Miles Deutscher, one of the influential names in the cryptocurrency market, argued in his latest analysis that an altcoin could surpass Solana and become the third largest cryptocurrency in the world.
According to Deutscher, the world's largest memecoin, Dogecoin, could make a big leap in market value and overtake Solana.
Currently, Dogecoin is the sixth largest cryptocurrency in the world, excluding stablecoins, with BNB and XRP standing between it and Solana. BNB, which was the third largest cryptocurrency not long ago, lost its position to Solana.
According to the analyst's claim, the balances may change again and Dogecoin may become the third largest cryptocurrency after Bitcoin and Ethereum with the momentum it has gained.
The reason for this thought is that DOGE, the acronym for Department of Government Efficiency that Donald Trump and Elon Musk will adopt, has been increasingly mentioned since Trump took over the White House.
In addition, the analyst claimed that a record $1 DOGE price is clearly coming.
*This is not investment advice.