“For Polkadot, doubling simply means returning to the $2.40 level, whereas Ethereum would need to eclipse its all-time high of $4,946 to achieve the same feat,” concluded 24/7 Wall St. analysts when comparing the upside potential of both cryptocurrencies. Currently, Polkadot (DOT) trades 97.8% below its peak, while Ethereum (ETH) sits roughly 48.8% off its record high, creating fundamentally different requirements in market demand for a 100% gain.

Polkadot’s primary advantage lies in its shorter path to a double: rising from $1.20 to $2.40 requires only a modest capital inflow, as evidenced by its recent 19.1% gain over 30 days. Conversely, Ethereum doubling to $5,061 demands pushing past its historical record amidst ongoing broader market pressure. Notably, spot Ethereum ETFs have suffered nine consecutive days of capital outflows, eroding net fund assets and dampening the bullish momentum for the second-largest cryptocurrency.

Nevertheless, analysts emphasize that Polkadot lacks the robust institutional backing that supports Ethereum, and a depressed price alone does not guarantee a sustained recovery. However, given current fund dynamics and the mathematical distance to target, Polkadot doubling first remains the more probable outcome, unless renewed ETF inflows trigger a fresh rally toward new highs for Ethereum.