How Much Will Dogecoin Trade At If It Attains The Market Cap Of Bitcoin Or Ethereum?
18 Setembro 2023 - 08:00PM
NEWSBTC
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. Related Reading: Ethereum Surges Ahead Of Bitcoin In
Active Addresses, What Does This Mean? 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. 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. 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. Related Reading: Litecoin Eliminates Pre-Halving
Gains As Volume Drops, Is A Fall To $50 Coming? 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. DOGE
price at $0.06 with $8.8 billion market cap | Source: DOGEUSD on
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