Heres How High 1 Dogecoin Would Be Worth If DOGE Equals XRP or BNB Market Cap

Dogecoin could experience a remarkable surge if its market capitalization potentially equals that of established cryptocurrencies like XRP and BNB. The recent downturn in the broader crypto market had a devastating impact on Dogecoin, plunging its price below $0.2. As of 07:42 (UTC) on February 8, Dogecoin was trading at $0.1969, marking a 24-hour decline of 1.54%. The firstborn meme coin is also down 3.47% in the past week and has plunged 25.64% over the past 30 days. Despite this decline, DOGE has experienced a slight increase this month, registering an MTD growth of 5.38%.

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Amid DOGEs recent mixed-price action, its community has remained focused on its positive strides, fueling ambitious speculations. For instance, some users wonder how much DOGE would be worth if Dogecoin successfully equaled the market cap of established cryptos like XRP or BNB. Overview of DOGE, XRP, and BNB Valuations It is noteworthy that XRP and BNB currently rank among the top five cryptos by market cap. While XRP is the fourth-biggest cryptocurrency globally, BNB is in fifth place. Currently, XRP has a market cap of $137.13 billion, with a token trading at $2.36 in the hours leading up to press time. On the other hand, BNB, which trades at $596.81 per coin, has a valuation of $85.4 billion. However, Dogecoins market cap is significantly lower than XRPs and BNBs, respectively. At a price of $0.1969, Dogecoin sits on a $29.2 billion market cap. DOGE Price If It Matches BNB or XRP Market Caps This suggests that Dogecoin must surge 192.46% from its current market cap to equal BNBs $85.4 billion valuation. It would also require a significant growth of 369.62% to match XRPs $137.13 billion market cap. If Dogecoin achieves this feat and matches BNB or XRPs market cap, it would massively impact the tokens price. Since equaling the BNB market cap demands a surge of 192.46%, this would potentially take DOGEs price to $0.5758. Similarly, DOGEs price will soar to $0.9246 if it surges 369.62% to equal XRPs $137.13 billion market cap. Both estimates assume that Dogecoin maintains its circulating supply of 148.34 billion. Potential Surge to $0.57 or $0.92 Targets For context, Dogecoins potential surge to $0.5758 is 21.93% below the assets previous all-time high of $0.7376, registered on May 8, 2021. Conversely, the $0.9246 target is slightly higher than DOGEs previous ATH, representing a 25.35% increase. Interestingly, Changelly experts believe Dogecoin can reach the first target quickly. According to the experts, DOGE will hit the $0.57 mark this month, with the analysts setting a maximum target of $0.829 for March. However, they expect Dogecoin to wait for another five years before it can eventually hit the $0.9246 target by March 2030. By this time, they project that DOGE will reach a maximum target of $0.948. Meanwhile, Dogecoin may hit the $0.9246 target sooner, driven by strong institutional adoption via the upcoming DOGE ETFs. Nonetheless, investors should be cautious and not rely on this analysis as investment advice.

Text source: The Crypto Basic

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