Dogecoin Price Prediction $1 Coming Soon?

If Dogecoin hits new highs this year and surpasses USDC, calls for it to hit $1 soon will grow again.

In this bull run, it will be difficult for Dogecoin to achieve a 5x growth from current levels, but not impossible.

Imagine BTC breaks $100,000 in the next few quarters. This would mean a market cap of over $2 trillion for Bitcoin.

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

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

Let’s assume that its dominance drops to 40% (from 50% currently). In this scenario, it’s feasible that the cryptocurrency market cap excluding Bitcoin could reach around $3 trillion.

A market cap of $144 billion would put Dogecoin below 5% of the cryptocurrency market cap excluding Bitcoin.

These aren’t unrealistic growth numbers for the world’s most popular and well-known memecoin. In the wild crypto markets, anything can happen.