Dogecoin Could Become the Third Most Valuable Cryptocurrency
Dogecoin (DOGE) could soon become the third most valuable cryptocurrency in the world – surpassing even Tether (USDT) – according to a new analysis by crypto analyst Master Kenobi. The assessment comes in the wake of DOGE’s recent performance, where it flipped several established tokens, including XRP and USDC, to become the sixth-largest digital asset by market capitalization.
Dogecoin is currently about 46% below its all-time high (ATH) price of $0.73, achieved in 2021. However, its current progress, which has seen its price skyrocket by nearly 130% in the past two weeks and a whopping 238% over 30 days, could see it inch ever closer to that level. If it matches its ATH, the dog-themed meme coin would be worth approximately $108 billion, placing it ahead of Solana (SOL) and Binance Coin (BNB)’s current valuations.
From there, Kenobi believes the next milestone will be DOGE hitting the $1 mark.
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