As the hype around the news mount, approximately $1.7 billion has been pumped into Dogecoin’s market capitalization in an extremely short period of time pushing the meme coin’s market cap to reach $12.76 billion, the highest figure since December 2022.
The market capitalization of dogecoin still has a long way to go for it to get to its peak of 2021. The current market capitalization is nothing compared to the $88 billion market capitalization dogecoin had when it was trading at $0.68
I think doge coin can still achieve that market capitalization and exceed it to trading above $100 billion market capitalization but that can only be achieved when it surpassed trading at a price of $0.8 and heading to $1.
The minimum target of doge coin for next bull market should be $1 and influencers will make that happen. Doge coin has lots of big influencers support the project including elon musk himself and that'll help it.