Dogecoin (DOGE) is leading as the best performer for the day among the top 10 cryptocurrencies by market cap. Meanwhile, each DOGE is currently priced at $0.07368, contributing to a total market capitalization exceeding $10.43 billion at the time of writing.
With a strong momentum for the most capitalized meme coin in the cryptocurrency spectrum, crypto traders and investors dispute controversial opinions on whether Dogecoin could reach the psychological mark of $1 per coin.
Such a price target would mean a surge of 1,257% from current values. Moreover, it would mean a market capitalization of $141.57 billion dollars, considering Dogecoin’s current circulating supply.
Interestingly, this would place DOGE as the third-largest cryptocurrency, after Ethereum (ETH) with $218.61 billion and Bitcoin (BTC) with a $668.84 billion market cap.
Top 10 cryptocurrencies by market cap. Source: CoinMarketCap
However, it is important to understand that Dogecoin has one of the highest supply inflat
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