“Solana is far closer to establishing a new record high than Dogecoin is to reaching $1,” concluded 24/7 Wall St. analysts evaluating the prospects of both popular cryptocurrencies. To hit the coveted $1 mark, the meme coin Dogecoin (DOGE) needs a massive 1,144% gain, whereas Solana (SOL) requires a 187% rise to eclipse its all-time high of $293.

Dogecoin’s primary hurdle remains its unlimited token supply and vast circulating volume: at $1 per coin, its market capitalization would surge to $156.3 billion, representing roughly 2.6 times the current value of the entire Solana network. Furthermore, DOGE lacks scheduled technical developments and institutional fund inflows, relying almost entirely on community sentiment and viral social media catalysts.

Conversely, Solana is preparing for a major technical upgrade scheduled for October 21, which aims to reduce transaction finality to approximately 150 milliseconds. Despite US-based Solana funds experiencing capital outflows throughout October, the presence of real network infrastructure, institutional interest, and the task of merely recovering previously achieved price levels make a new ATH for SOL a far more realistic scenario.