Dogecoin Price Prediction: DOGE May Hit $2.68 or $13.65 If Its Market Cap Soars to Unprecedented Levels

Dogecoin will hit a new all-time high if its market cap soars to unprecedented levels like $397 billion or $2.02 trillion.

Dogecoin’s recent performance has been far from impressive. Despite the recent relief rally in the broader crypto market, the token has been trading around the $0.3 mark in the past few days.

In the past 24 hours, DOGE has experienced a slight decline of 0.2%. Over the past 30 days, the token has incurred more losses, totaling 6.16%. However, many investors are optimistic that Dogecoin will still record another major rally this cycle, as it did in the 2020/2021 bull market.

Amid these projections, some wondered how high Dogecoin’s price will soar if its market cap soars to $397 billion or $2.02 trillion. It is worth mentioning that these valuations represent that of Ethereum (ETH) and Bitcoin (BTC), respectively.

Dogecoin Price at Bitcoin and Ethereum Market Cap

Therefore, we estimated the price of Dogecoin if its valuation equals that of the two largest cryptocurrencies in the world: Bitcoin and Ethereum.

At press time, Dogecoin ranks as the eighth-biggest cryptocurrency, with a market cap of $48.41 billion. It is currently priced at $0.3274 per token. Its daily volume is up 36.61% to $1.75 billion, representing 3.61% of the global crypto trading volume.

Currently, Dogecoin has a circulating supply of 147,861,546,383 (147.86 billion) tokens.

Price of Dogecoin at Bitcoin Market Cap

For context, Bitcoin remains the undisputed world’s largest cryptocurrency, with a market cap of $2.02 trillion. To equal Bitcoin’s market cap, Dogecoin would have to soar 4,072% from its current valuation of $48.41 billion.

If DOGE embarks on a 4,072% rally and equals Bitcoin’s market cap, its price will rise to $13.65 per token, assuming its circulating supply remains stable at 147.86 billion tokens.

At this projected price, a portfolio of 100,000 DOGE, currently worth $32,740 at the current value of $0.3274 per token, will skyrocket to $1.36 million.

DOGE Price at Current Ethereum Market Cap

Ethereum’s current market cap of $397.33 billion makes it the second-biggest cryptocurrency in the world. For Dogecoin to equal this market cap, it must rise 720% from its current valuation of $48.41 billion.

Applying the same growth rate to Dogecoin’s price will push it to around $2.68 per token, assuming DOGE’s circulating supply remains relatively stable.

At a price of $2.68, a portfolio of 100,000 DOGE will be worth $268,000 compared to its current value of $32,740.

Can Dogecoin Rise to $2.68 or $13.65?

Dogecoin must rise 720% and 4,072%, respectively, to reach the price targets of $2.68 and $13.65. Such astronomical rallies require Dogecoin to have broader utility and widespread adoption.

The token could also achieve this feat if it is integrated into major payment networks, with more prominent figures beyond Elon Musk endorsing it for mass adoption from retail and institutional investors.

Interestingly, institutions are showing significant interest in Dogecoin, as reflected in the number of ETF applications submitted by prospective issuers, like Bitwise.

Moreover, analysts affiliated with the crypto trading platform Changelly believe that Dogecoin can hit the $2.68 target by September 2032, nearly eight years from now. However, they expect DOGE to wait another eight years before it hits the $13.65 target by 2040.

Whether DOGE will ever soar to $2.68 or $13.65 in its lifetime remains to be seen.