Solana, Shiba Inu Market Cap Shrinks Below This Dogecoin 'Relative' Amid Chaotic Market Conditions

The market cap of popular cryptocurrency Solana (CRYPTO: SOL) and meme coin Shiba Inu (CRYPTO: SHIB) has slipped below that of Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC). What Happened: At the time of writing, LTC was at 13 in terms of market capitalization, while SHIB ranked 14th in the list and SOL was at 16, according to CoinMarketCap's top 100 list of cryptocurrencies.

Timeline of Dogecoin, Shiba-inu, Solana

Live Updates and News on Shiba Inu: In the last 18 months, it is the first time that the least number of SHIBs is burnt. The Shiba Inu fans destroyed only 368 million SHIB which is worth only $3,200.

On Tuesday (22 November 2022), Synapse COO Max Bronstein explained why be believes that this might be a great time to invest in $SOL, the native token of the Solana blockchain. Here is how Coinbase described Solana in a blog post published on 29 June 2022: “Solana is a decentralized computing platform that uses SOL to pay for transactions.

The most recent Dogecoin price analysis predicts a bullish trend for the cryptocurrency as a considerable rise in coin value was detected throughout the day. The price has leveled up to $0.081 due to the recent bullish drift.

Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC) gained 23.80% in the last 24-hours amid FTX (CRYPTO: FTT) fallout. What Happened: At the time of writing, LTC was trading at $76.97, up 29.73% in the last seven days.

Ethereum whales sold off a good number of SHIB tokens amid abysmal performance The long-term sentiment of SHIB could be positive as investors remained hopeful about their actions Shiba Inu's [SHIB] stay at the top of the holdings by Ethereum [ETH] whales could be threatened due to a notable reduction in holdings.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) has added over 50,000 new holders on the blockchain even amid a cryptocurrency market rout triggered by the collapse of the popular cryptocurrency trading platform FTX. According to data from CoinMarketCap and Etherscan, the number of unique addresses holding Shiba Inu on the blockchain has grown from around 1.

Shiba Inu (SHIB) capitalized heavily on the meme coin hype but failed to find its footing as the project lacked utility. Orbeon Protocol (ORBN) is the definition of utility. Both its token and platform will provide many features and benefits and solve problems for its users.

Dogecoin price analysis is going through a loss as the price underwent a decline up to $0.07367 today. The downtrend has been quite constant since the start of the week, and even today the price has followed a downward movement.

Dogecoin (CRYPTO: DOGE) was sliding over 5% lower during Monday's 24-hour trading session, desperately trying to hold above the 200-day simple moving average (SMA) on the daily chart, which the crypto regained following news that Elon Musk's Twitter acquisition would close. The bears briefly dropped the crypto under the important level on Monday afternoon, but bulls came in and bought the dip.

Top whales continue to increase their holdings with their favorite crypto tokens as the crypto prices fall lower following the collapse of FTX. The fourth largest BNB whale “Sabo” has just bought 53,501,879 Dogecoin (DOGE) as the price reaches near the bottom.