Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming?

Cryptonews Price Predictions Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming?
Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming?

Joel Frank
Last updated: April 10, 2024 20:36 EDT | 3 min read

Dogecoin Price Prediction as DOGE Approaches USDC Market Cap – $1 Incoming? / Source: Cryptonews
The Dogecoin (DOGE) price is attempting to break back to the north of $0.20, with the crypto market’s biggest meme coin rallying in tandem with Bitcoin on slowing GBTC outflows, with DOGE’s market cap approaching USDC’s.
Dogecoin’s market cap was last around $27.8 billion, while total USDC issuance is just over $32 billion.
Dogecoin’s price would need to reach just above $0.22 if Dogecoin is to overtake USDC. That’s could be achieved if DOGE is able to retest its recent highs near $0.23.
USDC is the US dollar-pegged stablecoin issued by US crypto company Circle. USDC is the second largest stablecoin in the world by issuance, lagging only Tether’s USDT.
Dogecoin overtaking USDC’s market cap is purely symbolic, but would be a big milestone for the meme coin. But it suggests that meme coins are likely to remain a key part of the crypto landscape.
With Bitcoin eyeing a breakout of its current multi-week range, risk appetite could soon rise in the meme coin sector.
