In the midst of a latest podcast arrange by Bankless, Ethereum Basis researcher Justin Drake shocked the cryptocurrency group by saying that he believes SHIB to be outshining all different meme cash on the crypto market, besides Dogecoin.
SHIB surpasses all Solana meme cash
On the podcast, Drake debated Solana cofounder Anatoly Yakovenko, with Ryan Sean Adams and David Hoffman from Bankless additionally current and moderating the Ethereum-Solana debate.
Through the debate, Drake identified that SHIB working on Ethereum surpasses all of the manifold meme cryptocurrencies that had been constructed and run on the Solana blockchain.
The facility of the #SHIBARMY shines by means of! 🌟
In a world stuffed with memecoins, $SHIB rises above as a beacon of high quality and unity.
We’re right here to assist all memecoin lovers and have fun the variety of our ecosystems.
Collectively, we construct a way forward for innovation and prosperity.… pic.twitter.com/AEtIrcJOCW
— Shib (@Shibtoken) June 6, 2024
In the midst of the dialogue, Drake acknowledged that whereas there are tens of hundreds (and even a whole bunch of hundreds) of meme cash constructed on Solana, their cumulative market capitalization worth doesn’t exceed $10 billion. Within the meantime, Drake mentioned, there is only one meme cryptocurrency on Ethereum, referred to as Shiba Inu, with a market capitalization of $15 billion.
Apparently, he believes that SHIB surpasses all of them when it comes to high quality. A few of the hottest meme cryptocurrencies on Solana embody Bonk (BONK) and dogwifhat (WIF). Their market caps are $2,103,567,889 and $3,233,889,469, in line with CoinGecko.
“And that is the place we see the excellence between high quality and amount,” Drake victoriously informed Yakovenko. Dogecoin stays the one meme cryptocurrency forward of Shiba Inu, with a market capitalization to the tune of $23,130,494,872 and sitting in eighth place on the CoinMarketCap scale, whereas SHIB occupies eleventh place.
