The article discusses the potential for Dogecoin (DOGE) to reach higher price levels but explores the challenges posed by its large circulating supply of 146 billion tokens. The coin reached a peak market cap of $98.4 billion in May 2021 but has since dropped, although it has been making a recovery. The growing supply of Dogecoin presents a problem for higher price spikes, as it would require more capital to achieve previous highs. Despite concerns, some analysts predict a possible rally to $1 for Dogecoin. However, reaching higher levels such as $5 and $10 would be more challenging due to the massive capital required and the resulting market caps that would surpass those of Ethereum and approach Bitcoin's valuation.



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