Dogecoin could recover most of its recent losses and reach a new summit of all time if it successfully captures half of the Bitcoin market capitalization.
The wider market of cryptography took another hit yesterday, which made the best active as Dogecoin (DOGE) are experiencing significant decreases.
The last Dogecoin price action
For the context, the Dogecoin price reached a daily summit of $ 0.2606 on February 21, 2025, after reports that the dry has abandoned its trial against Coinbase.
While the industry still celebrated this feat, confirmed He was hacked up to $ 1.46 billion in ERC-20 tokens. Subsequent watch This Lazare group of North Korea has perpetrated this devastating attack.
As expected, the report has spread panic in the industry, many investors presenting itself safely by selling volatile cryptos for stablecoins. This dropped DOGE at $ 0.2,351, marking a drop of 9.78% compared to its top price of $ 0.2606, recorded on February 21.
At the time of the press, DOGE rebounded slightly at $ 0.2,442 per token. However, the token is still down 3.74% in the last 24 hours and 11.6% in last week.
Investors remain confident in the potential of Dogecoin, not discouraged by the latest drop and optimistic about a future rally. Some even project that Dogecoin could win half of the Bitcoin market capitalization in the future.
This optimism stems from positive updates relating to Dogecoin, including the growing institutional interest for DOGE, as the multiple reflects deposit For an ETF spot attached to the token.
Dogecoin price if it captures 50% of Bitcoin market capitalization
Based on these speculation, we estimated the amount of Doge could exchange if it captured half of the current Bitcoin assessment.
Dogecoin is currently on a market capitalization of 36.16 billion dollars, positioning it as the eighth largest cryptocurrency in the world. In comparison, Bitcoin ranks like the largest cryptocurrency in the world, with a market capitalization of 1.9 billion of dollars.
In particular, half of the Bitcoin market capitalization is $ 950 billion. Consequently, if Dogecoin captures half of the current Bitcoin market capitalization, it will have an assessment of $ 950 billion.
To reach this feat, Dogecoin must climb 2,527% compared to its current evaluation of $ 36.16 billion. A market capitalization of $ 950 billion for Dogecoin will bring its price to $ 6.4151.
It should be mentioned that this analysis assumes that Dogecoin does not undergo significant changes in its food in circulation, which is currently 148.14 billion Doge.
Doge to $ 6 predictions
Interestingly, several experts believe that the $ 6 target is possible for Dogecoin. According to the pseudonym analyst Doge Lord, Dogecoin to go up to the objective of $ 6 this year.
However, Changelly experts believe This could take much more time, considering a delay between 2035 and 2039. Meanwhile, the highest prediction platform Telegaon suggests that Dogecoin will reach the objective of $ 6 by 2028, in three years. The platform fixes the minimum and maximum DOGE targets for $ 2028 to $ 5.72 and $ 9.12, respectively.
Despite optimism surrounding these projections, there is a need for prudence, given the volatile nature of cryptos.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.