The article discusses the potential value of Dogecoin if Bitcoin reaches a price of $1 million, as predicted by industry experts. Dogecoin has recently experienced a significant price surge, trading above $0.42 following a 213% increase over the last four weeks. Market participants, particularly retail investors, are taking positions in Dogecoin to benefit from the buoyant market. If Bitcoin reaches $1 million, it would need to increase by 930%, reaching a market cap of approximately $20 trillion. Estimating Dogecoin's value in this scenario is challenging, but assuming proportional growth, its price could rise to around $4.38. However, some analysts believe that even a $10 price for Dogecoin is possible in the current market season. Dogecoin has historically outperformed Bitcoin, suggesting that its growth could be four times faster, potentially bringing its price to nearly $20.



Other News from Today