Can Dogecoin Reach $10? Here's What It Would Require For The Goodboi To Reach A Step Closer To The Moon
Portfolio Pulse from Mehab Qureshi
Dogecoin (CRYPTO: DOGE), the meme-based cryptocurrency, is currently priced at $0.065. If it were to reach $10, it would signify a gain of approximately 15,246.15%. This would increase its market cap to $1.4 trillion, compared to Bitcoin's (CRYPTO: BTC) current market cap of $594.75 billion. Unlike Bitcoin, Dogecoin has an unlimited supply, which according to Mark Cuban, solidifies its usefulness as a digital currency.
July 12, 2023 | 9:06 am
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NEUTRAL IMPACT
Bitcoin's market cap is currently $594.75 billion. The finite supply of Bitcoin, with 26 million coins, influences its value.
The news does not directly impact Bitcoin's price, but it provides a comparison between Bitcoin and Dogecoin, highlighting Bitcoin's finite supply as a factor influencing its value.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Dogecoin is currently priced at $0.065. If it were to reach $10, it would signify a gain of approximately 15,246.15%, increasing its market cap to $1.4 trillion.
The news discusses the potential for Dogecoin's price to increase significantly. However, this is speculative and depends on various factors, including market demand and the influence of key figures like Elon Musk.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100