Dogecoin’s price could rise above this price if DOGE closely monitors Bitcoin’s performance, especially if BTC equals gold’s $17.73 trillion market cap.
Dogecoin has shown strong signs of recovery from the recent market correction that wiped out over $1 billion in investments. The dog-themed token has had its fair share of price declines, falling from around $0.4, where it had been trading for several weeks, to $0.26 yesterday.
Interestingly, DOGE quickly recovered, rising above the $0.3 mark. At the time of writing, the token is trading at $0.3407, reflecting an increase of 9.74% over the past 24 hours.
Bitcoin’s Impact on Dogecoin
It’s worth noting that Bitcoin’s price movements have largely contributed to Dogecoin’s recent performance. For context, the price of Dogecoin typically falls whenever Bitcoin falls and rises when the leading cryptocurrency rises.
According to data from IntoTheBlock, Dogecoin’s correlation with Bitcoin over the past 30 days was 97%, suggesting that the first-born memcoin is closely monitoring the price movements of the world’s largest cryptocurrency.

While Bitcoin has had a negative impact on Dogecoin’s performance recently, this dynamic could change if BTC hits some of the lofty targets set by leading market observers.
Bitcoin price if equal to gold market cap
For example, it is predicted that Bitcoin will equal the value of gold in the future. Data from CompaniesMarketCap shows gold is valued at $17.73 trillion, making it one of the largest assets in the world. However, at the time of writing, Bitcoin is valued at $1.95 trillion.
Since Bitcoin is predicted to equal the market capitalization of gold, it would need to rise 809.23% from its current valuation to achieve this feat. If this prediction comes true, Bitcoin’s price could skyrocket to a whopping $897,200 from its current level of $98,677.
Dogecoin price if Bitcoin equals gold market cap
Notably, the potential alignment of Bitcoin’s market capitalization with gold’s market capitalization will also have a major impact on the performance of other crypto assets, including Dogecoin. Since Dogecoin has a strong correlation with Bitcoin, it could benefit more from this potential surge.
Therefore, we calculated how much DOGE would be worth if Bitcoin’s potential valuation reached $17.73 trillion, which is equal to the market capitalization of gold.
With Bitcoin expected to rise 809.23% to equal gold’s market cap, Dogecoin will set a new all-time high (ATH) if its growth rate is the same.
If Dogecoin rises 809.23% from the current price of $0.3407, it will trade at $3.09 per token, surpassing the previous record ATH of $0.73 by 323.28%. With a target price of $3.09, Dogecoin’s market capitalization will rise to $456.35 billion from its current valuation of $50.18 billion.
Dogecoin price forecast up to $3
The $3.09 target is in line with previous forecasts from lead analyst Javon Marks. The expert, citing Dogecoin’s historical performance, predicted that the asset would rise to a conservative target of $3 in this bull cycle.
In addition, renowned cryptographer Ali Martinez predicted that Dogecoin could skyrocket to $3 under favorable market conditions. However, the expert did not specify the timing of this surge.
Meanwhile, Changelly analysts predict that Dogecoin will rise to $3.03 by January 2033, almost nine years from now. While this analysis is tempting, it should not be taken as investment advice.