Solana and Dogecoin Hit 3-Year Highs: What’s Next for These Popular Altcoins?

Solana and Dogecoin Reach Milestones amid Crypto Rally

Solana (SOL) and Dogecoin (DOGE) have achieved significant milestones, bolstered by a broader crypto rally fueled by Bitcoin's record highs.

Solana's Rise

SOL has surpassed $212, reaching its highest point since the 2021 crypto bull market. With a 34% weekly gain, it outpaced Bitcoin's 18% and the broader market's 27%. Solana now stands just 20% shy of its all-time high of $260. Its market capitalization exceeds $100 billion, joining Bitcoin, Ethereum (ETH), and Tether (USDT) as the only cryptocurrencies with valuations over $100 billion.

Dogecoin's Surge

Dogecoin has also experienced a meteoric rise, currently trading at $0.28 after an 88% surge in the past week. This surge has elevated Dogecoin's market cap above Ripple's XRP, making it one of the top-performing assets of the week. DOGE now trades at levels not seen since December 2021, with its market cap exceeding $42 billion, while XRP stands at $37 billion.

Market Implications

The recent performance of Solana and Dogecoin underscores the continued momentum in the altcoin sector. Investors are optimistic about further gains in the crypto market.