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#BRC20 tokens soar. Will the momentum continue?
Dogecoin Price Prediction – $1 Incoming?
If Dogecoin is to hit new highs for the year above $0.23 and overtake USDC, calls for it to soon hit $1 will grow once again.
It will be difficult for Dogecoin to achieve 5x growth from current levels this bull market, but not impossible.
Imagine a scenario where BTC breaks above $100,000 in the coming quarters. That would mean Bitcoin’s market cap moving above $2 trillion.
Well, for Dogecoin to reach $1, its market cap would “only” need to grow to around $144 billion. That would only be around 7% of Bitcoin’s market cap.
Let’s also assume that as Bitcoin breaks above $100,000 and its market cap above $2 trillion, its dominance declines.
Say its dominance declines to 40% (from the current 50%). It’s feasible that the cryptocurrency market cap excluding Bitcoin could reach around $3 trillion in this scenario.
A market cap of $144 billion would put Dogecoin at under 5% of the crypto market cap, excluding Bitcoin.
These are not unrealistic growth numbers for the world’s most popular and well-known meme coin. In the wild crypto markets, anything can happen.
Traders shouldn’t rule out $1 dogecoin in 2024 or 2025.#ContentStar