Dogecoin (DOGE 2.10%) and Solana (SOL 4.60%) are both cryptocurrencies, but their similarities end there. Whereas one is a serious blockchain with a thriving ecosystem of different projects and a slew of different catalysts in play, the other is the king of meme coins, with little in the way of utility.
If you’re looking to allocate a moderate to large amount of money to cryptocurrency, like $5,000, you owe it to your portfolio to understand which of these coins is the better option and why.
This isn’t a close contest at all
Both Solana and Dogecoin have been star performers over the last five years.
Take a look at this chart:
Solana Price data by YCharts
As you can see, Solana was by far the better asset to hold over the last five years, and it will also likely be the better asset to hold over the next five years, too.
In short, there’s a solid investment thesis for the coin that…
