- Dogecoin’s market cap recently dropped from $35.89 billion to $28.4 billion after failing to sustain its rally, triggered by Trump’s U.S. Crypto Reserve announcement.
- If DOGE reaches Twitter’s peak valuation of $56 billion, its price would rise to $0.3778, marking a 96% increase from its current level of $0.1923.
- Dogecoin has already surpassed this level before, hitting a $71.27 billion market cap and $0.4843 price in December 2024, meaning a return to similar levels isn’t out of the question.
Dogecoin’s price would only need a moderate boost to match the peak market cap of Elon Musk’s X (formerly Twitter). But in a market as volatile as crypto, even small gains aren’t guaranteed.
Lately, DOGE has been battered by price swings, struggling to maintain momentum. Just recently, after surging 15.76% on March 2—thanks to Trump’s U.S. Crypto Reserve announcement—the meme coin crashed by 16.79% the very next day.
DOGE’s Market Cap Takes a Hit
During that short-lived rally, DOGE clawed its way back to $0.24. But as momentum faded, the price slipped below $0.20, triggering a $7.49 billion drop in market cap. What was $35.89 billion on Sunday is now down to $28.4 billion—a harsh reality check for investors hoping for sustained upside.
For months, Dogecoin’s movements have been largely dictated by the broader market rather than unique price drivers. Usually, Elon Musk’s tweets and endorsements inject some life into DOGE, but lately, even his influence hasn’t been enough to push it higher.
Despite the recent struggles, market optimism remains strong. Notably, crypto analyst KALEO warned traders not to fade DOGE at these levels, citing past explosive breakouts. Similarly, CryptoELITES has maintained a $5 price target, suggesting that Dogecoin’s correction is nearing an end.
How High Would Dogecoin Need to Go to Match Twitter’s Peak Market Cap?
As analysts continue making bold calls, let’s look at a more practical comparison—what would happen if DOGE’s market cap matched Twitter’s peak valuation?
For context, Twitter went public under the ticker TWTR in 2013 but was taken private by Musk in 2022 following his $44 billion buyout. However, before that, the social media giant reached its highest-ever market cap of $56.03 billion in April 2021.
If Dogecoin were to hit the same valuation, would the price explode? Surprisingly, not as much as you’d think.
The Numbers: DOGE at a $56B Market Cap
Dogecoin currently has a circulating supply of 148.28 billion coins—a number that gradually increases due to its inflationary model. Based on this supply, if DOGE reached $56.03 billion in market cap, its price would sit around $0.3778—a 96% increase from its current price of $0.1923.
That’s significant, but not earth-shattering.
Interestingly, DOGE has already surpassed this level before. Back in December 2024, when Trump’s election-driven crypto boom sent markets soaring, Dogecoin’s market cap hit $71.27 billion, pushing its price to $0.4843—well beyond Twitter’s former peak valuation.
Final Thoughts: Can Dogecoin Reach $0.3778 Again?
Given that DOGE has already surpassed Twitter’s highest valuation, it’s not impossible for it to do it again. But whether that happens in the short term depends on market sentiment, whale activity, and potential catalysts like another Musk-fueled rally.
For now, DOGE traders should watch key resistance levels, as a sustained move above $0.24 could signal a potential uptrend. If the broader market remains bullish, another push toward $0.40 or higher could be on the table.
