specifically, Matthew Sigel, Head of Digital Asset Research at VanEck, set a bullish price target of $325,000 for Bitcoin in June. Interestingly, he also projected that Ethereum will someday trade at $22,500.

Dogecoin Correlation with Bitcoin and Ethereum 

If VanEck’s prediction for Bitcoin and Ethereum comes true, other crypto assets like Dogecoin (DOGE) will also surge to unprecedented levels, given their correlation.

The price movements of Bitcoin and Ethereum usually determine the trajectory of other assets like Dogecoin. An increase in Bitcoin and Ethereum prices translates to a positive performance for DOGE and vice versa.

Data from IntoTheBlock shows that Dogecoin has a 97% correlation with Bitcoin over the past 30 days. Similarly, Dogecoin also boasts a strong correlation of 86% with Ethereum’s price action in the same timeframe.
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