Here’s How High Dogecoin Can Reach if DOGE Gets $33B, $65B, or $100B Daily Buy Volume
The post Here’s How High Dogecoin Can Reach if DOGE Gets $33B, $65B, or $100B Daily Buy Volume appeared on BitcoinEthereumNews.com.
Dogecoin could witness a massive price increase if its 24-hour buy volume spikes to $33 billion, $65 billion or $100 billion. Dogecoin’s price movements continue to follow overall market trends, and in the current bearish phase, the meme coin has struggled to regain its previous highs. Currently, Dogecoin is trading below the $0.20 psychological level, holding at $0.17. Impact of Volume on Dogecoin Price With several investors awaiting a price surge, this would likely emerge amid a rise in buy volume, triggering buying pressure. Historically, spikes in Dogecoin’s price have occurred alongside surges in trading volume, particularly when the increased activity is driven by buying pressure. Currently, Dogecoin boasts a 24-hour trading volume of $680 million, though it is unclear how much of this represents actual buy volume. Buy volume is only a fraction of the total trade activity, making it challenging to determine its precise influence on the price. A notable instance occurred on January 21, 2025, when Dogecoin’s trading volume surged to $9.5 billion. During this time, its price briefly jumped from $0.35 to $0.40 before retracing. This suggests that major buy volume could drive price increases under the right conditions. To estimate Dogecoin’s potential price action under extreme buy volume scenarios, we sought insights from ChatGPT. The chatbot leveraged a simple supply and demand model, assuming a linear relationship between buy volume and price impact. Potential Price if Dogecoin Sees $33B, $65B, or $100B Buy Volume ChatGPT provided estimates for Dogecoin’s potential price if it received $33 billion, $65 billion, and $100 billion in buy volume. The estimates assumed price movements remain proportional to buy volume, though, in reality, external market forces could influence the results. Notably, if Dogecoin’s daily buy volume jumped to $33 billion, this would represent a multiple of 48.53x its current trade volume.…
Filed under: News - @ March 23, 2025 6:24 pm