{"id":512209,"date":"2022-12-13T09:30:13","date_gmt":"2022-12-13T14:30:13","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=512209"},"modified":"2024-06-11T07:48:35","modified_gmt":"2024-06-11T07:48:35","slug":"shiba-inu-decline-sinks-15th-market-cap-list","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/shiba-inu-coin\/shiba-inu-decline-sinks-15th-market-cap-list\/","title":{"rendered":"Shiba Inu Continues Decline, Sinks To 15th In Market Cap List"},"content":{"rendered":"

Shiba Inu has declined by more than 6% in the last week, and as a result, has lost its place in the market as the 14th largest coin to Tron (TRX).<\/p>\n

Meme Coin Shiba Inu Has Continued To Struggle In Recent Days<\/h2>\n

More than one month following the FTX collapse<\/a>, SHIB has continued its struggle as the meme coin has been unable to put together any bullish momentum. While the rest of the market was also hit hard by the crash, other top coins have been nonetheless able to show at least a little recovery. Shiba Inu<\/a>, on the other hand, has moved virtually sideways since then, and thus still finds itself down almost 30% in the period.<\/p>\n

Related Reading: Peter Schiff And Jim Cramer Present Their Doom Scenarios For Bitcoin, Cardano, XRP, Dogecoin<\/a><\/p>\n

At the time of writing, SHIB is trading around $0.00000887, down 0.5% in the last 24 hours. Here is a chart that shows the trend in the meme coin’s value during the past month:<\/p>\n

\"Shiba<\/p>\n

The value of the crypto seems to have mostly consolidated during this period | Source: SHIBUSD on TradingView<\/a><\/pre>\n
As you can see in the above graph, Shiba Inu has taken a hit during the last few days, breaking the monotonous sideways trend a bit. After this decline, the meme coin’s monthly returns now stand at around -8%. For comparison, rival Dogecoin<\/a> is up almost 1% in the same period, while Bitcoin has seen profits amounting to 4%.<\/p>\n
SHIB Slips Further Down The Market Cap List<\/h2>\n
A consequence of SHIB’s recent poor performance has been a change in its standing among the wider cryptocurrency sector. Just last month, Shiba Inu was the 13th largest coin based on the market cap, but the meme coin declining while its competitors have shown better strength has led to it first losing its spot to Litecoin (LTC), and now being overtaken by Tron (TRX).<\/p>\n
Related Reading:  Bitcoin NVT Golden Cross Still In \u201cOverbought\u201d Region, Volatility To Follow?<\/a><\/div>\n
The below table shows how the 12th to 17th-placed cryptos have performed recently.<\/p>\n
\"Shiba<\/p>\n
SHIB has now fallen down to the 15th rank on the top crypto list | Source: CoinMarketCap<\/a><\/pre>\n
The current market cap of Shiba Inu is around $4.8 billion, which is actually only slightly lower than Tron’s almost $4.9 billion cap. This means that with only a little uptick in price, the crypto can possibly retake the 14th spot on the list.<\/p>\n
However, it’s also true that the next-placed asset, Solana, is only minimally behind SHIB now, suggesting that if the meme coin continues to do poorly, it will easily tumble further down the list.<\/p>\n
Dogecoin has also been struggling recently, but despite its 10% decline in the past week, the coin is still comfortably sitting at the 8th position in the list, with more than double the market cap of SHIB.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu has declined by more than 6% in the last week, and as a result, has lost its place in the market as the 14th largest coin to Tron (TRX). Meme Coin Shiba Inu Has Continued To Struggle In Recent Days More than one month following the FTX collapse, SHIB has continued its struggle as the meme coin has been unable to put together any bullish momentum. While the rest of the market was also hit hard by the crash, other top coins have been nonetheless able to show at least a little recovery. Shiba Inu, on the other hand, has moved virtually sideways since then, and thus still finds itself down almost 30% in the period. Related Reading: Peter Schiff And Jim Cramer Present Their Doom Scenarios For Bitcoin, Cardano, XRP, Dogecoin At the time of writing, SHIB is trading around $0.00000887, down 0.5% in the last 24 hours. Here is a chart that shows the trend in the meme coin’s value during the past month: The value of the crypto seems to have mostly consolidated during this period | Source: SHIBUSD on TradingView As you can see in the above graph, Shiba Inu has taken a hit during the last few days, breaking the monotonous sideways trend a bit. After this decline, the meme coin’s monthly returns now stand at around -8%. For comparison, rival Dogecoin is up almost 1% in the same period, while Bitcoin has seen profits amounting to 4%. SHIB Slips Further Down The Market Cap List A consequence of SHIB’s recent poor performance has been a change in its standing among the wider cryptocurrency sector. Just last month, Shiba Inu was the 13th largest coin based on the market cap, but the meme coin declining while its competitors have shown better strength has led to it first losing its spot to Litecoin (LTC), and now being overtaken by Tron (TRX). Related Reading: Bitcoin NVT Golden Cross Still In \u201cOverbought\u201d Region, Volatility To Follow? The below table shows how the 12th to 17th-placed cryptos have performed recently. SHIB has now fallen down to the 15th rank on the top crypto list | Source: CoinMarketCap The current market cap of Shiba Inu is around $4.8 billion, which is actually only slightly lower than Tron’s almost $4.9 billion cap. This means that with only a little uptick in price, the crypto can possibly retake the 14th spot on the list. However, it’s also true that the next-placed asset, Solana, is only minimally behind SHIB now, suggesting that if the meme coin continues to do poorly, it will easily tumble further down the list. Dogecoin has also been struggling recently, but despite its 10% decline in the past week, the coin is still comfortably sitting at the 8th position in the list, with more than double the market cap of SHIB.<\/p>\n","protected":false},"author":542,"featured_media":512225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,83667,87677,87679,84562,11808,11993],"class_list":["post-512209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shiba-inu","tag-shiba-inu-bearish","tag-shiba-inu-market-cap","tag-shibusd","tag-tron","tag-trx"],"acf":[],"yoast_head":"\nShiba Inu Continues Decline, Sinks To 15th In Market Cap List<\/title>\n<meta name=\"description\" content=\"Shiba Inu has declined by more than 6% in the last week, and as a result, has lost its place in the market as the 14th largest coin to Tron (TRX). 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. 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