What’s The Value Of Dogecoin If It Matches Bitcoin And Ethereum Market Caps?

What’s The Value Of Dogecoin If It Matches Bitcoin And Ethereum Market Caps?
Source:NewsBTC
00:00 / 00:00

Dogecoin’s value could see massive gains if the leading crypto were to reach Bitcoin and . It is worth noting that DOGE already ranks among the top 10 cryptos by market cap and has reached higher valuations in the past. 

Dogecoin’s Value If It Matches Bitcoin And Ethereum Market Caps

shows that Dogecoin’s value could see a 98.50x gain if it were to reach Bitcoin’s market cap of $1.4 trillion. This will also give the foremost meme coin a price tag of $9.32, marking a new for DOGE, with its current ATH at $0.74, reached in 2021. 

Meanwhile, further data from MarketCapOf shows that Dogecoin’s value could see an 18.63x gain if it were to reach Ethereum’s market cap of $270 billion. This will give DOGE a price of $1.76, marking a new ATH for the foremost meme coin. It is worth noting that crypto analysts such as that the meme coin could rally above the psychological level in the next bull run. 

However, Dogecoin won’t reach a new all-time high if it were to reach of $84 billion, with XRP being the third-largest crypto asset, excluding stablecoins. MarketCapOf data show that DOGE’s price would be $0.55 if it reached an $84 billion market cap. 

Interestingly, DOGE reached a peak market cap of $80 billion when it rose to its current ATH of $0.74 in the . However, its total supply has significantly increased since then. As such, a similar market cap of $80 billion means a lower price for Dogecoin since its supply has been largely diluted. 

Real Rally For DOGE Is About To Begin

Crypto analyst CW said in an that the real rally for Dogecoin is about to begin. This came as the analyst noted that DOGE is waiting at the starting line and that the golden crosses on the sub-indicators are expected to appear soon. His accompanying chart showed that could rally above $1 by year-end, marking a new ATH for the foremost meme coin. 

Crypto analyst that a big move is on the horizon for Dogecoin. The analyst noted that price has been compressing for 60 days straight, building higher lows and creating sell-side liquidity, while also building lower highs and creating buy-side liquidity. The foremost meme coin could see a significant rally to the upside, especially with the agreeing to reach a 2-week ceasefire. 

Related Reading:

At the time of writing, the Dogecoin price is trading at around $0.095, up over 4% in the last 24 hours, according to from CoinMarketCap.