- SHIB has recently increased its prices to take a shot at ADA.
- At the time of press, ADA was on a downward trend while SHIB was still in a bullish uptrend.
Currently, Cardano [ADA] The 10th-largest market capitalization.
However, the surge of recent meme coins threatens ADA’s standing. Shiba Inu [SHIB] Gaining rapid ground, and possibly challenging Cardano s ranking.
Shiba Inu moves closer to Cardano in market cap
The data collected from CoinMarketCapThere have been changes recently in the ranking of the market capitalization. Further shifts could be coming.
The market capitalization is a key indicator of the value of Shiba Inu Recent figures have surpassed $15 billion. This is a notable increase when compared to market capitalization. CardanoA coin that is currently higher in the ranking.
SHIB was valued at around $14 billion until May 27. Comparatively, the market cap of SHIB was around $14 billion.Cardano is currently valued at 16.5 billion dollars.. One could say that the clock for ADA is ticking.
What would help Shiba inu to surpass Cardano and what could it be?
AMBCrypto compares the trading volume for Shiba Inu You can also find out more about the following: Cardano At the time of publication, SHIB had significantly higher activity levels than ADA.
SHIB has surpassed $2.4 billion in volume over the past 24 hour, while ADA is at around $354 million.
The volume trends of SHIB are dominated by the buyers as shown in their price analysis. ADA has fluctuated in price between loss and profit.
The disparity between the trading volume and purchasing activity of SHIB and ADA highlights SHIB’s growing popularity and momentum.
SHIB & ADA Display Contrasting Price Trends
AMBCrypto’s Analysis of Shiba Inu A daily timeframe revealed that the trend was upward.
Shiba Inu had a trading gain of more than 2% at the time of writing this article, and was currently valued at $0.000027. It will be three days in a row of gains if it ends the trading session on a positive note.
The Relative Strength Index indicated that Shiba inu were also on a bullish trend.
In contrast, Cardano’s The price was in a downward trend. Around $0.46 was being traded, which is a small increase of 1%.
Click Here to Read Cardano’s [ADA] Price Prediction 2024-25
Cardano was still below the short moving average (yellow) which was acting like resistance. ADA’s RSI indicated that it traded below neutral, indicating a downward trend.
Shiba Inu could overtake ADA in the market capitalization rankings if it continues to grow.
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Source: ambcrypto.com