Will Dogecoin Soar if Bitcoin Hits $150,000? Here’s What to Expect!
More from the Author Jane Kariuki
Dogecoin (DOGE) experienced a significant rally recently, fueled by Bitcoin’s price surge and support from Elon Musk, but a slight dip occurred when Bitcoin dropped below $91,000.
If Bitcoin reaches $150,000 by 2026, Dogecoin could either face a modest decline or rise to new all-time highs, depending on market conditions and regulatory shifts.
The world of cryptocurrencies is unpredictable, with major assets like Bitcoin (BTC) often setting the tone for the market. Among the many altcoins that track Bitcoin’s price movements is Dogecoin (DOGE), the original meme-based cryptocurrency. Recently, Dogecoin experienced a remarkable rally, sparking questions about its potential future if Bitcoin reaches new heights, like $150,000.
Dogecoin’s Rollercoaster Journey
Earlier this month, Dogecoin saw an incredible surge, with its price soaring following Donald Trump’s victory in the US Presidential election. While some may associate this rally with the political shift, a significant factor in Dogecoin’s price spike was the unwavering support from Elon Musk, who has been a vocal advocate for the memecoin. Musk’s influence, combined with Bitcoin’s all-time high, helped fuel the momentum. The excitement didn’t stop there, as Dogecoin experienced another price boost after Trump, on Musk’s recommendation, gave the green light to create a Department Of Government Efficiency (D.O.G.E.).
Despite recent dips, Dogecoin continues to show strength, boasting an 8.9% increase over the past two weeks and a staggering 133.3% rise over the last month. Since late November 2023, DOGE’s price has surged by nearly 405%. However, a slight decline of 0.9% over the past 24 hours occurred as Bitcoin slipped below the $91,000 mark. Nevertheless, the memecoin has managed to maintain a positive trajectory in the longer term.
What Happens if Bitcoin Hits $150,000?
Looking ahead, predictions for Bitcoin’s price by 2026 are optimistic. According to Changelly, Bitcoin could reach a high of $152,870.86 by October 2026, a 58.6% increase from current levels. This scenario raises an interesting question: what will happen to Dogecoin’s price if Bitcoin hits such a milestone?
Changelly’s outlook for Dogecoin, however, is more conservative. The platform predicts a maximum price of just $0.32 for DOGE by October 2026, which would represent a 20% drop from its current value. While this projection seems bearish, there is potential for a more bullish outcome.
Could Dogecoin Hit New Heights?
If Bitcoin soars to $150,000, the broader crypto market could experience a surge in optimism. With more lenient crypto regulations expected under a second Trump administration, Dogecoin might outperform expectations and even surpass its previous all-time high. Support from influential figures like Musk, along with a favorable regulatory environment, could drive DOGE to new price levels.
In conclusion, while Dogecoin’s future remains uncertain, the memecoin’s rise is undeniably tied to Bitcoin’s performance. If Bitcoin reaches $150,000, Dogecoin could either experience a decline or soar to unprecedented heights. Only time will tell, but one thing is clear: the world of cryptocurrencies is always ripe with potential for unexpected gains.
The post Will Dogecoin Soar if Bitcoin Hits $150,000? Here’s What to Expect! appeared first on Crypto News Focus.
