• Shiba Inu (SHIB) has seen a 3% rise in the past 24 hours, still behind Solana (SOL) in terms of market cap.
• Both Shiba Inu and Solana experienced huge losses in 2022, but have both seen increases in 2023.
• SOL has seen an impressive 32% increase in the first 5 days of the year, while SHIB has only seen a 6% increase in the same time frame.
For crypto enthusiasts, it has been an interesting start of the year. Two of the most popular coins, Solana (SOL) and Shiba Inu (SHIB) have both been performing well, though in different ways.
Shiba Inu, the meme coin, has seen a 3% increase over the last 24 hours. This is certainly an improvement from last year, when the coin lost over 70% of its value in a single year. The coin is still behind SOL in terms of market cap, however, and is yet to recover its losses from 2022.
Solana, on the other hand, has been on a roll this year. Despite it experiencing huge losses in 2022, the coin has seen a surge in 2023. In the first 5 days of the year, the coin has seen an impressive 32% jump in value. This is in stark contrast to the 6% increase seen by Shiba Inu in the same time frame.
It is too early to say for sure whether these two coins will continue their respective runs, but it is certainly an encouraging start for both of them. For now, crypto investors will have to wait and see how the market pans out in the coming weeks and months.