Analyst who correctly predicted 2022 bull run sees Dogecoin hitting $1T originally appeared on TheStreet.
Dogecoin, the biggest meme coin by market cap, is back in the spotlight after a crypto analyst predicted DOGE's market cap could reach upwards of $1 trillion.
Pseudonymous trader, Crypto Kaleo, took to X to share his ultra-bullish thesis on the meme coin on July 18.
DOGE is going for a God candle, believes Kaleo. His price target? A price of $6.94 per DOGE, representing a whopping 2,600% gain from current prices, would make Dogecoin a crypto heavyweight.
Kaleo relies on Dogecoin reaching the previous bull market conversion rates, wherein Dogecoin was nearly at 10% of Bitcoin's market cap.
If Bitcoin's valuation reaches $10 trillion this cycle, Kaleo suggests that Dogecoin could reasonably achieve a $1 trillion market cap — a significant milestone for any cryptocurrency, especially for a meme coin, to be considered legitimate.
Join the discussion with Scott Melker on Roundtable here.
The coin has been steadily gaining against Bitcoin, fueling speculation that a breakout could be near. At press time, DOGE was trading at $0.2728, up nearly 8% in the last 24 hours, according to Kraken's price feed.
Iconic 2022 prediction for Bitcoin
In July 2022, CryptoKaleo put together a roadmap predicting Bitcoin's price would move between the ranges of $16,000 and $30,000 throughout 2022, then break through high-time-frame (HTF) diagonal resistance in December 2022-January 2023 then elevate quickly whereby it would find a ceiling in the high $40,000 to $50,000 region at the beginning of 2023.
In hindsight, their prediction was partially accurate. Bitcoin did break out of the 16,000-$30,000 trading range to rise up to around $31,000 in April 2023; however their price point in the $50,000 region was inaccurate since Bitcoin did not consistently move into the high $40,000 range when it traded in 2023.
Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.
Analyst who correctly predicted 2022 bull run sees Dogecoin hitting $1T first appeared on TheStreet on Jul 21, 2025
This story was originally reported by TheStreet on Jul 21, 2025, where it first appeared.
