If Bitcoin reaches $1 million, the price of Dogecoin may soar, with predictions indicating that in a bullish market, the meme coins are priced at $10 and $18.
Dogs can see a price range close to double digits in the market where Bitcoin reaches $1 million. Dogecoin often leverages the momentum of Bitcoin, reaching new highs as it enters the price discovery phase. At the time of writing, Dogecoin was hovering around $0.25, with an annual growth rate of 210%. In contrast, the trading price of Bitcoin is $96000, reflecting a 115% year to date growth.
As Bitcoin approaches its goal of recovering $100000 and potentially entering a higher price range, investors are increasingly focusing on Dogecoin as a way to profit from a bullish market. One of the boldest predictions for the future of Bitcoin is a valuation of $1 million, a goal set by several renowned experts including Bernstein.
Bitcoin reaches its highest prediction of $1 million
According to Bernstein's report released in June 2024, it is believed that Bitcoin could reach a price of $1 million by 2033.
Meanwhile, commercial author Robert Kiyosaki also suggests that the Bitcoin could reach $1 million within this decade. Similarly, former Twitter CEO Jack Dorsey argued that by 2030, there will be $1 million worth of Bitcoin.
Currently, Bitcoin is hovering around $96000 and needs to increase by 941% to reach $1 million. At this price, the market value of Bitcoin will approach $20 trillion, far exceeding the current total value of gold.
This surge may also promote the altcoin market. If the market value of Bitcoin reaches $20 trillion, the altcoin market may also grow. Especially considering BTC's over 50% advantage, the valuation of the entire cryptocurrency market may exceed $40 trillion.
If Bitcoin reaches $1 million, Dogecoin (Doge) value
If Bitcoin reaches $1 million, predicting the price of a dog is not easy. However, assuming that the value of Dogecoin increases compared to the value of Bitcoin, its current price is $0.25, which increases its value to approximately $2.60. At this price, Dogecoin's market value is approximately $382 billion. This calculation may underestimate the potential of meme coins in the cryptocurrency market with BTC value of $1 million or a cap of $20 trillion. For example, Dogecoin has historically surpassed the growth of Bitcoin.
Despite Bitcoin's annual growth of 115%, Dogecoin's growth rate is even higher and impressive. In addition, some analysts believe that Dogecoin could even reach $10 in the current market environment, possibly by the end of this year.
By 2030, Telegaon， The value of Bitcoin may be at least $13, and in the same year, many people expect Bitcoin to reach $1 million. Telegaon also believes that by 2030, the highest price for Doge will be $18. Essentially, this indicates that Dogecoin may see an upward trend far exceeding Bitcoin's expected growth of 941%.