House. This is exactly what Billy Marcus, aka Shibetoshi Nakamoto, sees on the horizon if Dogecoin (DOGE) experiences another 500% surge. As one of the creators of the main meme cryptocurrency, Marcus knows the currency’s unpredictable highs and lows better than anyone.
At the current price of $0.38, DOGE has a market cap of $56.23 billion. These numbers are impressive, but they are still far from the all-time high. Back in May 2021, it peaked at $0.7376, pushing its market cap to $89.08 billion.
To reach 500% of this amount, the coin would need to reach $2.28, which would mean a staggering market capitalization of around $336 billion, a level that few cryptocurrencies have ever reached.
if the price goes up another 500%, I can buy a house
— Shibetoshi Nakamoto (@BillyM2k) January 5, 2025
Is this a realistic expectation?
Well, it depends. Dogecoin has always been influenced by forces beyond traditional market dynamics. Social media trends, celebrity endorsements and community enthusiasm have propelled it forward before, often against expectations. When it surged in 2021, the surge was fast, dramatic, and driven by viral momentum. But maintaining such growth is challenging.
The entire cryptocurrency market also has voting rights. For Dogecoin to rise so dramatically, we will need a combination of favorable market conditions, increased adoption, and increased investor confidence. You might even need a DOGE ETF. Without all of this, a 500 percent surge is likely just wishful thinking.
But it’s important to remember that DOGE was not created to follow the conventional path. It started as a joke, but now it has a cultural and financial significance that few could have predicted.
