Here is the price of Dogecoin if Doge captures 50% of the market capitalization of global cryptography

The Dogecoin price could rise double -digit if Doge finally captures half of the global market capitalization of cryptography.

Dogecoin (Doge) always makes movements to recover from the recent slowdown in the market. Coinmarketcap data indicate that the price of Dogecoin has increased by 6.51% in the last 24 hours and 13.39% in the last seven days.

At the time of writing this document, DOGE is negotiated at $ 0.2423, with a daily volume of $ 2.56 billion. Currently, Dogecoin has an assessment of $ 35.26 billion, making it the eighth largest cryptocurrency by market capitalization.

Despite being a piece of meme, Dogecoin always ranks on several utility tokens, including Cardano (ADA), Tron (TRX) and ChainLink (Link).

After this last rally, Dogecoin enthusiasts speculate on its price if it should capture 50% of the world market capitalization of cryptography. This scenario sparked a mixed reaction of curiosity and excitation within the Dogecoin community.

Consequently, we estimated the Dogecoin price if it ends up leading to half of the world market capitalization of cryptography.

Dogecoin price if it captures 50% of the market capitalization of global cryptography

At the time of writing the time of writing, the global market capitalization of cryptography amounts to 3.25 billions of dollars. The evaluation of $ 35.26 billion in Dogecoin represents 1.26% of the market capitalization of global cryptography.

Consequently, the capture of half of the global market capitalization of cryptography will push the Dogee assessment to around 1.63 billion of dollars, exceeding the current value of Ethereum. This represents a overvoltage of 3,850% compared to the current market capitalization of Dogecoin, which currently amounts to $ 35.26 billion.

If Dogecoin finally achieves a market capitalization of $ 1.63 billion, its price could increase to $ 11, assuming that its supply in circulation remains stable to 148.05 billion tokens.

The meaning of this wave cannot be overestimated. A portfolio of 100,000 DOGE worth $ 27,850 is $ 1.1 million if Dogecoin wins 50% of the market capitalization in global cryptography and achieved a price target of $ 11.

Doge to $ 11 predictions

In particular, several market observers believe that Dogecoin is able to reach the price bar of $ 11 in his life.

In November, the merchant of a pseudonym Cryptographic Chartist Tardigrade referred to the performance of Dogecoin in the Gaussian canal to predict an increase in the territory of prices of $ 11. At the time, Tardigrade suggested This DOGE will only reach this feat if it reproduces its performance during the 2020/2021 market cycle.

In addition, Changelly Crypto experts believe Dogecoin could win the goal of $ 11. According to experts, Dogecon will reach around $ 11 in January 2040, in almost 15 years.

At that time, they expect Dogecoin to be negotiated at an average price of $ 11.56, with minimum and maximum Doge objectives set at $ 10.80 and $ 13.74, respectively.