- DOGE and SHIB are 95% correlated right now.
- If SHIB hits $0.001 (a 7,798% jump), DOGE could hypothetically climb to $13.
- Analysts have floated a $10 DOGE target—might not be as crazy as it sounds.
Alright, so—let’s talk Dogecoin. Yeah, that scrappy, meme-loving coin that just won’t quit. Even though the market’s been looking rough lately, and DOGE has taken a hit (like, a big one), there might be something brewing beneath all that red.
The Ugly Numbers (But Hang Tight)
So far this year, Dogecoin’s been down bad—like 46.64% bad. Right now, it’s chilling (read: struggling) around $0.16. Meanwhile, Shiba Inu hasn’t fared a whole lot better—down about 40.08%. Not exactly sunshine and rainbows, right?
But here’s the twist: investors don’t seem too shaken. In fact, some big SHIB wallets have started stacking again. Buy the dip? Maybe. Or maybe they know something the rest of us don’t.
The SHIB-DOGE Connection
Here’s where it gets interesting. Analysts have been dreaming (again) about SHIB hitting that magical $0.001 mark. It’s been a thing since last September when a dude named Krao said it could happen. Sure, it still feels far off—but the hype is very much alive.
Now—this is the juicy part—Dogecoin and Shiba Inu have been moving almost in sync. We’re talking a 95% price correlation over the last couple of months. According to IntoTheBlock, that’s rock solid.
So, the thinking goes: if SHIB really does explode up to $0.001, Dogecoin might just ride that same wave. Meme magic, baby.
If SHIB Moons, Could DOGE Go to $13?
Let’s do some math. SHIB is currently priced at $0.00001266. For it to hit $0.001, it would need to pump by a crazy 7,798%. Yeah, no typo—seven-thousand-something percent.
Now, if DOGE sticks to its usual rhythm and follows SHIB’s move with that 95% correlation? That same 7,798% jump would take Dogecoin from its current $0.1682 to… drumroll… around $13.20. Wild, right?
Most analysts haven’t exactly backed a $13 DOGE, but $10? That’s been tossed around. In fact, Ali Martinez said back in February that $10 is doable if DOGE holds key support. And even earlier, Dima Potts was calling for a $10 DOGE by May 2025.
So… Is It All Hopium?
Maybe. Maybe not. It’s crypto—crazy stuff happens. But one thing’s for sure: as long as DOGE and SHIB keep dancing in sync, one’s moonshot might just drag the other along for the ride.
If you’re still holding that DOGE bag from the Elon tweets era… who knows? You might not be out of the game just yet.
