• Shiba Inu has seen a rise of 3% during the last 24 hours, but the meme coin is still behind Solana in terms of market cap.
• Shiba Inu has enjoyed an uptrend in the past day, while Solana has declined.
• Solana has seen amazing returns of around 32% in the first five days of the year, despite a slight decline in the past 24 hours.
Shiba Inu and Solana have both had their ups and downs over the past year, but the beginning of 2023 has been kinder to the two cryptos. Shiba Inu has seen a rise of 3% during the last 24 hours, leaving the meme coin with a market capitalization just behind Solana. The coin has enjoyed an uptrend in the past day, while Solana has seen a slight decline in the same time frame.
In terms of returns over the last 30 days, Shiba Inu is still 9% into the red as the recent uptrend hasn’t been enough to erase the poor December performance yet. Solana, on the other hand, has seen amazing returns of around 32% in the first five days of the year, despite the slight decline in the past 24 hours.
The meme coin has been well-received by investors due to its potential to become an Ethereum-killer and the fact that it is based on the popular Dogecoin fork. Despite the positive sentiment, Shiba Inu is still behind Solana in terms of market capitalization and is yet to break the $1 billion market cap barrier. Solana has seen a sharp increase in its value since the beginning of 2021, with its market cap now well above the $10 billion mark.
The recent uptrend in Shiba Inu is likely to continue in the near future, with experts predicting that the coin’s value could reach as high as $0.0003 in the coming weeks. Meanwhile, Solana is also likely to continue its meteoric rise and could easily break the $15 billion market capitalization barrier in the near future.