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August, 2021

SOL vs. DOGE Update (SOL-USD, DOGE-USD)

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SOL vs. DOGE Update (SOL-USD, DOGE-USD)

In June, we contrasted two popular cryptocurrencies: Solana ($SOL-USD) and Dogecoin ($DOGE-USD).
 
We noted relative weakness for the meme-coin DOGE, a stark contrast to the promising growth of Solana, a DeFi protocol with a well-defined use case.
 
2 Months have passed, and things are playing out just as we expected.
 
DOGE is trading roughly $0.01 above it’s June 10th price. Conversely, Solana has gained +85% since our bullish feature, breaking into the top 10 over the last weekend.
 
Although Solana Mentions remain below the past highs (-33% QoQ), they’re maintaining impressive growth in 2021, +1200% YoY on a 30-day moving average.

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