Here is Dogecoin Likely Price if Bitcoin is Able To Reach $1 Million
Dogecoin could see its value approach the double-digit price range in a market where Bitcoin hits the $1 million mark.
Dogecoin has often capitalized on Bitcoin’s momentum, soaring to new highs as Bitcoin enters its price discovery phase. At press time, Dogecoin is hovering around $0.25, boasting a yearly gain of 210%. In comparison, Bitcoin is trading at $96,000, reflecting a year-to-date gain of 115%.
As Bitcoin edges closer to reclaiming the $100,000 mark and possibly heading into even higher price ranges, investors are increasingly eyeing Dogecoin as a way to profit from the bullish market.
Among the boldest forecasts for Bitcoin’s future is the prediction of a $1 million valuation, a target set by several prominent experts, including Bernstein.
This article explores the conceivable value of Dogecoin if Bitcoin were to hit the $1 million milestone.
Top Forecasts for Bitcoin to Hit $1 Million
In a report released in June 2024, Bernstein argued that Bitcoin could attain a $1 million price by 2033.
Meanwhile, business author Robert Kiyosaki has also suggested that Bitcoin could reach $1 million within this decade. Similarly, former Twitter CEO Jack Dorsey has argued for a $1 million Bitcoin by 2030.
Currently hovering at $96,000, Bitcoin would need to increase by 941% to hit $1 million. At that price, Bitcoin’s market capitalization would approach $20 trillion, far surpassing the current total value of gold.
Such a surge would likely boost the altcoin market as well. If Bitcoin’s market cap reaches $20 trillion, the altcoin market could increase similarly. In particular, the entire cryptocurrency market could have an over $40 trillion valuation, considering BTC’s over 50% dominance.
Dogecoin (DOGE) Value If Bitcoin Reaches $1 Million
Predicting Dogecoin’s price if Bitcoin hits $1 million is not straightforward. However, assuming Dogecoin’s value grows in proportion to Bitcoin’s, a 941% increase from its current price of $0.25 would push its value to approximately $2.60. At this price, Dogecoin’s market cap would be around $382 billion.
This calculation likely underestimates the meme coin’s potential in a crypto market where BTC is worth $1 million or has a $20 trillion cap.
For instance, Dogecoin has historically outpaced Bitcoin in growth. While Bitcoin boasts a yearly growth of 115%, Dogecoin has seen a more impressive 210% surge.
Moreover, some analysts believe that Dogecoin could even reach $10 in the current market environment, possibly by the end of this year.
According to Telegaon, Bitcoin could be worth a minimum of $13 by 2030—the same year many expect Bitcoin to hit $1 million. Telegaon also argues for a maximum price of $18 for DOGE by 2030.
Essentially, this suggests that Dogecoin could see an upside far exceeding Bitcoin’s projected 941% increase.
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