Both Ethereum and Dogecoin are gaining momentum in the cryptocurrency market this summer, having achieved remarkable gains. While Ethereum's value has risen over 50% in the past thirty days and currently trades at around $3,700, Dogecoin is not far behind, having jumped 37% to reach $0.24. The question many investors are asking is: Which currency is expected to double its value faster in the upcoming period?
Ethereum: The power of technology and institutional money
Ethereum is entering a strong recovery phase, and a significant part of this trend is the inflow of institutional money through regulated financial products, especially ETFs.
Since July 2, Ethereum ETFs have captured over $4 billion, including a record $533 million on July 22 alone. The combination of rising demand (thanks to ETFs and staking) and limited supply (due to locked-up coins) may lead to a supply shock, pushing Ethereum prices even higher.
Additionally, the Pectra upgrade, which was launched in early May, brought several significant improvements:
Wallet functionality upgrade
Increased scalability
Reduced gas fees
These factors help operate deposit pools more efficiently, increasing yields and encouraging investors to hold coins for the long term. At the same time, Ethereum continues to maintain its leading position in the DeFi sector, representing over 50% of the total value locked (TVL) in the entire market.
More importantly, for Ethereum to rise from $3,700 to $7,400, it did not need the frantic speculation like other currencies. All it needed was:
ETF funds continue to flow in
Staking maintains stable returns
The DeFi ecosystem continues to grow
These three conditions are almost guaranteed, at least in the near term.
Dogecoin: Betting on the psychology of the masses, not on the platform
Unlike Ethereum, Dogecoin currently relies on speculative expectations and market sentiment to raise its price. Rumors about the potential approval of a Dogecoin ETF by the U.S. Securities and Exchange Commission (SEC) before the end of the year have contributed to the recent rise in the coin's price.
If approved for a Dogecoin ETF, there is no doubt that its price will see a sharp increase, at least in the short term. The participation of retail investors through passive investment channels has strengthened Dogecoin's purchasing power in the long term.
However, the biggest problem facing Dogecoin remains its lack of a platform:
There is no clear practical application
No smart contracts
There is no DeFi ecosystem
There is no long-term plan for technology development
Additionally, Dogecoin faces a steady growth rate in supply: nearly 5 billion new DOGE are created each year, representing a supply growth of 3.4% - putting downward pressure on the price without a corresponding increase in demand.
In short, it is entirely possible for the price of Dogecoin to rise from $0.24 to $0.48 if an ETF is approved and social media buzz returns. However, this price increase is unsustainable and is prone to a subsequent collapse, as has happened previously.
The result: Who has a better chance of doubling its value?
In terms of long-term potential, fundamentals, and institutional money, Ethereum is the standout winner. The price of Ethereum could double in the next twelve months without frantic speculation, as long as current factors continue to influence it.
Meanwhile, Dogecoin remains a "gamble" dependent on luck and the temporary faith of the community, not on the basis of technological strength or a solid financial foundation.
🔍 The wise choice for long-term investors at this time may be Ethereum.