SHIB Slips Further in Crypto Top 100

Things are getting interesting in the crypto top 20’s lower ranks today! The popular meme coin Shiba Inu is back in the headlines, but perhaps not for reasons SHIB fans will cheer about.
Just when you thought things had settled, another twist! Hedera (HBAR) has once again overtaken Shiba Inu (SHIB) in market capitalization after a brief exchange we saw just yesterday. HBAR is back in its higher spot, pushing SHIB down another step to 17th place, according to CoinMarketCap.
While these price changes are relatively small percentage-wise, ranking in the crypto top list is a big deal. Currently, HBAR’s market cap is sitting at $7.42 billion, just a hair ahead of SHIB at $7.39 billion and TON at $7.36 billion. Interestingly, this is the second time HBAR has jumped ahead of both in a single day. SHIB did manage a 3.71% increase, reaching $0.00001257, but unfortunately, it wasn’t enough to outpace HBAR’s stronger 5.11% climb to $0.1758.
This section of the rankings, roughly between 14th and 18th place, has been quite volatile lately. Even slight percentage changes can cause shifts in positions. It’s not about massive amounts of money flooding in or out, but rather that the market caps are so close in this range that a decent day of gains can easily push a project up or down the ladder.
Now, for Shiba Inu, this isn’t necessarily cause for alarm, but it’s definitely worth noting that they’ve been overtaken twice by HBAR in just 24 hours. It certainly shines a light on the current, perhaps wavering, momentum of SHIB’s price in the short term.