Dogecoin will reach a new record of all time if its market capitalization rises to unprecedented levels such as $ 397 billion or $ 2.02 billions of dollars.
Dogecoin’s performance in recent weeks has been far from impressive. Despite the recent rescue rally on the wider cryptography market, the token has been negotiated around $ 0.3 in recent days.
Dogecoin experienced a slight decrease of 0.2% in the last 24 hours and 0.68% in the last 30 days. However, he underwent more losses in last week, totaling 6.16%.
Despite this drop, many investors are optimistic that Dogecoin will always record another major rally this cycle, as it did on the 2020/2021 market.
In the midst of these projections, some have wondered how the Dogecoin price will increase if its market capitalization rises to $ 397 billion or $ 2.02. It should be mentioned that these evaluations represent that of Ethereum (ETH) and Bitcoin (BTC), respectively.
Dogecoin price at Bitcoin and Ethereum Boursière
Consequently, we have estimated the price of Dogecoin if its evaluation is equal to that of the two largest cryptocurrencies in the world: Bitcoin and Ethereum.
At the time of the press, Dogecoin ranks like the eighth largest cryptocurrency, with a market capitalization of $ 48.41 billion. It is currently at a price of $ 0.3274 per token. Its daily volume increased by 36.61% to $ 1.75 billion, which represents 3.61% of the world’s world trading volume.
Currently, Dogecoin has a circulating offer of 147,861,546,383 tokens (147.86 billion).
Dogecoin price at Bitcoin Bourse Capté
For the context, Bitcoin remains the largest cryptocurrency in the undisputed world, with a market capitalization of 2.02 billions of dollars. To equal the Bitcoin market capitalization, Dogecoin should increase 4,072% compared to its current valuation of $ 48.41 billion.
If Doge embarks on a rally of 4,072% and is equivalent to Bitcoin market capitalization, its price will reach $ 13.65 per token, assuming that its circulating offer remains stable at 147.86 billion tokens.
At this expected price, a portfolio of 100,000 DOGE worth $ 32,740 with the current value of $ 0.3274 per token will soar at $ 1.36 million.
Dogeying price for market capitalization of the current Ethereum
The current market capitalization of Ethereum of 397.33 billion dollars makes it the second largest cryptocurrency in the world. For Dogecoin to be equal to this market capitalization, it must increase by 720% compared to its current evaluation of $ 48.41 billion.
The application of the same growth rate at the price of Dogecoin will push it to around $ 2.68 per token, assuming that the Doge circulation supply remains relatively stable.
At a price of $ 2.68, a portfolio of 100,000 DOGE is worth $ 268,000 compared to its current value of $ 32,740.
Can Dogecoin reach $ 2.68 or $ 13.65?
Dogecoin must increase respectively by 720% and 4,072% to achieve price targets of $ 2.68 and $ 13.65. These astronomical rallies require Dogecoin to have a wider utility and generalized adoption.
The token could also achieve this feat if it is integrated into major payment networks, with larger figures beyond Elon Musk approving it for the mass adoption of retail and institutional investors.
Interestingly, institutions show a significant interest in Dogecoin, as evidenced by the number of ETF requests submitted by potential transmitters, as Bitwise.
Interestingly, analysts have affiliated to the Crypto Changelly trading platform believe This Dogecoin can reach the goal of $ 2.68 by September 2032, in almost eight years. However, they expect Dog to wait eight years before it reached the target of $ 13.65 by 2040.
Whether Doge never reaching $ 2.68 or $ 13.65 in his life remains to be seen.
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.