👀 Meme cryptocurrencies are seen as being dominated by Dogecoin (DOGE) – the poster child for memecoins itself was created in 2013.
🌟 Among enthusiasts or skeptics, a debate is raging whether Dogecoin can hit $10.
Starting from humble beginnings, Dogecoin rose 425368.85% from its all time low. Currently at a price of $0.37, DOGE has a large market capitalization of $53.91 billion.
🌟 These are big numbers, but they show that Dogecoin is resilient in a volatile crypto market. However, to hit a $10 price, Dogecoin’s market cap would need to skyrocket into trillions. As far as context goes, Bitcoin’s market cap is just over $1.8 trillion, so a price tag of $10 for DOGE is monumental.
🌟 Challenges to Dogecoin Reaching $10
In order for Dogecoin to reach a $10 valuation, it would first have to exceed a $1 trillion market cap based on current circulating supply. Here are the hurdles DOGE faces:
📢 Market Maturity , Competition, Inflationary Supply.
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