If Bitcoin (BTC) reaches $ 1 million, there may be a huge increase in the price of Dogecoin (Doge). Historically, Dogecoin was among the crypto currencies that benefited from the rise of Bitcoin and has gained high gains in the bull markets.
Bitcoin’s probability of reaching $ 1 million
Dogecoin is currently traded at $ 0.25 and has earned 210 percent on an annual basis. In contrast, the BTC is at the level of $ 96,000 and has increased by 107 percent since last year.
The probability of BTC to exceed $ 100,000 and leads to higher levels, leading investors to Altcoins such as Dogecoin. Experts predict that Bitcoin can reach $ 1 million in the coming years.
$ 1 million estimates for Bitcoin
According to a report published by Bernstein, BTC can reach $ 1 million by 2033. This estimate is also supported by many market experts.
Robert Kiyosaki and former Twitter CEO Jack Dorsey also claims that Bitcoin could rise to $ 1 million by 2030. The fact that BTC reaches this level can create a major transformation in the crypto market.
What happens if Bitcoin reaches $ 1 million?
It is not easy to calculate the price of Dogecoin in direct proportion to the rise of Bitcoin. However, if the BTC increases by 941 percent, if Dogecoin shows a similar rise, the price can reach approximately $ 2.60.
At this price level, Dogecoin’s market value will increase to $ 382 billion. However, when the historical data is examined, this forecast may remain low, as Dogecoin tends to rise faster than Bitcoin.
Can Dogecoin reach $ 18?
Dogecoin has gained higher value than Bitcoin in the past. For example, Currently, BTC increased by 107 percent annually, while Dogecoin rose by 214 percent.
Some analysts predict that Dogecoin can rise up to $ 10 in current market conditions. According to Telegaon, Dogecoin can reach at least $ 13 and a maximum of $ 18 by 2030. This shows that Dogecoin can exceed Bitcoin’s growth rate and provide a much greater return.
