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Simple math suggests that a price per token of $1 would give Dogecoin a market capitalization of $147.1 billion. That isn't entirely impossible considering Bitcoin now has a market cap of $2 trillion.
Image source: Getty Images. Dogecoin could reach $1, but it probably won't stay there. Dogecoin's post-election rally recently stalled at $0.47, which is still way below its record high from 2021.
But Dogecoin (CRYPTO: DOGE)-- which was originally created in 2013 as a parody of Bitcoin and named after a Shiba Inu dog -- more than quadrupled during the past 12 months. In the past, Dogecoin's ...
Enter Dogecoin (CRYPTO: DOGE), whose price has skyrocketed by 376% in 2024. At a price of roughly $0.43, can Dogecoin's momentum continue and propel the token to a price of $1 by the end of the year?
Bitcoin has a capped supply of 21 million coins, which should be fully mined by the year 2140. Dogecoin, on the other hand, has a limited issuance per year, but new tokens can technically be mined ...
But unlike Bitcoin, which has a maximum supply of 21 million tokens, Dogecoin doesn't have an ultimate supply cap. There are currently 146.3 billion Dogecoins in circulation, and that supply is ...
Bitcoin's market cap would have to soar 863% to match that, which translates to a price per coin of around $929,000 (based on the current supply of 19.8 million Bitcoins).
Given that Dogecoin is now outperforming Bitcoin (CRYPTO: BTC) for the year, it's perhaps no surprise that it is beginning to attract attention from crypto investors. But before you invest in ...