Doge coin is 1 dollar?

Dogecoin needs to rise more than 900 percent to become $1.
Assuming DOGE is $1 as of today, its market cap reaches approximately $138.8 billion. Under this assumption, DOGE becomes the 3rd largest cryptocurrency in the market. In other words, it goes above cryptocurrencies such as Tether, BNB, USDC. Bitcoin's market cap is $547.1 billion today, while Ethereum's is $224.9 billion. On the other hand, the total value of the cryptocurrency market today is over $1.19 trillion. DOGE dominates 8.5 percent of the market if it were $1 today.
Dogecoin hit the highest level in its history, reaching as high as $ 0.73 on May 8, 2021. The market value at that time had risen to 82 billion 429 million 781 thousand 487 dollars. DOGE's circulating supply on May 8, 2021 is estimated at over 112 billion units. On May 8, 2021, the cryptocurrency market cap was hovering over $2.4 trillion. Considering the figures of the day, DOGE was only 0.034 of the market.
In today's conditions, it does not seem very possible for Dogecoin to go up to 1 dollar. In order for this scenario to happen, new money inflows are needed in the market. Another possibility is to reduce the amount of DOGE in circulation. However, DOGE does not have a combustion mechanism. New money inflows to the market have also been at a limited level recently.
Dogecoin hit an all-time low of $0.00008547 on May 7, 2015. Since then, it has increased by about 12 thousand percent. DOGE has seen an increase of 18 thousand percent since its launch.
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