- Dogecoin (DOGE) is predicted to hit $2 and surpass the market caps of Solana (SOL) and Binance Coin (BNB) according to an analyst
- If DOGE reaches its previous all-time high of $0.73, its market cap would be around $108 billion, higher than SOL and BNB’s current valuations
- The analyst believes DOGE hitting $1 is inevitable, which would make its market cap around $148 billion, placing it third behind Bitcoin and Ethereum
Dogecoin (DOGE) has been on a tear lately, surging over 130% in the past two weeks. Crypto analyst Master Kenobi believes the meme coin could rise as high as $2, pushing its market cap above that of BNB and SOL.
Current Market Dynamics Favor DOGE
DOGE is currently priced at $0.39 and has a market cap above $57 billion. BNB and SOL are ahead of it at $91 billion and $102 billion respectively.
Kenobi explains that DOGE is experiencing massive momentum right now. This is being strengthened by influence from the incoming Trump administration. President Trump recently announced plans to create a DOGE efficiency department with Elon Musk.
Path to $2 and Flipping BNB and SOL
DOGE is currently about 46% below its all-time high of $0.73 from 2021. If it reached its ATH again, DOGE would have a market cap of $108 billion – more than SOL and BNB’s current values.
From there, Kenobi believes DOGE could hit $1, putting its market cap at $148 billion and surpassing USDT for the #3 spot. While BNB and SOL won’t make it easy, the influx of new capital and DOGE’s connections could drive it to $2.
Key Support Levels Will Guide DOGE Higher
Reaching these milestones won’t be straightforward, as BNB and SOL continue growing too. However, Kenobi is confident market makers will navigate DOGE through key levels, leveraging momentum to push it into the top 3.
He says “It’s not a matter of if, but when DOGE reaches $1.” The battle for supremacy with BNB and SOL will be difficult, but DOGE could still hit $2 with the crypto market frenzy.
Conclusion
In summary, Master Kenobi believes DOGE is primed for massive growth ahead. With the stars aligning, he sees the meme coin reaching up to $2 and surpassing BNB and SOL in market cap. The path won’t be easy, but DOGE has the connections and momentum to potentially pull it off.
