Bitcoin (BTC) and Dogecoin (DOGE) are both trading in the green zone today. The crypto market seems to…

Bitcoin (BTC) and Dogecoin (DOGE) are both trading in the green zone today. The crypto market seems to be slowly recovering from yesterday’s sell-off. BTC is inching closer to reclaiming the $100,000 mark once again. Despite the rally, the original crypto faces considerable resistance at the $97,000 mark. DOGE, on the other hand, is struggling to breach the $0.19 mark.

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How High Will Dogecoin Go If Bitcoin Hits $150,000?

Bitcoin (BTC) has had multiple all-time highs over the last year. The asset hit its most recent peak of $108,786 on Jan 20 of this year. DOGE, meanwhile, has struggled to gain momentum over the last few years. The memecoin has had sporadic rallies, but has not hit a new all-time high since May 2021.

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According to X’s Grok AI, if BTC hits $150,000, its price will rally by 54.76%. If DOGE rallies with a similar figure, it will hit $0.2679.

Grok also highlights that during bull markets, DOGE has usually outperformed BTC. This is likely due to the speculative nature of memecoins. For example, in 2024, DOGE surged 225% while BTC gained 85%.

Going by this pattern, Dogecoin (DOGE) could surge to a much higher price point than $0.2679. Many anticipate the memecoin to breach the $1 mark if Bitcoin (BTC) hits $150,000. Reaching $1 from current price levels will translate to a rally of about 477.7%.

There is a high probability that Bitcoin (BTC) will hit the $150,000 mark sometime this year. The Federal Reserve may cut interest rates as inflation in the US cools. A rate cut could lead to investors making risky bets. Institutional fund inflows have also substantially increased. BlackRock purchased more than $4.5 billion worth of BTC since Apr. 21 of this year.

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