Analyst who correctly predicted 2022 bull run sees Dogecoin hitting $1T

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.

My target for $DOGE this cycle is a one trillion dollar market cap (roughly $6.9420).

Memes have proven they have real value throughout the course of the bear market.

The king of memes deserves to see $1T.
— K A L E O (@CryptoKaleo) July 17, 2025

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.

Added a bit more detail than the last time I shared this.

Most likely path from here is seeing a base range between $16K - $30K established, that eventually resolves around December when price finally breaks above HTF diagonal resistance.
— K A L E O (@CryptoKaleo) July 6, 2022

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.

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