- Dogecoin’s market cap not too long ago dropped from $35.89 billion to $28.4 billion after failing to maintain its rally, triggered by Trump’s U.S. Crypto Reserve announcement.
- If DOGE reaches Twitter’s peak valuation of $56 billion, its value would rise to $0.3778, marking a 96% enhance from its present stage of $0.1923.
- Dogecoin has already surpassed this stage earlier than, hitting a $71.27 billion market cap and $0.4843 value in December 2024, that means a return to comparable ranges isn’t out of the query.
Dogecoin’s value would solely want a reasonable increase to match the peak market cap of Elon Musk’s X (previously Twitter). However in a market as risky as crypto, even small features aren’t assured.
Recently, DOGE has been battered by value swings, struggling to keep up momentum. Only recently, after surging 15.76% on March 2—because of Trump’s U.S. Crypto Reserve announcement—the meme coin crashed by 16.79% the very subsequent day.
DOGE’s Market Cap Takes a Hit
Throughout that short-lived rally, DOGE clawed its method again to $0.24. However as momentum pale, the value slipped beneath $0.20, triggering a $7.49 billion drop in market cap. What was $35.89 billion on Sunday is now all the way down to $28.4 billion—a harsh actuality examine for buyers hoping for sustained upside.
For months, Dogecoin’s actions have been largely dictated by the broader market reasonably than distinctive value drivers. Normally, Elon Musk’s tweets and endorsements inject some life into DOGE, however currently, even his affect hasn’t been sufficient to push it larger.
Regardless of the latest struggles, market optimism stays robust. Notably, crypto analyst KALEO warned merchants to not fade DOGE at these ranges, citing previous explosive breakouts. Equally, CryptoELITES has maintained a $5 value goal, suggesting that Dogecoin’s correction is nearing an finish.
How Excessive Would Dogecoin Have to Go to Match Twitter’s Peak Market Cap?
As analysts proceed making daring calls, let’s have a look at a extra sensible comparability—what would occur if DOGE’s market cap matched Twitter’s peak valuation?
For context, Twitter went public underneath the ticker TWTR in 2013 however was taken personal by Musk in 2022 following his $44 billion buyout. Nonetheless, earlier than that, the social media large reached its highest-ever market cap of $56.03 billion in April 2021.
If Dogecoin have been to hit the identical valuation, would the value explode? Surprisingly, not as a lot as you’d assume.
The Numbers: DOGE at a $56B Market Cap
Dogecoin at present has a circulating provide of 148.28 billion cash—a quantity that regularly will increase as a consequence of its inflationary mannequin. Primarily based on this provide, if DOGE reached $56.03 billion in market cap, its value would sit round $0.3778—a 96% enhance from its present value of $0.1923.
That’s important, however not earth-shattering.
Apparently, DOGE has already surpassed this stage earlier than. Again in December 2024, when Trump’s election-driven crypto increase despatched markets hovering, Dogecoin’s market cap hit $71.27 billion, pushing its value to $0.4843—nicely past Twitter’s former peak valuation.
Last Ideas: Can Dogecoin Attain $0.3778 Once more?
On condition that DOGE has already surpassed Twitter’s highest valuation, it’s not unattainable for it to do it once more. However whether or not that occurs within the quick time period relies on market sentiment, whale exercise, and potential catalysts like one other Musk-fueled rally.
For now, DOGE merchants ought to watch key resistance ranges, as a sustained transfer above $0.24 may sign a possible uptrend. If the broader market stays bullish, one other push towards $0.40 or larger might be on the desk.