Analyst Predicts DOGE Could Surpass SOL and BNB Soon. Here’s Why

As Dogecoin continues to record significant gains recently, the crypto market is filled with bullish expectations for the asset. According to a crypto analyst, the memecoin could surpass Solana and BNB by market capitalization.

Factors Behind the Prediction

In an X post, crypto analyst Master Kenobi shared that factors such as Dogecoin approaching its all-time high and achieving a $100 billion market cap could propel the asset to overtake Solana and BNB. He also outlined a scenario where the memecoin could become the third-largest crypto by market cap.

According to the analyst, as Dogecoin approaches its all-time high of $0.73, the memecoin’s market cap would surge to $108 billion, positioning it closer to Solana and BNB, which currently have a market cap of $105 billion and $62.5 billion, respectively.

DOGE currently trades at $0.4056, representing a 7.02% increase in the last 24 hours. With a market cap of $59.5 billion, the memecoin occupies the sixth position in the market cap. Over the past week, Dogecoin surged by over 109%, while Solana and BNB registered lower gains of 15.31% and 4.86%, respectively.

Master Kenobi highlighted that the memecoin’s significant bullish momentum has been influenced by several factors, some of which stem from the white house. This refers to the bullish effect of Donald Trump’s election victory on the broader crypto market and the recent Elon Musk’s Department of Government Efficiency (D.O.G.E). 

The analyst expressed confidence that Dogecoin will continue strengthening its market position and will soon hit $1, leading to a market cap of $148 billion. This would surpass even Tether, which currently sits at around $125 billion, to claim the third position. 

Realistic Prediction?

While sharing his optimistic outlook for Dogecoin, the analyst acknowledged that it would not be easy for the memecoin to surpass Solana and BNB as these networks would likely keep advancing. 

“The battle won’t be easy, as both #SOL and #BNB will continue advancing. However, with the rapid flow of capital and the frenzy in the market, #DOGE could easily climb to $2 or even higher,” he stated.