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Dogecoin Price Prediction as DOGE Becomes Top 10 Crypto in the World – $1 DOGE Possible This Month?

Joel Frank
Last updated: | 2 min read

In wake of the Dogecoin (DOGE) price’s latest push higher, DOGE has once again become a top 10 crypto in the world, with some analysts betting that a melt-up to $1.0 is possible as soon as this month.

Last trading around $0.168 per token, the Dogecoin price is up 10% in the last seven days as per CoinMarketCap.

The Dogecoin (DOGE) price is up over 100% in 30 days. Source: CoinMarketCap
The Dogecoin (DOGE) price is up over 100% in 30 days. Source: CoinMarketCap

In the past 30 days, the meme coin is up an even more impressive 104%.

Dogecoin isn’t the only meme coin to have seen its price vault higher in the last few weeks.

The likes of Shiba Inu (SHIB), Pepe (PEPE), dogwifhat (WIF) and Bonk (BONK) are up between 200-800% in 30 days.

The sudden resurgence of meme coins comes as Bitcoin has broken out to fresh record highs above $70,000.

Bitcoin’s seemingly unstoppable ETF inflow fuelled run higher has catalyzed huge risk taking across the crypto market.

And meme coins, famous for their lack of utility and purely speculative nature, are the riskiest of all cryptos.

Dogecoin Price Prediction – $1 DOGE Possible This Month?

In the past few days, the Dogecoin price has been ranging between $0.155 and $0.185.

Bulls will take comfort from the fact that the market has held up in the face of elevated profit-taking.

Indeed, as Bitcoin holds firmly above $70,000 and eyes another push higher, Dogecoin price risks remain tilted to the upside.

Some Bitcoin bulls are betting the cryptocurrency can hit $100,000 before next month’s inflation rate halving.

Was Bitcoin to vault up another $30,000, who knows how much higher Dogecoin could rally.

A $1 DOGE price might seem farfetched, but a closer look at the numbers shows how possible it is.

Take Bitcoin. If it hits $100,000, its market cap will be nearly $2 trillion.

By comparison, if Dogecoin was to hit $1, that would mean a market cap of “only” $143 billion. That’s barely 7% of what Bitcoin’s market cap would be at $100,000.

It’s worth bearing in mind that Dogecoin hit $0.76 in 2021, its market cap at the time hitting $85 billion.

It’s also worth remembering that, amid all the meme coin hype, Dogecoin remains the undisputed king.

Not only is it the first major meme coin, but Dogecoin is also runs on its own self-sufficient blockchain.

Shuffle Up Dogecoin! SPONGE Has Arrived

Meme coins are currently the epicenter of crypto’s FOMO frenzy.

Missing out can lead to feelings of resentment or regret, especially when witnessing novelty coins delivering significant returns.

However, it’s crucial to recognize that meme coins operate within an extremely volatile sector, which is already characterized by high volatility and speculation.

For novelty meme coins to achieve longevity, they must offer more than just amusement; they need to provide a valuable service or foster a strong community.

While Dogecoin (DOGE) benefits from its first-mover advantage and originality, another standout token is SPONGE.

Beyond being a popular meme coin, SPONGE serves as the native token for a promising new ecosystem.

SPONGE is an ERC-2o standard token created on Ethereum. It recently upgraded (and migrated) to a V2 on Polygon, an Ethereum Layer 2 scaling solution.

The team also introduced a couple of key improvements with the upgrade, including a new staking model that offers a minimum yield of 40% APY.

This yield currently sits at around 468%, varying according to the number of stakers and tokens locked up.

SPONGE also powers an upcoming racing game where players compete against each other to earn SPONGE rewards.

Buy Sponge Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.