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How Much Will Dogecoin Trade At If It Attains The Market Cap Of Bitcoin Or Ethereum?
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How Much Will Dogecoin Trade At If It Attains The Market Cap Of Bitcoin Or Ethereum?

Best Owie
Best Owie
1 year ago
3 mins read
Dogecoin

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Comparisons in the crypto market are not out of the norm, especially given the fierce rivalry that goes on between two or more tokens at a time. So this report will take a look at where the price of Dogecoin will realistically be if the meme coin’s market cap were to reach the current market cap of Bitcoin or Ethereum.

Dogecoin With The Market Cap Of Bitcoin

Bitcoin, the world’s largest cryptocurrency, has a market cap of $521 billion. This is over 2x the market cap of the second-largest cryptocurrency Ethereum, and makes up around half of the total crypto market cap. While this is interesting, a more interesting fact is where the price of Dogecoin would be if it were to reach the market cap of Bitcoin.

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CoinGecko’s Coin Comparison feature allows users to input two different cryptocurrencies and show how much one would trade for if they had the market cap of the others. Using this feature, NewsBTC has been able to determine how much a single DOGE token would be at a market cap of $521 billion.

Dogecoin Bitcoin comparison

DOGE would trade at $3.70 with Bitcoin's market cap | Source: CoinGecko

A single DOGE token at such a market cap comes out to $3.70 per token, an over 59x (5,900%) increase from its current price. Inversely, Bitcoin at the $8.8 billion market cap of Dogecoin would put each BTC at a price of $448.

Where Will DOGE Trade With Ethereum’s Market Cap

Ethereum is currently the second-largest cryptocurrency in the space with a market cap of $196 billion. With this market cap, the price of Ethereum’s nice ETH token is sitting at $1,635 with a circulating supply of 120,225,429 ETH.

Now, using CoinGecko’s Coin Comparison feature and checking the price of where Dogecoin would be if it reaches the $196 billion market cap of Ethereum, it comes out to a $1.39 price point for the meme coin.

Dogecoin Ethereum

DOGE would trade at $1.39 with Bitcoin's market cap | Source: CoinGecko

From its current price of $0.06192, it comes out to a 22x or 2,200% move. On the flip side, Ethereum falling to the market cap of DOGE at $8.8 billion would see the digital asset’s price trade at just $72.53, a long way from its present value.

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The price differences between the cryptocurrencies mentioned at the same market cap come down to their circulating supply. Dogecoin has a circulating supply of over 141 billion DOGE compared to 19.48 million BTC for Bitcoin and 120 million ETH for Ethereum.

Dogecoin price chart from Tradingview.com (Bitcoin and Ethereum)

DOGE price at $0.06 with $8.8 billion market cap | Source: DOGEUSD on Tradingview.com
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from CoinMarketCap, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

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Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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