GROK AI Predicts How High Dogecoin Price Will Be If Bitcoin Hits $10 Trillion Market Cap
For many, the Bitcoin market cap hitting $10 trillion is seen as solely a matter of time as the value rises, however what occurs to meme coins like Dogecoin throughout this time? In the previous, these altcoins have outperformed Bitcoin in instances of bullish rallies, and that is anticipated to proceed with every bull cycle. Using previous performances and the DOGE/BTC market cap ratio, Elon Musk’s GROK AI has projected how high the Dogecoin worth could be if the Bitcoin market cap hits $10 trillion.
Dogecoin Price To Eventually Cross $1
The AI takes under consideration the present ratio of the Dogecoin market cap relative to that of Bitcoin, and in addition the very best level that this ratio has been prior to now. Currently, the ratio sits at round 1.76%, however in instances of bullish momentum, this ratio has beforehand risen larger. An instance of that is again within the 2021 bull market.
Back when the Dogecoin euphoria was at its peak, with billionaire Elon Musk personally selling the meme coin, the ratio of the DOGE market cap to Bitcoin rose as high as 3.5%. Using this and translating it to a time when the Bitcoin market cap reaches $10 trillion with its worth above $500,000, the AI has been capable of challenge how high the Dogecoin worth could be.
In instances of maximum bullishness, the place the Dogecoin to Bitcoin ratio rises as high as 3-4%, it could imply that the DOGE market cap may rise as high as $170 billion. This takes under consideration the inflationary nature of the Dogecoin supply, which the AI takes under consideration. Using a conservative estimate of 151 billion DOGE cash in circulation at a time when the Bitcoin market cap hits $100 trillion.
Since an increase to $10 trillion market cap is a 4.39x from right here for the Bitcoin worth, it’s anticipated that the Dogecoin price would see a similar increase. Or in some circumstances, the meme coin may outperform because it has executed prior to now. Using this, the AI comes up with each a conservative and a bullish goal for the Dogecoin worth.
In the conservative goal, the Dogecoin price is sitting at $1.16 with a market cap of $176 billion, whereas the Bitcoin market cap hits $10 trillion. However, within the extra bullish situation, the place the DOGE worth outperforms because it did again in 2021, the AI sees the value rising as high as $2.32, which might be a $350 billion market cap at a circulating provide of 151 billion DOGE tokens. This would imply an 8-10x in distinction to Bitcoin’s 4.39x.
Factors that could drive this outperformance are highlighted, together with social media hype, which has beforehand pushed up the value. The prospect of rising adoption through ETF approvals and DOGE funds additionally elements into this. However, the AI additionally highlights the truth that regulatory crackdowns, a decline in meme coin curiosity, and/or Bitcoin sustaining its high dominance available on the market above 60% may all result in the meme coin’s worth staying beneath $1.
