🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Solana and Shiba Inu: The race to double the value – Who will cross the finish line first?
In the world of cryptocurrency, capital tends to flow towards the assets with the most solid "moats" and the new, promising growth stories about future value. Therefore, some coins may experience strong breakthroughs, while others may just stagnate. Currently, two completely different coins – Solana and Shiba Inu: are preparing to enter the next growth phase of the market. On one side is a high-performance blockchain with a smart contract ecosystem that is increasingly being applied in practice. On the other side is the meme coin symbolized by a cute dog, with its own blockchain that seems redundant. The question is: Which coin will double faster, and more importantly, which one has the ability to maintain its value after that price increase? Solana: The Growth Engine is Accelerating At a price of about 177 USD, the market capitalization of Solana is currently around 95 billion USD. To double the price, an additional 95 billion USD needs to be injected – not an easy task, but certainly not impossible, especially if current trends continue. One of the biggest driving forces of Solana right now is the tokenization of real-world assets (Real-World Assets - RWA), especially stocks. In less than a month, the value of tokenized stocks on Solana has increased from 15 million USD (on 20/6) to 48 million USD (on 4/7), then continued to soar to 103 million USD (on 17/7). This pace far outstrips other blockchains in the same period. Tokenizing stocks – especially popular stock codes – creates a demand for SOL because each transaction, transfer, or payment consumes a certain amount of SOL tokens. Additionally, institutional investors are gradually becoming interested in asset tokenization for more effective management, opening up the potential for sustainable growth. In addition, the developer ecosystem on Solana is growing stronger with over 3,700 developers active monthly – one of the largest communities in the industry. This development helps build more applications, attract new users, generate transaction fees, and ultimately provide profits for SOL holders through the staking mechanism. Considering all the above factors, it can be seen that: Solana doesn't need a miracle to double – it just needs to continue its current momentum, which is entirely feasible when looking at what is happening. Shiba Inu: The Expectation Engine is Losing Steam Compared to Solana, the market capitalization of Shiba Inu is currently only about 8.5 billion USD. To double it, just an additional 8.5 billion USD is needed – much easier mathematically. However, the big question is: will this upward momentum be sustainable or will it collapse again soon? One of the community's great hopes for SHIB is Shibarium – a Layer-2 chain launched in 2023 with the goal of creating real use value. However, to date, Shibarium has shown many signs of losing momentum. The number of new accounts created on Shibarium peaked on May 6 with 5,111 accounts, but has decreased by more than 99%, now totaling less than 100 per day. The amount of tokens burned – once considered an important supply reduction mechanism – has also dropped by 95% in just one week. The daily transaction volume has also significantly decreased, now falling below 4 million transactions per day, compared to over 40 million during the initial launch phase. In theory, a sudden meme wave could still help SHIB explode back. Speculative sentiment could abruptly lead to an influx of capital. But as history has shown: meme-driven price surges are usually only short-term, coming quickly and leaving just as fast. Lacking real-world application and creativity from the development community, SHIB struggles to maintain its value after "Pump" events. Conclusion: Solana Clearly Dominates Overall, Solana has a higher potential to double in the near future and maintain its value thereafter. This chain processes real transaction volumes, collects transaction fees, has an expanding ecosystem, and a clear growth roadmap with many practical use cases. Shiba Inu, on the other hand, still relies on expectations and crowd psychology – factors that are highly volatile and lack long-term stability. Reality may help Solana sustain itself, while hope can help Shiba Inu accelerate – but in the long race, real value remains the deciding factor for victory.