Dogecoin (DOGE) to Hit $2 and Surpass SOL, BNB: Analyst

Crypto analyst Master Kenobi has suggested that the price of Dogecoin (DOGE) could rise to $2, which could replace the market capitalization of Solana (SOL), Binance Coin (BNB) and even Tether (USDT). The third most valuable cryptocurrency in the market.

The review comes following the recent performance of the OG meme coin, overturning several established tokens including XRP and USDC to become the sixth largest digital asset by market capitalization.

DOGE's Road to Market Cap Milestone

Currently at $0.39 on CoinGecko, the total value of DOGE is more than $57 billion, BNB and SOL are ahead at $91.1 billion and $102.1 billion.

In the year In a Nov. 13 post on Xx, the pseudonymous Kenobi explained how the meme coin currently has tremendous momentum, which he believes could be further strengthened by a very favorable scenario: influence from the top levels of the incoming Trump administration.

This includes the president-elect's recently announced creation of the Department of Government Efficiency, rather more accurately abbreviated as DOGE, headed by Elon Musk, one of the most prominent proponents of the mm coin.

Dogecoin is currently about 46% below the price of $0.73, found in 2021. However, the current growth, in the last two weeks, the price has increased by almost 130% and has increased by 238%. 30 days, he could see inches getting closer to that level.

If it matches its ATH, the dog-themed meme coin will be worth approximately $108 billion, making it more than the current prices of SOL and BNB. Since then, Kenobi believes that the next phase of DOGE will hit the $1 mark.

“It's not a matter of DOGE reaching $1,” the expert said in his post. At that price, the coin is worth an eye-watering $148 billion, and Tether's current market cap of $126 billion puts it third behind Bitcoin (BTC) and Ethereum (ETH).

Challenges and market dynamics

However, while the prospect seemed exciting, Kenobi stated that there was no obstacle. BNB and SOL have shown resilience as their respective market caps continue to rise.

While the high-profile battle between the three coins could be detrimental, the analyst believes that the influx of new capital into the crypto market, the flurry of Doge's White House connections, and the possible psychological impact of reaching $1 could boost the price of meme coin. Like $2

“The battle will not be easy, as both SOL and BNB will continue to push forward. However, with rapid capital inflows and turbulence in the market, DOGE could easily rise to $2 or more.

Additionally, he expressed confidence in how market makers will carefully navigate key demand levels, adding momentum to lead DOGE's eventual climb into the top three.