Capital often gravitates towards investments offering the greatest durability (deepest moats) and promising the most innovative developments (freshest growth stories), particularly those with captivating visions for delivering value in the future. Consequently, certain cryptocurrencies experience rapid advancement while others remain relatively stationary.
Currently, two distinct entities, Solana (SOL) and Shiba Inu (SHIB), are preparing for their next phase in the market. The former is a versatile smart contract platform boasting an increasing number of practical applications in the real world, while the latter is a digital currency associated with an adorable dog logo and a blockchain that seems more decorative than essential.
Which coin is likely to double more quickly and maintain a larger portion of its worth over time?
Solana’s growth flywheel is accelerating
For a coin to eventually double, it typically requires some form of stimulus or driver. Solana boasts multiple such factors, all working together to foster and sustain one another’s success.
In approximately $177 per coin, Solana’s total market value stands at around $95 billion today. To double this amount, it needs to create an additional $95 billion in value, which is certainly not a trivial task, yet not entirely unheard of either. It’s feasible that Solana could double its value over the short term, and over the long term, such growth seems almost inevitable.
Real-world assets (RWAs), particularly stocks, are landing on the chain at a blistering pace.
In just over three weeks, from June 20 to July 17, the market value of tokens representing stocks issued on Solana skyrocketed from $15 million to over $103 million, surpassing the growth rate of any other blockchain in this brief timeframe. The tokenization of large, well-known stocks is fueling demand for the coin because each transfer, trade, and settlement consumes a small amount of the chain’s native token. Additionally, institutional investors may find value in tokenizing their assets to streamline management, potentially contributing to further growth.
As the developer community of this chain continues to grow, it suggests a larger ecosystem ahead. Currently, over 3,700 developers are actively working on this chain each month, making it one of the most significant crypto talent reserves. With an increase in builders comes a rise in the number of applications, users, and fees that ultimately benefit holders through staking rewards. This creates more investment opportunities with attractive returns, thereby completing a positive cycle by drawing even more developers to the platform.
Combine these threads, and the implication becomes clear: Solana won’t require a miracle to double its value; rather, all it requires is for the ongoing trends to continue progressing, and based on current signs, this seems likely to happen.
Shiba Inu’s hype engine is (still) sputtering
Compared to Solana, increasing Shiba Inu’s price by double would result in an additional $8.5 billion, which is relatively easier to achieve mathematically. However, the challenge lies in discovering sustainable factors that can maintain the gains from any upward trend, as opposed to the price plummeting right after a sudden surge.
Supporters of this digital currency often highlight Shibarium, a Layer-2 chain that debuted in 2023 with the purpose of providing it with practical applications, as a significant foundation for its potential significance and prosperity in the future.
However, that point didn’t seem persuasive then, and it appears to be losing its effectiveness now. The number of new accounts created peaked at 5,111 on May 6, but has plummeted by more than 99%, dropping below the 100 mark daily. The frequent token burns, initially presented as a mechanism to control supply, have decreased by 95% compared to the previous week.
It appears that user engagement has been decreasing noticeably. In late June and early July, Shibarium handled less than 4 million transactions on several occasions, which is significantly lower compared to the over 40 million transactions recorded following its launch.
It’s quite possible that a trending internet meme could boost the price of Shiba Inu. The rapid movement of sentiment is common in markets with high liquidity, and investor interest may surge as speculation increases, potentially leading to an influx of investments into the cryptocurrency.
However, history demonstrates that meme-based movements can lose momentum almost as swiftly as they gain it. If Shiba Inu lacks a practical purpose or sustained developer interest, its potential for doubling appears to be heavily influenced by broader market conditions and the volatile mood of investors.
When considering both networks, it’s evident that Solana is more likely to experience a doubling of its value first, and it’s expected to maintain these increases in the long run.
Solana is capable of managing high-volume transactions, generates genuine fee income, and provides a comprehensive roadmap outlining practical applications. This combination fosters an authentic, continuous demand for Solana that can trigger price growth and sustain it even as initial enthusiasm subsides.
Instead of relying on sustained excitement, Shiba Inu seems to thrive on brief periods of hype that historical trends indicate might decline soon.
Hope can win the short sprint now and then, but fundamentals usually take the marathon.
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2025-07-21 12:45