DOGE's market value is currently seriously underestimated by the market, which is extremely disproportionate to its status as an old cryptocurrency. As of 18:00 on April 8, the ratio of the market value of mainstream coins to Binance's 24-hour trading volume shows that DOGE's valuation is far below the industry average.

Specifically, the ratio of BTC's market value to trading volume is 65 times, ETH is 31 times, SOL is 34 times, BNB is 56 times, XRP is 23 times, ADA is 57 times, and DOGE is only 12 times. This figure is obviously low, reflecting that the market has not yet fully recognized the potential of DOGE.

If calculated based on the industry average of 44.3 times, DOGE's reasonable valuation should be 106.9 billion, corresponding to a unit price of 0.72U. This valuation far exceeds its current market value, showing DOGE's huge room for growth.

As an old cryptocurrency with broad consensus, massive supporters and authoritative endorsement, DOGE has a strong explosive power in this round of bull market. As the market rediscovers its value, DOGE will inevitably quickly return to its rightful position and set new highs.

We predict that by 2024, DOGE's market value will reach at least half of ETH's market value, that is, 210 billion U, corresponding to a unit price of 1.4U. In a better market, DOGE may even reach a price of 2U.

In the future, DOGE is expected to continue to maintain a steady trend and become one of the mainstream cryptocurrencies after BTC and ETH. Let us wait and see and witness the rise of DOGE together.

In short, judging from the current market data and trends, DOGE has huge investment value and growth potential. As investors, we should pay close attention to its market dynamics, seize investment opportunities, and jointly welcome the brilliant future of DOGE.

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