Dogecoin Reaching Its $80 Billion Market Cap Peak Won’t Mean A New ATH, Here’s Why
In the 2021 bull run, Dogecoin hitting an $80 billion market cap marked a new all-time high (ATH) for the foremost meme coin. This time would be different if the meme coin reached this market cap, as its price would still be below its current ATH of $0.73.
Why Dogecoin Reaching An $80 Billion Market Cap Isn’t A New ATH
Dogecoin community member John Carter explained in an X post that DOGE reaching an $80 billion market won’t mark a new ATH for the meme coin primarily due to its inflationary status. The meme coin has an infinite supply, meaning that more $DOGE tokens will keep entering into circulation.
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