As Bitcoin Stays Steady Above $70000, the Spotlight Shifts to Dogecoin and Solana.

Dogecoin has always been one of the most unpredictable coins in crypto, often shooting up in price thanks to social media hype.

As Bitcoin stays glued to the $70,000 mark, the spotlight is shifting to two familiar names - Dogecoin and Solana. While their paths differ, both tokens are catching the attention of traders who are watching for the next big move in the second half of 2025.

Is Another Dogecoin Pump Coming Thanks to Elon Musk?

Dogecoin has always been one of the most unpredictable coins in crypto, often shooting up in price thanks to social media hype, and especially anything linked to Elon Musk. Now, with Musk back in the spotlight, some analysts think another Dogecoin rally might be on the way.

According to Santiment founder Maksim Balashhevich, Musk’s latest shift away from government-related roles may free up his attention, possibly bringing Dogecoin back into the conversation.

(Image Credit: Maksim Balashhevich/X)

He also added that now that Elon Musk is no longer working for the White House, he has time for more pro-Dogecoin antics, meaning another price rally could be on the horizon.

Balashhevich points out that Musk and Donald Trump are reportedly at odds again, which could motivate Musk to do what he does best: take to social media and stir the pot.

The fact that Musk and Trump are now fighting opens up the potential for Musk to return to his ‘old crypto playbook.’

That “playbook” has proven effective before. Musk’s influence on DOGE is no secret; his tweets have regularly caused instant price spikes.

“Musk might turn back to Dogecoin to score a public ‘win’ and restore some credibility.”

Currently, Dogecoin is trading near $0.1935, well below the highs it hit after Trump’s 2024 election win. But analysts say the key right now is watching social media chatter.

“If discussions around the coin remain low for a few more days, it could create the perfect setup for a pump should Musk decide to post about it.”

It’s worth noting that back in November 2024, Dogecoin surged more than 190% after Musk was appointed to head the meme-worthy Department of Government Efficiency (DOGE). But once the excitement wore off, most of those gains disappeared.

Even so, since Musk has a history of moving markets with just a tweet, many think it wouldn’t take much for DOGE to surge again.

Solana’s Rise Is Backed by Real Progress, Not Hype

Unlike Dogecoin, which often runs on buzz, Solana is steadily building momentum through real improvements, faster speeds, major upgrades, and useful tech that’s being built out. Despite some short-term dips, the token continues to hold strong above $160, and the setup for a strong finish to 2025 is starting to take shape.

Crypto strategist Matt Mena from 21Shares says the second half of the year could be key for SOL. He expects a potential breakout if the token clears a critical level.

(Image Credit: Matt Mena/X)

Although Solana is still hovering near its mid-2024 levels, Mena believes that’s about to change, largely thanks to the highly anticipated Firedancer upgrade. This major overhaul could supercharge the network.

He sees Solana entering a price discovery phase and climbing above $300 before the end of the year.

The Firedancer upgrade is set to dramatically improve Solana’s performance, with speeds expected to increase up to 100 times and latency getting a major cut. That alone has caught the market’s attention, but it’s not the only reason Solana’s in the spotlight right now.

Solana is launching the Seeker phone worldwide this August to make Web3 effortless for everyone. With lightning-fast transactions and minimal fees, it’s quickly become the platform of choice for developers building everyday crypto apps.

Bottom Line

Dogecoin and Solana are moving in very different ways, but both have strong narratives going into the second half of 2025. One is fueled by social momentum and the unpredictability of Elon Musk. The other is powered by serious tech and long-term vision.