- If Bitcoin hits Ark Invest’s $2.4 million target, Dogecoin could surge 2,439% to around $4.42.
- Strong historical correlation suggests DOGE may closely mirror Bitcoin’s massive rally.
Dogecoin (DOGE), once dismissed as a meme coin, may be on the brink of a massive price explosion—if Bitcoin delivers on one bold forecast.
According to investment giant Ark Invest, Bitcoin could hit a staggering $2.4 million per coin by 2030. This prediction, driven by expectations of institutional adoption, growing ETF inflows, and its role as a digital store of value, suggests a jaw-dropping 2,439% increase from Bitcoin’s current price of around $94,500. If this scenario plays out, Bitcoin’s market cap would swell to an astronomical $48 trillion.
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But what does this mean for Dogecoin?
DOGE has long exhibited a strong price correlation with Bitcoin. Recent data from IntoTheBlock shows a 97% correlation over the past month. That means if Bitcoin goes up, DOGE usually follows closely behind—and sometimes even outpaces it during bull runs.
At the time of writing, Dogecoin is priced at $0.1744 with a market cap of $26 billion. If it mirrors Bitcoin’s projected 2,439% rise, DOGE could surge to approximately $4.42. This would represent a historic all-time high for the token, catapulting it from meme status to serious contender in the crypto space.
Crypto analysts seem to agree. Prominent Dogecoin advocate Kevin has maintained that DOGE is mimicking its 2020–2021 cycle and could hit $4 by year-end. Another analyst, Alan, even pointed to a bullish Fibonacci extension pattern that targets the $4 level.
However, not all experts are as bullish. Forecasts from Changelly suggest Dogecoin might not reach the $4 mark until 2034—underscoring the uncertainty and volatility in crypto predictions.
Still, if Bitcoin truly rockets to $2.4 million, history—and correlation data—suggests Dogecoin won’t be left behind. In fact, DOGE could end up riding that wave all the way to $4.42—or beyond.