Dogecoin (DOGE) may surpass a $250 billion market cap if the world crypto market cap hits $15 trillion.
Dogecoin, regardless of its meme-based origin, continues to rank amongst the most outstanding crypto belongings in the market, with a valuation of $61 billion. This market cap locations it forward of utility tokens like Cardano (ADA) and Tron (TRX).
With Dogecoin buying and selling at $0.4010 at press time, the meme coin boasts a 60-day acquire of 252%, far outpacing the 45% development seen in Ethereum and Solana. As the crypto bull run continues with practically a yr left, Dogecoin is predicted to carry out much more spectacularly.
Notably, the world crypto market cap presently stands at $3.65 trillion, with Dogecoin at $61 billion. This text explores Dogecoin’s potential worth and valuation in a state of affairs the place the world market cap reaches $15 trillion.
Dogecoin Value with $15 Trillion Global Market Cap
Notably, with a market cap of $61 billion, Dogecoin presently makes up 1.67% of the world crypto market cap, which is $3.65 trillion. For the world crypto market to achieve $15 trillion, it will have to develop by 310%.
In consequence, Dogecoin may obtain a market cap of roughly $250 billion, significantly if the meme coin maintains its present dominance and circulating provide. On this case, a $250 billion market cap would correspond to a worth of $1.70 per Dogecoin.
For market members holding Dogecoin at its present worth, this may signify a 3X development of their portfolio.
When Could Dogecoin Attain a $250 Billion Market Cap?
According to crypto alternate Changelly, Dogecoin may attain a $250 billion market cap with a worth of $1.70 by 2030. Nevertheless, group analysts strongly disagree with this timeline.
Some have argued that Dogecoin may surpass $1 earlier than the finish of this yr, whereas others, together with Ali Martinez, Crypto Scofield, and Ash Crypto, have voiced the view that Dogecoin could reach $3 by 2025. Some much more ambitious projections counsel that Dogecoin may hit $18 or $23 in the close to future.
In essence, fashionable opinions amongst market analysts counsel that Dogecoin may exceed a $250 billion market cap even this yr, particularly contemplating that Dogecoin surged by over 200% in November alone.
Notably, at a $15 trillion world crypto market cap, Bitcoin, the most outstanding crypto asset, would have a valuation of round $8.5 trillion, based mostly on Bitcoin’s present market dominance of 56%. At an $8.5 trillion market cap, Bitcoin’s worth can be $426,000, a outstanding improve from its present worth of $101,000.
Provided that Dogecoin usually experiences extra explosive development than Bitcoin, this suggests that Dogecoin may have a worth far increased than $1.70 in a state of affairs the place Bitcoin reaches above $425,000.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embrace the creator’s private opinions and don’t mirror The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary isn’t accountable for any monetary losses.
