Will Dogecoin Hit A New All-Time High Again At $80 Billion Market Cap?

Source Bitcoinist

Back in 2021, the Dogecoin price reached its $0.7376 all-time high after having a legendary run spurred on by billionaire Elon Musk shilling the meme coin on X (formerly Twitter). At the time, the meme coin hit this peak price after touching an $80 billion market cap. However, things have changed since then and due to the inflationary nature of Dogecoin, hitting this market cp again would not see it hit this peak price again.

Dogecoin Supply Rises By 40% In 3 Years

Unlike Bitcoin, the Dogecoin supply is designed in a way that it is infinite. This means that that there is an endless supply of DOGE tokens to be mined, and this comes back to the fact that the altcoin was created as a joke. So, over the years, the supply has continued to rise as mining has continued.

Back in 2021, the total circulating Dogecoin supply was a little above 108 billion when it hit its $0.7376 all-time high. This put the market cap at all-time high at just a little over $80 billion. Fast forward to 2025 and the DOGE circulating supply has risen steadily risen, recording an over 40% increase in the past three years. At the time of writing, the Dogecoin supply is sitting at 148.83 billion DOGE.

With this increase in supply, it means that the Dogecoin market cap would have to be significantly higher for it to reach the same $0.7376 peak from 2021. Using the current circulating supply and multiplying it by the all-time high price, the market cap would have to hit approximately $110 billion to reach the same highs from 2021.

Furthermore, as already explained above, the DOGE supply is designed to keep increasing and miners receive more rewards from their activities. This means that the market cap that DOGE would have to reach to clock its previous highs will continue to rise with the passage of time.

Dogecoin price chart from TradingView.com

DOGE Price Hitting $1 At $148 Billion

For this cycle, the major target for the Dogecoin price has been the $1 target, but so far, the meme coin has only managed to go halfway to $0.5 before being pulled down by the market crash. This expectation has been spurred by major developments for the altcoin such as the launch of a potential Dogecoin ETF.

AI predictions have also become increasingly popular and once of those if the Grok AI prediction that the Dogecoin price will likely hit $1 in 2026. But interestingly, the CoinCodex algorithm predicts that the Dogecoin price will not hit $1 until 2029, giving another 3-year runway of low price expectations.

Dogecoin price

Featured image from Dall.E, chart from TradingView.com

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Inflows For 2025 Now Outpace 2024, Data ShowsUS Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Author  Bitcoinist
Jul 16, Wed
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
placeholder
Japanese Yen retreats further from two-week high against USD on softer Tokyo CPIThe Japanese Yen (JPY) drifts lower for the second straight day against its American counterpart and retreats further from a two-week high touched the previous day.
Author  FXStreet
Jul 25, Fri
The Japanese Yen (JPY) drifts lower for the second straight day against its American counterpart and retreats further from a two-week high touched the previous day.
placeholder
Ethereum Price Forecast: BitMine holdings cross 560K ETH as ETHA hit $10 billion inflows on 1st anniversaryEthereum (ETH) moved toward the $3,780 resistance on Thursday.
Author  FXStreet
Jul 25, Fri
Ethereum (ETH) moved toward the $3,780 resistance on Thursday.
placeholder
Crypto market bulls bleed over $1B this week as record high US M2 supply, Trump’s rate cut pushThe total cryptocurrency market capitalization trades in the red by nearly 3% so far this week as bullish momentum fades.
Author  FXStreet
Jul 25, Fri
The total cryptocurrency market capitalization trades in the red by nearly 3% so far this week as bullish momentum fades.
placeholder
Bitcoin Price Bleeds As Galaxy Digital Unleashes $1.5 Billion Sell-OffBitcoin slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours.
Author  NewsBTC
Jul 25, Fri
Bitcoin slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours.
goTop
quote