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SHIB Flips SOL by Market Cap, Solana Projects Likely to Move to Ethereum: Crypto Expert

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$SHIB surpasses $SOL by market cap as things keep getting worse for Solana. IvanOnTech Bitboy_Crypto

has sunk below Tron and Shiba Inu meme coin in terms of market capitalization. He likened Solana, which has been in trouble recently, to EOS 2.0.According to popular crypto reference platform CoinMarketCap which belongs to Binance, Solana is now holding 16th position on the top 20 list of cryptos. Shiba Inu is one spot higher, holding 15th place, and Tron's TRX sits in 14th place.

The market caps of SHIB and SOL are equal to $4,555,045,988 and $4,094,003,759, respectively. There is a big difference between their trading volumes as well, though here SOL remains ahead of the second largest meme coin — $136,686,958 for SOL versus $56,214,086 for SHIB.Ivan believes that projects that are building on Solana are now going to leave it for EVM L2s, comparing SOL to EOS 2.0.

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