A house. That’s whatBilly Markus, also known as Shibetoshi Nakamoto, sees on the horizon ifDogecoin (DOGE) experiences another 500% surge. As one of the creators of the major meme cryptocurrency, Markus knows the currency’s unpredictable highs and lows better than most.
At its current price of $0.38, DOGE has a market capitalization of $56.23 billion. These figures are impressive, but they are still a long way from its all-time high. Back in May 2021, it hit a peak of $0.7376, boosting its market cap to $89.08 billion.
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To reach 500% of that, the coin would need to hit $2.28, which would mean a mind-boggling market cap of around $336 billion — a level few cryptocurrencies have ever reached.
if doge goes up another 500% i can buy a house
— Shibetoshi Nakamoto (@BillyM2k) January 5, 2025
Is this realistic expectation?
Well, that depends.Dogecoin has always been influenced by forces that go beyond traditional market dynamics. Social media trends, celebrity endorsements and community enthusiasm have propelled it forward before, often defying expectations. When it surged in 2021, the spike was rapid, dramatic and driven by viral momentum. But sustaining that kind of growth is a complex challenge.
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The whole cryptocurrency market also has a say in it. For Dogecoin to climb so drastically, we would need a combination of favorable market conditions, increased adoption and strengthened investor confidence. Maybe even aDOGE ETF would be needed. Without these things, the 500% surge is probably just wishful thinking.
But it's important to remember that DOGE was not designed to follow the usual path. It started as a joke, but it now has cultural and financial weight that few could have predicted.
