Shiba Inu and Solana: Volatile Crypto Market Sees Big Gains

• Shiba Inu (SHIB) has seen a 3% increase in the last 24 hours, but it is still behind Solana in terms of market cap.
• Solana (SOL) has observed a 32% increase in the first five days of the year, despite the recent downtrend.
• Both Shiba Inu and Solana had an abysmal performance in 2022, with both cryptos seeing drawdowns of more than 70%.

Cryptocurrency is a volatile asset class and investors must be prepared for drastic changes in a coin’s value over a short period of time. This has certainly been the case for Shiba Inu (SHIB) and Solana (SOL) in the past 24 hours and in the first five days of the new year.

Shiba Inu has seen a spike in its price over the last 24 hours, going up by 3%. Despite this, the meme coin is still behind Solana in terms of market cap. The value of the coin has spiked in the last day or so, and it is currently trading around $$0.000008519. Although SHIB has seen a 6% increase in its price over the last five days, it is still 9% in the red over the last 30 days.

On the other hand, Solana has seen an amazing performance in the first five days of the year, with returns of around 32%. Despite the recent downtrend, the crypto has still far outdone Shiba Inu in terms of market cap. The value of the coin has observed a large surge in recent days, and is currently trading around $$41.91.

Unfortunately, both Shiba Inu and Solana had an abysmal performance in 2022, with both cryptos seeing drawdowns of more than 70%. This was a difficult year for both coins, but with their recent uptrends, investors are hopeful that 2023 will be kinder to them.

It remains to be seen if Shiba Inu and Solana will continue their uptrends, or if their values will crash, as is often the case in the volatile cryptocurrency market. Whatever the future holds for these coins, investors must remain vigilant and prepared for drastic changes in value over a short period of time.