Bitcoin is not only the first blockchain cryptocurrency; it’s also the most popular crypto in the world right now. It first started trading at around $0.0008 per coin in July 2010. But now the price is almost $60,000. Which means 100$ worth of bitcoin in 2010 is now worth more than $7 billion. But in the last few months, another cryptocurrency dogecoin has stolen its spotlight. In January, the price of dogecoin was around $0.005, but now it’s worth more than $0.5. It’s just a matter of time before it reaches that 1$ milestone, which everyone thought was impossible a few years ago. But can it rise further than that to reach a price of around $1000 or even $60000 to steal the crown from Bitcoin in the future? Bitcoin currently has a supply of around 1.8 million and a market cap of almost $1.1 trillion. On the other hand dogecoin has a supply of around 130 billion and a market cap of $66 billion right now. In order to be worth more than $60,000, the market cap needs to be more than $8000 trillion. Which is simply impossible. On top of that, unlike bitcoin dogecoin doesn’t have a limited supply. In order to keep the network secure and operational, doge blockchain adds 5 billion new coins to its network every year. So in 10 years the required market cap for $60,000 will change from $8000 trillion to almost $11000 trillion. So it’s fair to say that it’s completely impossible for dogecoin to reach a price of $60000. But, the price really doesn’t matter. In order to beat bitcoin, dogecoin doesn’t need to be worth more than the price of bitcoin. It just needs to have a higher market cap. As mentioned before, bitcoin has a market cap of around $1.1 trillion and dogecoin has a market cap of $66 billion right now. So is there a possibility for dogecoin to cross that $1 trillion market cap? Well, yeah. It’s gonna be hard but it’s not completely impossible. There’s also a possibility that one day dogecoin will reach a price of $10 or you can say a market cap of around $1.3 trillion in the future. But it’s gonna take a few challenging years and a few changes in the mindset of the major investors. Instead of simply buying and selling, just like bitcoin, we need to hold it and find some real world use cases for it in the future. Otherwise it’s gonna be a lot harder and an almost impossible milestone to achieve.