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If DOGE surpasses Solana and Ethereum’s market cap, potential Dogecoin prices are as follows
If DOGE surpasses Solana and Ethereum’s market cap, potential Dogecoin prices are as follows
February 14, 2025
Ethereum and Dogecoin bridge
In the major market conditions where Dogecoin surged by 167% and 792%, it may surpass the market capitalization of Solana and Ethereum.
Dogecoin took the crypto market by storm in the last quarter of 2024, tripling its price in just two weeks. During this period, the performance of Solana and Ethereum pales in comparison.
Although Dogecoin lost some of these gains, its year-over-year performance is still better than Solana (SOL) and Ethereum (ETH). In particular, Dogecoin’s bottom price was $0.2532, up 211%, while SOL rose 90%. Meanwhile, Ethereum performed even worse, achieving only 6.5% annual growth.
As Dogecoin shows strong potential to demonstrate more astonishing price performance than SOL and ETH, this article explores the potential market value of DOGE in the hypothetical scenario of Dogecoin surpassing Solana and Ethereum’s market cap.
If Dogecoin surpasses Solana’s price
As of today, Dogecoin ranks eighth in market cap with a valuation of $37 billion. Meanwhile, Solana ranked fifth with a market cap of $98 billion, three spots ahead of Dogecoin.
For Dogecoin to get close to Solana’s levels, its market cap would have to nearly triple. Specifically, if Dogecoin reaches a market cap of $100 billion, this would put the price of a unit of DOGE at $0.6757, considering its supply is 148 billion coins.
Dogecoin is currently trading at $0.2532 and reaching $0.6757 would require a growth of 167%. In fact, if Dogecoin achieves a gain of 167% and Solana fails to achieve a similar growth rate, it will be at risk of losing its market cap ranking, allowing DOGE to surpass it.
If Dogecoin surpasses Ethereum’s price
Meanwhile, the memecoin faces a tougher challenge to get close to Ethereum, the king of altcoins. Currently, Ethereum has a market cap of $320 billion and a unit price of $2,655.
Considering Dogecoin’s $37 billion market cap, it would need nearly 10 times growth to reach Ethereum’s current levels. In particular, in order to surpass Ethereum and reach a market cap of $330 billion, Dogecoin’s market cap would have to grow by 792%.
Such an increase would bring the price of a Dogecoin unit to $2.23. Notably, many analysts have estimated that targets in and above this price range are realistic expectations for Dogecoin this year.
In other words, in a hypothetical scenario, if Dogecoin achieves a price surge of 800% and Ethereum remains relatively stable, the meme coin could surpass Ethereum and become the second-largest cryptocurrency.
Meanwhile, Dogecoin may face resistance from other well-performing crypto assets like XRP as it chases this high.
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