Here’s How High Dogecoin Can Reach If BTC Market Cap Hits $500T As Predicted By Michael Saylor
The post Here’s How High Dogecoin Can Reach If BTC Market Cap Hits $500T As Predicted By Michael Saylor appeared on BitcoinEthereumNews.com.
Dogecoin’s price could soar to double digits if it mirrors Bitcoin’s growth rate and BTC eventually reaches a market capitalization of $500 trillion. Dogecoin (DOGE) has continued its downturn below the $0.20 price mark. Due to a Bitcoin-led market sell-off, the top meme coin crashed further over the weekend. On March 29, DOGE dipped to a daily low of $0.1757, marking a decline of 4.92% from its daily high of $0.1848. It has rebounded slightly to $0.1766 in the hours leading up to press time. Despite DOGE’s latest underperformance, investors are still bullish about the token’s long-term potential, especially as top crypto stakeholders release bullish predictions for Bitcoin. Saylor Predicts Bitcoin Surge to $500T Market Cap Last week, Michael Saylor, the executive chairman of Strategy, issued a bullish prediction for Bitcoin at the DC Blockchain Summit in Washington. He characterized the world’s largest cryptocurrency as the next evolution of money, noting that the asset will thrive irrespective of whether the U.S. backs it. Notably, he predicted that Bitcoin is poised to achieve a market capitalization of $500 trillion in the future. With Bitcoin’s market cap currently standing at $1.66 trillion, hitting an ambitious valuation of $500 trillion requires a surge of 30,020%. Dogecoin Correlation with Bitcoin Bitcoin’s potential rise to a $500 trillion market cap could have a ripple effect on altcoin prices, particularly those highly correlated with the premier asset. It is common knowledge that Dogecoin has a high correlation with Bitcoin, as observed in both assets’ recent price actions. While DOGE’s price has plunged 2.81% in the past day, Bitcoin’s value has also plummeted 2.48% in the same time frame. Also, data from IntoTheBlock shows that Dogecoin has a 97% correlation with Bitcoin over the past 30 days and a 95% correlation in the past two months. This…
Filed under: News - @ March 29, 2025 6:50 pm