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Dogecoin (DOGE) could surpass a $250 billion market cap if the global crypto market cap hits $15 trillion.
Dogecoin, despite its meme-based origin, continues to rank among the most prominent crypto assets in the market, with a valuation of $61 billion. This market cap places it ahead of utility tokens like Cardano (ADA) and Tron (TRX).
With Dogecoin trading at $0.4010 at press time, the meme coin boasts a 60-day gain of 252%, far outpacing the 45% growth seen in Ethereum and Solana. As the crypto bull run continues with nearly a year left, Dogecoin is expected to perform even more spectacularly.
Notably, the global crypto market cap currently stands at $3.65 trillion, with Dogecoin at $61 billion. This article explores Dogecoin’s potential price and valuation in a scenario where the global market cap reaches $15 trillion.
Dogecoin Price with $15 Trillion Global Market Cap
Notably, with a market cap of $61 billion, Dogecoin currently makes up 1.67% of the global crypto market cap, which is $3.65 trillion. For the global crypto market to reach $15 trillion, it would need to grow by 310%.
As a result, Dogecoin could achieve a market cap of approximately $250 billion, particularly if the meme coin maintains its current dominance and circulating supply. In this case, a $250 billion market cap would correspond to a price of $1.70 per Dogecoin.
For market participants holding Dogecoin at its current price, this would represent a 3X growth in their portfolio.
When Could Dogecoin Reach a $250 Billion Market Cap?
According to crypto exchange Changelly, Dogecoin could attain a $250 billion market cap with a price of $1.70 by 2030. However, community analysts strongly disagree with this timeline.
Some have argued that Dogecoin could surpass $1 before the end of this year, while others, including Ali Martinez, Crypto Scofield, and Ash Crypto, have voiced the view that Dogecoin could reach $3 by 2025. Some even more ambitious projections suggest that Dogecoin could hit $18 or $23 in the near future.
In essence, popular opinions among market analysts suggest that Dogecoin could exceed a $250 billion market cap even this year, especially considering that Dogecoin surged by over 200% in November alone.
Notably, at a $15 trillion global crypto market cap, Bitcoin, the most prominent crypto asset, would have a valuation of around $8.5 trillion, based on Bitcoin’s current market dominance of 56%. At an $8.5 trillion market cap, Bitcoin’s price would be $426,000, a remarkable increase from its current price of $101,000.
Given that Dogecoin typically experiences more explosive growth than Bitcoin, this implies that Dogecoin could have a price far higher than $1.70 in a scenario where Bitcoin reaches above $425,000.