Both Solana and Dogecoin have experienced huge meetings in the past.
Solana successfully competes in several major cryptocurrency segments.
Dogecoin is waiting for the economic and liquidity conditions to break its benefits.
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Happiness may have been favorable to early buyers of certain cryptocurrencies, but Lightning rarely strikes the same place twice, and almost never, if there are no factors that make it happen. Many disposable chips in 2021 In the center of the Crypto Bonanza, since then swollen to high -capital behemoths, but only a couple has a gas tank to repeat the deed.
In that area, Dogecoin(Crypto: Doge) began as a meme coin made of pure whim while Solana(Crypto: Sol) Prepared as a high-speed platform for serious creators-it is only a recent reputation as a Meme coin casino, not economically valuable projects.
Can any of these assets force someone who is now investing in millionaires?
Before the coin can multiply the value, it needs increasing demand. In turn, several main drivers who encourage consumers and investors to create that demand.
Based on the front of the demand, the use of the Solana circuit constantly crushes its records.
Active chain wallet addresses in June. Reached 116.4 million, more than in each other layer 1 (L1) and 2 (L2) (L2) combined together, and its Q2 revenue exceeded $ 271 million. These activities directly feed on the Solana brand burning mechanism, slightly tightening the supply when the headlines attract fresh investors.
Creators follow consumers and capital, and vice versa. 2024. Solana was the highest goal of new Crypto program developers aimed at 7,625 fresh co-author-83% per year, which even abolished its archive Ethereum From the upper socket.
The influx is even more growing into an already expanding ecosystem. Chain segments such as decentralized finance, decentralized physical infrastructure networks, meme coins, circuit AI frames and token real -world assets, everyone fears attention, capital and new users.
Image Source: Getty Images.
This is the big reason the circuit bridges with institutional capital are constantly appearing. EverythingThe Stablecoin platform distinguishes Solana’s quick billing layer as a suitable for basic payments, stating that basic consumer payment services can eventually connect directly to the network confirmator.
None of the above guarantees that the coin will experience 100 times upside down, it will need to force an investor with a position of $ 10,000 in millionaires, but it creates a reliable growth flywheel. The use of the main segments of the Solana provides network fees and income, which increases the increased income of coins, thus further promoting institutional capital that seeks yields and revenue, and also accumulates the interests of developers to use more in the future.
Many Crypto chains do not have it now, so Solana is one of the sector leaders.
Dogecoin’s superpower is its cultural container. Almost everyone heard about it, and everyone who heard about it probably at least heard about his face melting approaches in 2021. And 2024. At the end of the end.
Unfortunately, Meema does not write the code and seduces institutional capital. 2019 At the end of the 19th century, Dogecoin was averaged by less than six active creators a month per month, and since then the image has barely improved as there is no mechanism to create that result. The latest Core edition landed seven months ago and provided minor corrections, not new functions – and there is no exact legion on technical users who demand no one.
Another problem is that Dogecoin supply policy is an inflation in design. Five billions of new Dogecoin chips fall into circulation each year. Currently, the total circulation supply is about 150 billion.
This constant drop of supply dilutes the existing holders unless the demand rises faster, which is a very high order of property that does not have a real case of use. There is no intellectual contract platform, no native Stablecoin, there is no conformity to the tool set to the authorities and there is no serious plan to replace any of the above.
Without any useful attachment, Dogecoin remains circuits to enjoy a celebrity twist. It may be the King of Meme coins, but it will not be able to gain value unless the external macroeconomic and liquidity environment is extremely favorable, then probably still better assets to invest in.
As mentioned earlier, the $ 10,000 was converted to $ 1 million. USD means returning 100 times.
Solana’s 100 -fold transition from today’s $ 89 billion market in the market will create a $ 8.9 trillion monster, that is, to be greater than a couple of largest corporations in the world. Dogecoin means $ 3.1 trillion in a $ 31 billion market for $ 31 billion. Any scenario is theoretically possible, but extremely incredible, taking into account the restrictions on macroactivity and still a small part of global assets for digital assets.
Do not buy any of these coins in the hope of becoming a millionaire as it will not happen.
But if your goal is to get closer to seven numbers, Solana offers a single reliable shot if you can stomach volatility, regulatory surprises, and the likelihood that another circuit affects it in the main segments.
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Alex Carchidi occupies Ethereum and Solana. The Motley fool is a position and recommends Ethereum, Solana and Visa. The Motley fool has a disclosure policy.
Which cryptocurrency can a millionaire manufacturer? Dogecoin and Solana initially released The Motley Fool
