Bitcoin continued to be traded around $ 97,000, while Dogecoin has recently gained a strong rise in recent weeks. Memecoin has exceeded $ 0.27, increasing a 6 %on a weekly basis. However, despite the loss of 34 %in the last 30 days, it experienced an increase of 212 %on an annual basis.
How is the crypto market affected if Bitcoin reaches $ 10 trillion?
Bitcoin’s current market value is at $ 1.9 trillion. In order to reach 10 trillion dollars, it needs to grow by 418 %. In such a case, the price of Bitcoin may increase to $ 504,540.
If this growth occurs, the total value of the crypto market is expected to exceed $ 20 trillion. Considering Bitcoin’s market domination, the prices of Altcoins are expected to seriously move upward. Popular Memecoins such as Dogecoin may exhibit more volatil movements in this process.
Can Dogecoin exceed $ 1?
Dogecoin’s current market value is $ 42 billion. If a similar increase with Bitcoin has an increase of 418 %, the cost of the dog can reach $ 1.17. However, considering that Memecoins usually rises faster, this increase is probable.
For example, Bitcoin has increased by 85 %in the last year, while Dogecoin gained 212 %in the same process. If a rise trend similar to Doga’s previous bull cycles continues, the possibility of reaching 5 to 10 dollars should not be ignored. However, this may vary depending on investor interest and market conditions.
When does Bitcoin reach $ 500,000?
Some analysts estimate that Bitcoin can reach $ 500,000 by 2030. In order to reach this level, the market value needs to rise to $ 10 trillion.
In this scenario, the price of Dogecoin is expected to rise up to $ 13. If Doge reaches this level, it will mean an increase of 4.542 %compared to the current price. Dogecoin is likely to experience a greater rise, as Memecoins gained much faster value in the bull markets than Bitcoin.
Dogecoin’s future growth potential
Although Dogecoin’s performance usually depends on Bitcoin’s movements, community support and market trends can move further up the price of Doge. The support of names like Elon Musk and the increase in interest in Memecoins can accelerate Doga’s price movements.
If the market continues to attract speculative investors, Dogecoin may occur earlier than the possibility of reaching $ 10. However, it should be remembered that Dogecoin is open to large price fluctuations due to the volatil structure.
