Dogecoin Price Prediction as DOGE Breaks into the Top 10 Cryptocurrencies in the World: $1 DOGE This Month?

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Golden Dogecoin with iconic Shiba Inu and ‘WOW’ inscription symbolizing the fun and viral nature of cryptocurrency trading.

Following its most recent surge in value, Dogecoin (DOGE) has once again surged to the top of the global cryptocurrency market.

Some analysts predict that DOGE will hi1.0 this month. According to CoinMarketCap, Dogecoin’s price has increased by 10% over the past seven days, selling at roughly $0.168 per unit.

The meme coin has increased by an even more remarkable 104% during the last 30 days. Not all meme coins have had a price explosion in recent weeks, except for Dogecoin. Names like Bonk (BONK), Dogwifhat (WIF), Pepe (PEPE), and Shiba Inu (SHIB) have increased by 200–800% in the last 30 days.

Memes have suddenly become popular again, and this is happening when Bitcoin has surged to all-time highs above $70,000.

The seemingly inevitable rise in Bitcoin thanks to ETF inflows has sparked extreme risk-taking throughout the cryptocurrency industry. And the riskiest cryptocurrency is meme coins, which are well-known for being entirely speculative and having no real use.

Dogecoin Price Prediction

PREDICTION FOR DOGECOIN PRICE: CAN $1 DOGE OCCUR THIS MONTH?

The price of Dogecoin has fluctuated during the last few days, ranging from $0.155 to $0.185. The fact that the market has held up despite increased profit-taking will give bulls some solace. To be sure, Dogecoin price risks are still on the higher side as long as Bitcoin maintains its strong hold above $70,000 and continues to move higher.

Bulls on Bitcoin are speculating that it may reach $100,000 before the inflation rate is halved next month. Who knows how much higher Dogecoin may rise if Bitcoin were to soar to an additional $30,000? The price of Dogecoin has fluctuated during the last few days, ranging from $0.155 to $0.185.

The fact that the market has held up despite increased profit-taking will give bulls some solace. To be sure, Dogecoin price risks are still on the higher side as long as Bitcoin maintains its strong hold above $70,000 and continues to move higher.

Bulls on Bitcoin are speculating that it may reach $100,000 before the inflation rate is halved next month. Who knows how much higher Dogecoin may rise if Bitcoin were to soar to an additional $30,000?

A closer examination of the data reveals how feasible a $1 DOGE price is, despite its seeming impossibility. Consider Bitcoin. At $100,000, its market capitalization will approach $2 trillion.

In contrast, Dogecoin’s market capitalization would be “just” $143 billion if it were to reach $1. That is less than 7% of the $100,000 market capitalization of Bitcoin. It is important to remember that Dogecoin’s market capitalization was $85 billion at the time it achieved $0.76 in 2021.

It is also important to keep in mind that Dogecoin is still the clear winner despite all the hoopla around meme coins. Doge coin is not only the first significant meme currency, but it also has its own independent blockchain.

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GET SHUTTLING, DOGECOIN! THE SPONGE IS HERE:

The FOMO frenzy in cryptocurrency right now is centered around meme coins. Feelings of resentment or regret can result from missing out, particularly when novelty coins provide notable returns.

But it is important to understand that meme coins are part of a very speculative industry that already experiences considerable volatility. Novelty meme coins need to do more than just make people laugh; they also need to serve a purpose or build a vibrant community.

While Doge Coin (DOGE) enjoys the advantage of being the first to market and being unique, Sponge is another noteworthy token. In addition to being a well-liked joke currency, SPONGE is the native token of a budding new ecosystem.

Ethereum was used to produce the ERC-2o standard token, SPONGE. It recently moved to V2 and had an upgrade.

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