Solana Flips Cardano While Dogecoin Temporarily Regains Dog Coin King Title

solana flips cardano
  • Solana is now the fifth highest cryptocurrency in terms of market capitalization.
  • Dogecoin retook its position as the highest meme coin.
  • Meanwhile, Shiba Inu is undergoing a price correction.

The current crypto market is keeping everyone at the edge of their seats, as so many unexpected events are taking place. For example, Solana has overthrown Cardano to become the fifth highest cryptocurrency in terms of market capitalization, according to CoinGecko.

At the time of writing, Solana market capitalization is at $68 billion, while Cardano’s is at $66.5 billion. 

Conversely, CoinMarketCap reports otherwise. According to the site, Cardano is back to fifth place at $68 billion, while Solana is at sixth with $67 billion.

Meanwhile, the battle for dog coin dominance continues and has actually taken a turn. Earlier in the day, Dogecoin retook the ninth spot from Shiba Inu after a strong price correction. However, Shiba Inu has recovered and exceeded Dogecoin once more, as per CoinGecko. 

Meanwhile, CoinMarketCap has placed Dogecoin at the ninth spot despite Shiba Inu’s excess market cap of almost $200 million, at the time of writing.

In another news, the Commonwealth Bank of Australia announced that it will be launching its cryptocurrency service on its mobile application.

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