Can Dogecoin Reach $1 in 2026? The Answer Might Shock You.
Although only 5 billion new tokens can be mined each year, there is no end date, which means Dogecoin's circulating supply will grow until the end of time. Personally, I've never seen an investment-grade asset with an infinite supply that rose in value over the long term.
Mining isn't exclusive to Dogecoin. Bitcoin is issued in the same way, but it has a capped supply of 21 million coins -- once all of them are mined, no additional coins will enter circulation -- and almost all of them are already circulating. This creates the perception of scarcity, which is why many investors see it as a store of value.
Can Dogecoin reach $1 in 2026?
Aside from Dogecoin's lack of adoption, its supply issue will probably keep a lid on any potential upside from here purely for mathematical reasons.
There are 169 billion tokens in circulation as I write this, and based on a price of $0.09 per token, Dogecoin has a market cap of $15.1 billion. If 5 billion new tokens are mined each year, Dogecoin's total supply will double during the next 34 years or so. That means the price per token will have to decline by a whopping 50% during the same period for its market cap to remain constant.
That is the most likely outcome unless Dogecoin finds a legitimate use case, or a way to create sustainable value. Since it hasn't found one during the past 12 years, I don't like its chances from here.
As a result, not only is $1 per token unlikely in 2026, but it actually becomes increasingly unlikely as time goes on.
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Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Tesla, and XRP. The Motley Fool has a disclosure policy.
Can Dogecoin Reach $1 in 2026? The Answer Might Shock You. was originally published by The Motley Fool
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