Social media personality Topdoge recently speculated on the potential for Dogecoin DOGE/USD to reach a $500B market cap, reminiscent of Ethereum’s ETH/USD previous bull run.

What Happened: On Wednesday, Topdoge shared an analysis on X, formerly Twitter, comparing Dogecoin’s potential growth to Ethereum’s 2020 bull run. If Dogecoin were to hit a $500B market cap, the cryptocurrency’s value would be around $4.20, according to Topdoge’s calculations.