Dogecoin has always performed as well as Bitcoin does as the latter serves as the benchmark for the entire crypto industry, DOGE serves as the sentiment index for the meme coin sector. And if estimates from Ark Invest hold up, with Bitcoin hitting $2.4 million by 2030 , Dogecoin could very well go on a parabolic spike to $4. Dogecoin has, after all, come a long way from its 2013 inception as a satirical take on the “Wild West” days of crypto into the pre-eminent meme coin. DOGE is now a firm fixture in the top 10 cryptocurrencies by market cap. If Bitcoin continues to gain buy-in from institutions and nation-states, Dogecoin could gain serious momentum. Can Dogecoin break out to $4 by 2030, assuming Ark Invest’s estimates are right? Let’s find out. Analyst forecasts peg DOGE for dramatic surge Wall Street asset manager Ark Invest predicted that Bitcoin could hit an all-time high of $2.4 million by 2030 and such an increase typically trickles down to the rest of the crypto market. Big-cap altcoins and meme coins like Dogecoin, whose price action is closely correlated with Bitcoin, could capture a large swathe of that liquidity as the leading meme coin by market cap. Data from IntoTheBlock shows that Dogecoin’s correlation in the past month sits at 94%, lending credence to the bullish predictions some prominent crypto analysts are forecasting for Dogecoin within the same time frame. Dogecoin is closely correlated to Bitcoin prices. Source: IntoTheBlock The path to DOGE at $4 Veteran crypto analyst Ali Martinez believes Dogecoin’s price action is moving at price levels that are sloping upwards in the long term dependent on the meme coin’s ability to hold at certain price ranges. Currently, Dogecoin prices sit right between solid support at the $0.16 to $0.19 range which, according to Martinez, keeps the path towards a run to $4 wide open . That’s about a 19x increase from its current prices. If this forecast comes to pass, it would mean Dogecoin would run up to a market cap of $575 billion. That’s double the market cap of Ethereum, which is second only to Bitcoin. This is, of course, all within the realm of speculation if Dogecoin took six years to hit its 2021 all-time high of $0.74, it’s still well within the realm of possibility for DOGE to capture enough of the runoff from expected capital inflows into Bitcoin to see it mint new all-time highs on its path to $4. Can the support hold up its end of the bargain for most of the year? Only time will tell. Dogecoin holding at support levels. Source: CoinMarketCap Is $4 actually possible for Dogecoin? A growing number of Wall Street analysts believe Dogecoin could be mirroring the price action reminiscent of its epic 2020 to 2021 run to all-time highs . What we’re seeing right now could be an ideal time to accumulate DOGE before it goes on the next leg up and ultimately to bullish $4 territory. Ultimately, Dogecoin could, in theory, reach $4 for as long as it remains hitched to Bitcoin’s wagon. And given its history of outperforming Bitcoin during peak bull runs, Dogecoin could outperform $4 given its viral appeal and first-mover status as the top meme coin in the business. New PayFi presale superstar Remittix (RTX) offers DOGE-like gains While Dogecoin remains on a bullish trajectory in the next 5-year time frame owing to its close correlation to Bitcoin prices, early-stage blue chips like Remittix (RTX) offer a similar pathway to parabolic gains within a shorter time frame. Owing to its presale raising past $14.7M+ raised as RTX tokens available at a discount of $0.0757 draws the interest of whales and the smart money, Remittix could be an ideal play for investors looking to get the most bang out of their investment buck. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
