Here is Dogecoin Price If Its Market Cap Hits $1 Trillion
The price of Dogecoin could surge to an unprecedented level if DOGE attains a market capitalization of $1 trillion. Dogecoin has not registered any major surge since its incredible performance last month. Recall that the asset was among the early beneficiaries of the latest bull run. It outperformed Bitcoins (BTC) performance in the early phase of the rally, soaring 124.9% from $0.1907 to $0.4289 in one week. Dogecoin achieved this spectacular feat between November 7 and November 12, 2024. However, the token has been hovering within the $0.4 territory ever since. Currently, Dogecoin is priced at $0.4331, and its market capitalization is $63.72 billion, positioning it as the seventh biggest crypto on CoinMarketCap. Heres Dogecoin Price If Its Market Cap Hits $1T Notably, Dogecoin proponents are optimistic about the assets potential, with many projecting a possible spike to a hefty market cap of $1 trillion. As this forecast gains momentum, we analyzed how much DOGE could be if its valuation hits a jaw-dropping milestone of $1 trillion. Achieving a market cap of $1 trillion would automatically position Dogecoin as the second-biggest cryptocurrency, as this valuation surpasses Ethereums market cap of $480.65 billion. Notably, Dogecoin must surge by 1,469% from its current valuation of $63.72 billion to hit a market cap of $1 trillion. Applying this growth rate to the current price would see DOGE trade at $6.79 per token, assuming its circulating supply of 147.10 billion remains relatively stable. Therefore, if Dogecoin hits 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 skyrocket to $6.79 million if the $1 trillion market cap becomes a reality. Potential Timelines for Dogecoin Surge to $6.79 Interestingly, experts at Changelly, CoinCodex, and Telegaon have set different timelines for Dogecoins potential surge to the $6 territory. While Changelly expects Dogecoin to hit the $6.79 target between 2034 and 2039, CoinCodex set a time frame of 2041 - 2049 for DOGE to achieve the milestone.Furthermore, Telegaon predicts that the price of Dogecoin will soar to around $6.79 between 2031 and 2034, within seven to ten years from now. Whether Dogecoin can hit the $6.79 target within the projected time frames remains unclear. However, reaching the target requires the alignment of several factors, including the widespread adoption of Dogecoin for investment and payment purposes. This can be driven by Elon Musks continuous endorsement of the token.
Text source: The Crypto Basic
