Here’s How Much 1 Dogecoin Could Be Worth if DOGE Market Cap Reaches $500B:
As Dogecoin bulls dominate the market, this analysis examines the potential price of DOGE should the bull momentum drive its market cap to $500 billion.
Today, Dogecoin posted a 13% gain, trading at $0.3863. When considering Dogecoin’s December dip price of $0.2644, the meme coin has advanced by 46.3%. With the ongoing bull momentum, speculation is high regarding where Dogecoin is headed in the short-term and long-term.
Amid this, this article explores what Dogecoin could be worth if its market cap reaches the lofty psychological price points of $500 billion.
Dogecoin Price if Market Cap Reaches $500B
At its current price, Dogecoin boasts an impressive market cap of $57 billion. This valuation allows the meme coin to rank as the seventh most prominent crypto asset in the $3.4 trillion crypto market.
To attain a $500 billion market cap, Dogecoin would need nearly a ten-fold price increase. Specifically, for Dogecoin to reach a half-trillion-dollar cap, its current valuation would need to expand by 777.2%. This would elevate Dogecoin’s price from $0.3863 to $3.39.
Notably, many market observers have expressed confidence in Dogecoin’s potential to reach $3 in this cycle. For context, at a $500 billion valuation, Dogecoin would rival Mastercard and Exxon Mobil, among the most valuable corporations in the world.
Meanwhile, the optimism for Dogecoin’s potential extends far beyond $3, requiring an even greater market cap.