Price analysis of Polygon (POL), Solana (SOL), and Shiba Inu (SHIB)

At present, we analyze the value developments of Polygon (POL), Solana (SOL), and Shiba Inu (SHIB), three cryptocurrencies with utterly totally different performances.

Price Analysis of Solana (SOL), Polygon (POL), and Shiba Inu (SHIB)

Solana is one of these cryptos that’s doing nicely for the time being, however much less so in comparison with Bitcoin and Ethereum.

Specifically, if Bitcoin has marked new all-time highs right this moment, and Ethereum at this second is barely at -4% from the 2021 highs, Solana as an alternative is at -31% from the all-time highs recorded originally of the 12 months. 

Within the final thirty days, the worth of SOL has risen by 26%, whereas that of ETH by 58%. Bitcoin, however, stops at +3.5%, however it’s at historic highs.

For the reason that starting of the 12 months, Solana is at +7%, whereas Bitcoin is at +29% and Ethereum at +44%.

The opposite two high 5 cryptos, XRP and BNB, are respectively at -16% and -1% from their all-time highs, with XRP exhibiting a +10% in current days, however a +54% for the reason that starting of the 12 months, and BNB having gained 27% within the final thirty days, and 27% for the reason that starting of the 12 months.

So, it can’t be mentioned that Solana is doing poorly, however there are actually those that are doing higher. 

Specifically, nevertheless, with Solana, a unique dialogue must be made. 

It will be advisable to take as a reference not the utmost peak recorded after the Trump-trade, however the worth of SOL simply earlier than Trump’s electoral victory. 

In October of final 12 months, it was hovering round $150, whereas now it’s hovering round $200, after the rise in the previous couple of weeks. 

Though it’s nonetheless a considerable +30%, it isn’t a very sensational end result. For instance, in the identical interval Bitcoin is at +75%, and Ethereum at +74%.

The issue for Solana was the burst of the mini-bubble in 2025. If in January it had nearly doubled its worth in simply over two months, the burst of that important mini-bubble then introduced it again in April to simply over $100, nicely under the $150 from which it began. 

It’s attainable, nevertheless, that ultimately SOL may even get well in a giant manner, particularly if in some unspecified time in the future the memecoin market ought to take off once more. 

The development of the value of Polygon (POL)

A totally totally different dialogue issues the development of the worth of POL, the token of Polygon.

POL exists on the crypto markets solely since October 2023, as a result of it changed the earlier Polygon token referred to as MATIC. 

The issue is that because it modified its title, it has entered a descending worth section that even appears to be nonetheless ongoing. 

In October two years in the past, its worth was about $0.6, whereas now it’s simply above $0.2.

To inform the reality, within the first months of its on-line presence, its worth had doubled as a result of by March 2024 it had risen above $1.2. 

Since then, nevertheless, it has executed nearly nothing however go down. 

Already the next month it had returned under $0.7, and ranging from June it started a decline that ended solely in October round $0.3. 

Because of the Trump-trade, it managed to return solely to the 0.7$ mark, however with the burst of the mini-bubble within the early months of this 12 months, it even plummeted under 0.2$, marking new all-time lows because it has been referred to as POL. 

Subsequently, it returned above $0.2, however it can’t even be referred to as a rebound. In reality, since Might, it has been doing nothing however transferring sideways between $0.2 and $0.3, with a minimum of a transparent breach downwards of this channel, and no strategy to the higher degree. 

The state of affairs appears to be one of important misery. 

The efficiency of the memecoin Shiba Inu (SHIB)

SHIB is the token of the memecoin Shiba Inu.

In 2021, it was the memecoin that recorded probably the most spectacular issues within the crypto markets, even higher than Dogecoin. 

However then, as soon as the nice speculative bubble burst, it has by no means recovered. 

At this second its worth continues to be even at -84% from the historic highs, with a meager +5% within the final thirty days, and even a -2% within the final twelve months. 

To inform the reality, with the Trump-trade on the finish of 2024, it had timidly tried to get well, however with out even remotely approaching the earlier highs. 

It is sufficient to say that the excessive of November 2024 was decrease than that of March 2024. 

The present worth is according to that of September 2022, earlier than the collapse of the crypto markets brought on by the closure of FTX.

At this second, it appears that evidently a miracle can be wanted to carry the value of Shiba Inu again to the highs of 2021, particularly as a result of within the meantime so many memecoins have emerged that the position of Shiba Inu has turn into completely secondary, if not even one thing much less.