Heres How Much 1 Dogecoin Could Be Worth if DOGE Market Cap Reaches $500B or $1T
As Dogecoin bulls dominate the market, this analysis examines the potential price of DOGE should the bull momentum drive its market cap to $500 billion or $1 trillion.Today, Dogecoin posted a 13% gain, trading at $0.3863. When considering Dogecoins December dip price of $0.2644, the meme coin has advanced by 46.3%. With the ongoing bull momentum, speculation is high regarding where Dogecoin is headed in the short-term and long-term.Amid this, this article explores what Dogecoin could be worth if its market cap reaches the lofty psychological price points of $500 billion and $1 trillion.Dogecoin Price if Market Cap Reaches $500BAt its current price, Dogecoin boasts an impressive market cap of $57 billion. This valuation allows the meme coin to rank as the seventh most prominent crypto asset in the $3.4 trillion crypto market.To attain a $500 billion market cap, Dogecoin would need nearly a ten-fold price increase. Specifically, for Dogecoin to reach a half-trillion-dollar cap, its current valuation would need to expand by 777.2%. This would elevate Dogecoins price from $0.3863 to $3.39.Notably, many market observers have expressed confidence in Dogecoins potential to reach $3 in this cycle. For context, at a $500 billion valuation, Dogecoin would rival Mastercard and Exxon Mobil, among the most valuable corporations in the world.Meanwhile, the optimism for Dogecoin's potential extends far beyond $3, requiring an even greater market cap.Dogecoin Price if Market Cap Reaches $1 TrillionFrom its approximate $57 billion market cap, Dogecoins valuation would need to grow by 17X or 1,654% to reach $1 trillion. This lofty threshold would correspond to a market price of $6.78 for Dogecoin.Notably, this $6.78 price, requiring a $1 trillion market cap, would put Dogecoin in competition with the valuations of Berkshire Hathaway and Tesla. Yet, some market analysts have suggested even higher price points for Dogecoin, including $10 and $37.
Text source: The Crypto Basic
