Will Dogecoin reach $5

Determining how much money you will get if dogecoin hits $1.00 is as simple as multiplying the initial investment amount by the ratio of $1.00 over the initial buying price . For example, let’s say someone invested $10,000.00 when dogecoin was 10 cents.

DOGE is a lot closer to $1 today than it was at the start of 2021 . At the time of writing, it is trading at roughly $0.13 and would need to rise more than 669% to reach the dollar milestone. The DOGE price hitting $1 would give the cryptocurrency a total market cap of $131bn; the current dogecoin market cap is $17bn.

So, although Dogecoin has reached 50 cents per coin before when many people didn’t think it would, with the current crypto market being down, this doesn’t seem likely, but, it’s more likely than Dogecoin reaching a dollar or higher especially sense it has reached this price before.