Dogecoin (DOGE), one of the top 10 cryptocurrencies in terms of market capitalization, has attracted all attention as one of the best performers of the day. At the time of writing, each DOGE is trading at $0.07368 and has a market value exceeding $10.43 billion.

시가총액 기준 상위 10대 암호화폐 중 하나인 도지코인(DOGE)은 이날 최고의 성과를 낸 암호화폐 중 하나로 주목을 받았습니다. 이 글을 쓰는 시점에서 각 DOGE는 0.07368달러에 거래되고 있으며 시장 가치는 104억 3천만 달러를 초과합니다.

Price Target in Dogecoin

Discussions continue about Dogecoin, the meme coin with the largest market capitalization in the cryptocurrency universe. Traders and investors continue to comment on whether Dogecoin can reach the anticipated historical level of $1 with a strong price movement.

For such a price to occur, Dogecoin needs to achieve a 1,257% increase from its current level. In addition, considering the circulating supply for Dogecoin to reach $1, it needs to have a market capitalization of $141.57 billion.

이러한 가격이 발생하려면 Dogecoin이 현재 수준에서 1,257% 상승을 달성해야 합니다. 또한 Dogecoin의 유통량이 1달러에 달한다는 점을 고려하면 시가총액은 1,415억 7천만 달러가 되어야 합니다.

If this situation happens, its market value will make DOGE the third largest cryptocurrency after Ethereum (ETH) with a market value of $218.61 billion and Bitcoin (BTC) with a market value of $668.84 billion.

In addition, it should be noted that Dogecoin has one of the highest supply inflations among the top 10 cryptocurrencies. This situation can directly affect the possibility of reaching higher prices even if the demand for DOGE increases over time.

또한 Dogecoin은 상위 10개 암호화폐 중 공급 인플레이션이 가장 높은 것 중 하나라는 점에 유의해야 합니다. 이러한 상황은 시간이 지남에 따라 DOGE에 대한 수요가 증가하더라도 더 높은 가격에 도달할 가능성에 직접적인 영향을 미칠 수 있습니다.

Dogecoin had approached the $1 level in the past. On May 8, 2021, Dogecoin reached a market value of $88.80 billion and reached its all-time high price of $0.73. If the highest circulation occurs in DOGE, there may be a decrease of more than 15% in its price and it can trade at $0.62 with the current circulating supply.

Dogecoin Price Analysis

Dogecoin 가격 분석

Speaking of the price performance of DOGE on October 26, it rose to $0.06632 with a 10.58% price increase at the time of writing and is trading at this price.

Although reaching the $1 price level in Dogecoin is not impossible, it will also require an unprecedented demand to overcome the future increase in supply. For this to happen, Elon Musk and perhaps other celebrities need to provide clear support, similar to what happened in the past.

Dogecoin의 1달러 가격 수준에 도달하는 것이 불가능하지는 않지만, 향후 공급 증가를 극복하려면 전례 없는 수요도 필요합니다. 이를 위해서는 엘론 머스크와 어쩌면 다른 유명인사들도 과거에 일어났던 것과 마찬가지로 명확한 지지를 제공해야 할 것입니다.

계속 읽기: https://en.coin-turk.com/is-it-more-logical-to-invest-in-dogecoin-doge-or-ripple-xrp/