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HomeCrypto NewsMarketDogecoin Price Prediction: Here’s How High DOGE Could Go If Bitcoin Reaches $13M

Dogecoin Price Prediction: Here’s How High DOGE Could Go If Bitcoin Reaches $13M

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The Dogecoin price could reach an audacious two-digit figure if it follows Bitcoin’s path as Bitcoin targets the $13 million goal.

Saylor: Bitcoin to $13 Million 

For context, the $13 million goal was conceived by MicroStrategy Chairman and Bitcoin bull Michael Saylor last year. Speaking with CNBC’s Squawk Box last September, Saylor boldly predicted that Bitcoin could reach $13 million in 2045, twenty years from now.

His prediction came at a time when Bitcoin was battling to conquer the $60,000 price territory after relinquishing it in August 2024. At the time of Saylor’s prediction, Bitcoin changed hands around $58,000. However, this battle at the $60,000 region did not discourage the Bitcoin advocate.

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Notably, Saylor’s bullish stance on Bitcoin indirectly translates to a bullish stance on the broader crypto market despite him being a Bitcoin maxi. This is due to the close correlation between Bitcoin and the rest of the crypto market, particularly the top altcoins.

Dogecoin Price Correlation with Bitcoin

For instance, CoinMarketCap data indicates that Dogecoin price has followed Bitcoin’s direction over the past week amid the ongoing market uncertainty. However, the leading meme coin witnesses more substantial declines and gains due to its higher volatility.

Dogecoin and Bitcoin Price Correlation
Dogecoin and Bitcoin Price Correlation

This close price relationship confirms that altcoins like Dogecoin are likely to benefit greatly should Bitcoin reach the ambitious $13 million price target set by Michael Saylor. 

To put things into perspective, Bitcoin currently trades for $94,250, down nearly 5% in the last seven days. For the crypto asset to reach the $13 million goal, it will have to rally by a massive 13,693%. Further, an increase from $94,250 to $13 million translates to a CAGR of 27.9% over a twenty-year period.

Dogecoin Price if BTC Hits $13M

If Dogecoin’s price follows Bitcoin’s trajectory and witnesses a similar growth rate, its price would spike by 13,693% in the next twenty years. With DOGE currently changing hands at $0.3325 at press time, a 13,693% gain would lead to $45.86.

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Given Bitcoin’s and Dogecoin’s historical price performances, a CAGR of 27.9% remains highly feasible. For context, Bitcoin witnessed a 120.9% annual increase in 2024 alone, mostly due to its upsurge in Q1 and Q4. Meanwhile, DOGE saw a more substantial 252.8% rise in 2024.

Nonetheless, bear market years could dampen this projected growth. Despite this, price spikes during bull runs might make up for the increase that these crypto assets could record in a few years, considering the CAGR of 27.9%. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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