Dogecoin reaching an $80 billion market cap won't be a new all-time high (ATH) due to its inflationary status and the continuous issuance of new coins.
The $80 billion market cap would put the Dogecoin price at $0.5, calculated by dividing the market cap by the circulating supply.
Despite this, some crypto analysts predict that Dogecoin could surpass its current ATH of $0.73 and reach $1 or even higher in the ongoing bull run.
At present, Dogecoin is trading at around $0.11, showing a 4% increase in the last 24 hours.