The Dogecoin price should develop 30 times to reach the market capitalization of billions of dollars from the Tesla electric cars.
Dogecoin continues to maintain his reign as one of the most important cryptographic assets, and the eyes were there to see how he could work in this market cycle. Market players have speculated on various results, including the possibility that Dogecoin achieves the evaluation of Tesla.
This discussion has weight in the middle of Elon Musk’s endorsements, including the fact that certain goods from the Tesla store are Purchase with DOGE.
Consequently, this article explores the potential valuation of the Dogecoin market in the hypothetical scenario where it reaches Tesla’s market capitalization.
Dogecoin price for Tesla market capitalization
Currently, Tesla has a market capitalization of $ 1.159 Billion of $ 360.56 $ 360, according to CompanymarketCap.com. This assessment places the company with electric cars in 11th position in the world ranking of the most precious assets.
Meanwhile, Dogecoin’s market capitalization is 37.51 billion dollars, ranking as the most precious cryptographic eighth. For Dogecoin to reach Tesla’s market capitalization, its valuation should develop by 30 times.
Specifically, the market capitalization of Dogecoin should increase by 2,990% compared to its current position to reach 1.159 Billion of Tesla dollars. In particular, the unit price of Dogecoin is currently $ 0.25332. As a result, 30x growth would mean a negotiation price of $ 7.823 per Doge.
For the context, those who hold 15,000 DOGE tokens worth $ 3,798 today would see their investments extend to $ 117,352. Although this perspective is attractive, the question remains whether Dogecoin could reach a market capitalization of $ 1 Billion and how long it could take.
Chronology so that Doge reaches Tesla’s market capitalization
According to Trader Alan in the cryptographic community, Dogecoin can reach $ 8 by the next market cycle in 2028. Commentators of the Telegaon prediction platform market agree with this calendar.
More specifically, they suggested A minimum price of $ 5.72 for Dogecoin by 2028, an average of $ 7.89 and a maximum of $ 9.12 by then.
With an offer of 148.12 billion tokens, a price of $ 9.12 would involve a market capitalization of 1.35 billion of dollars, which exceeds the current evaluation of Tesla.
However, according to the chronology of 2028, it is plausible that Tesla’s market capitalization has expanded.
Meanwhile, analysis of the change in crypto exchange suggest This Dogecoin could still be negotiated below $ 1 by 2028.
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.