What if I told you that Ðoge under $4.20 is VERY cheap?

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    Posted by Force-user

    9 Comments

    1. masterbatesAlot on

      Per Chat GPT:

      To calculate the market cap required for Dogecoin to reach a price of $4.20, we need to know the total supply of Dogecoins in circulation. As of August 2021, the circulating supply is around 130 billion Dogecoins.

      First, we need to determine the number of Dogecoins required to be worth $4.20. Let’s assume x represents the price in Dogecoins:
      x * 130,000,000,000 = $4.20

      Now we need to convert the price to Dogecoins:
      x = $4.20 / Dogecoin_price

      Assuming the Dogecoin price in USD is $0.20, we have:
      x = $4.20 / $0.20
      x = 21

      Therefore, to reach a price of $4.20 per Dogecoin, the market cap would need to be 21 times the current circulating supply.

      Market cap required = x * current market cap
      Market cap required = 21 * current market cap

      Please note that cryptocurrency prices are highly volatile and can fluctuate rapidly. This estimation is based on the current values and assumptions, and the market may have different dynamics in the future.

      Dogecoins current marketcap is 22 billion. Take that times 21 and it’s 462 billion. Which is not even half of what Bitcoin currently is. So, I’d say, yes it’s possible. But y’all gonna need to start buying way more than you are today.

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