If DOGE reaches its highest market cap, Dogecoin will be traded at this price

Ramona Galas
12 Dec 2023
Investors must understand the economic dynamics of cryptocurrency's supply inflation, as Finbold analyzes Dogecoin's supply inflation and calculates its potential price if it reaches its all-time high market cap.

Having a grasp of the economic dynamics of a cryptocurrency's supply inflation is crucial for investors, as it can affect the value of the digital asset.

Finbold analyzed Dogecoin's supply inflation by examining public market data and calculating its potential price if it were to reach its all-time high market cap.

Dogecoin's value is influenced by both supply and demand, and its all-time high market cap was $98.473 billion on May 8, 2021, with a circulating supply of around 133.504 billion DOGE at that time.

Currently, Dogecoin has a circulating supply of 142.030 billion DOGE, resulting in a supply inflation of 8.526 billion DOGE (6.38%) in two years. If Dogecoin were to reach its highest speculative demand of $98.473 billion market cap, it would trade at a proportionally lower price than its corresponding all-time high, with a potential 762% increase from its current price of $0.0804. 

However, this forecast is dependent on the same demand as 2021, which is not guaranteed to occur.

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