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Dogecoin (DOGE) has recently been making headlines as it breaks through a critical resistance level and climbs towards a new high. While some may be thinking that this is the perfect opportunity to get in on the action, others are left wondering if DOGE can actually reach $10 or if another meme cryptocurrency, Pepeto (PEPETO), will steal the show.
To provide some context, Dogecoin has been demonstrating fresh strength after successfully escaping a long-term descending channel and forming a classic double bottom pattern. This upward trend is accompanied by increasing futures and spot trading volumes, reduced selling pressure, and growing large holder activity on-chain analytics confirm. Furthermore, the recent approval of the U.S. Genius Act further solidifies market confidence.
However, reaching $10 seems nearly mathematically impossible for DOGE based on market capitalization requirements. At its current supply levels (145B DOGE), a $10 price would demand a staggering $1.45 trillion market capitalization – far surpassing Bitcoin’s historical peak and approaching Apple or Microsoft’s valuation. In contrast, DOGE’s maximum reached only $0.74 in 2021 during the height of retail enthusiasm and Elon Musk-driven hype.
On the other hand, Pepeto (PEPETO) is rapidly emerging as a serious contender in the meme cryptocurrency market. This project boasts an ambitious development roadmap, a strong community backing it, and the advantage of being available at ground-floor prices during its presale phase.
Source: blockonomi.com
