💵 According to CryptoNews: $DOGE Price Prediction

If Dogecoin is to hit new highs for the year above $0.23 and overtake USDC, calls for it to soon hit $1 will grow once again.

It will be difficult for Dogecoin to achieve 5x growth from current levels this bull market, but not impossible.

Imagine a scenario where BTC breaks above $100,000 in the coming quarters. That would mean Bitcoin’s market cap moving above $2 trillion.

Well, for Dogecoin to reach $1, its market cap would “only” need to grow to around $144 billion. That would only be around 7% of Bitcoin’s market cap.

Let’s also assume that as Bitcoin breaks above $100,000 and its market cap above $2 trillion, its dominance declines.

Say its dominance declines to 40% (from the current 50%). It’s feasible that the cryptocurrency market cap excluding Bitcoin could reach around $3 trillion in this scenario.

A market cap of $144 billion would put Dogecoin at under 5% of the crypto market cap, excluding Bitcoin.

These are not unrealistic growth numbers for the world’s most popular and well-known meme coin. In the wild crypto markets, anything can happen.

Traders shouldn’t rule out $1 Dogecoin in 2024 or 2025.

#Dogecoin‬⁩