Here is the price of Dogecoin if its market cap reaches $1 trillion

The price of Dogecoin could reach an all-time high if DOGE reaches a market cap of $1 trillion.

Dogecoin has not seen any major increases since its incredible performance last month. Remember that the asset was among the first beneficiaries of the last bull run.

He outperformed Bitcoin’s (BTC) performance at the start of the rally soared 124.9%, from $0.1907 to $0.4289 in a week. Dogecoin achieved this spectacular feat between November 7 and 12, 2024. However, the token has since been oscillating in the $0.4 zone.

Currently, Dogecoin’s price is $0.4331 and its market cap is $63.72 billion, positioning it as the seventh largest crypto on CoinMarketCap.

Here is the price of Dogecoin if its market cap reaches $1 trillion

Notably, Dogecoin supporters are optimistic about the asset’s potential, with many predicting an eventual rise to a strong market cap of $1 trillion. Like this forecast is gaining momentum, we analyzed how much DOGE could be worth if its valuation reached the mind-blowing milestone of $1 trillion.

Reaching a market cap of $1 trillion would automatically position Dogecoin as the second largest cryptocurrency, as this valuation exceeds Ethereum’s market cap of $480.65 billion.

Notably, Dogecoin needs to rise 1,469% from its current valuation of $63.72 billion to reach a market cap of $1 trillion. Applying this growth rate to the current price, DOGE would trade at $6.79 per token, assuming its circulating supply of 147.10 billion remains relatively stable.

Therefore, if Dogecoin reached a market cap of $1 trillion, its price would be around $6.79. This suggests that a portfolio of 1 million DOGE, currently worth $433,100, would rise to $6.79 million if the $1 trillion market cap becomes a reality.

Potential Timelines for Dogecoin’s Rise to $6.79

Interestingly, experts from Changelly, CoinCodex, and Telegaon have set different time frames for Dogecoin’s potential climb toward $6 territory.

While Changelly wait Dogecoin must reach the target of $6.79 between 2034 and 2039, CoinCodex has set a time frame of 2041 to 2049 for DOGE to reach this milestone.

Furthermore, Telegaon predicts that the price of Dogecoin will reach around $6.79 between 2031 and 2034, seven to ten years from now.

It is not yet clear whether Dogecoin will be able to reach the $6.79 target on schedule. However, achieving the goal requires aligning several factors, including widespread adoption of Dogecoin for investment and payment purposes. This may be driven by Elon Musk’s continued endorsement of the token.