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Shiba Inu price has once again shown resilience and strength. This time, by toppling Bitcoin Cash (BCH) from its long-held position.
With a market capitalization of $8.45 billion, Shiba Inu (SHIB) now ranks 16th among the largest cryptocurrencies on CoinMarketCap, leaving Bitcoin Cash just behind with $8.24 billion.
The Shiba Inu price may still hover slightly above $0.000014, but the meme coin’s community-driven strength and digital momentum continue to make it impossible to ignore.
In a market where utility and age are often equated with value, the Shiba Inu price story challenges the norm. Despite its micro valuation per token, the total circulating supply of SHIB is massive—approaching 589 trillion tokens.
More impressively, its holder base has swelled to over 1.5 million, reflecting unmatched grassroots support. Crypto analyst Michaël van de Poppe weighed in on the development, tweeting:
“You can’t overlook SHIB anymore. It’s part of the new market structure—community assets are redefining relevance.”
While Bitcoin Cash trades at over $415 per token, its daily volume recently sat around $243 million. In contrast, SHIB’s daily trading volume of $178 million at a much lower price reveals its liquidity and retail interest remain strong.
The rise of the Shiba Inu price shows a broader market trend: meme coins are once again outperforming legacy assets. This is not just about hype; it’s about attention and reaction. In a market dominated by headlines and social virality, meme tokens often grab more market share than expected.
“Meme coins are no longer jokes—they’re cultural assets,” said Rachel Lin, CEO of SynFutures. “They reflect the sentiment of retail traders, which is increasingly powerful.”
Once positioned as the original Bitcoin spinoff aiming to revolutionize peer-to-peer payments, Bitcoin Cash has lost steam in recent years. Though still a technical achievement, its pace hasn’t matched the high-speed engagement and viral magnetism of tokens like SHIB.
Social platforms continue to amplify the Shiba Inu price movement. According to LunarCrush, SHIB ranked among the top 5 most mentioned tokens across social media over the past week. This social dominance often translates to market movement, as community-led tokens thrive on sentiment.
The accessibility of Shiba Inu is key. Investors with as little as $10 can get millions of SHIB tokens, creating a strong psychological appeal. As larger assets like Ethereum and Bitcoin become less approachable for new investors, SHIB presents a “low-barrier entry” alternative.
The recent buzz around Shibarium, SHIB’s Layer-2 blockchain, and aggressive token burn campaigns continues to drive speculative interest. These long-term developments could impact Shiba Inu price positively, especially if they lead to decreased supply and increased utility.
While SHIB’s position above Bitcoin Cash may be temporary, it is a key moment. As the crypto market matures, traditional valuation models are being challenged by new-age tokens driven by community, culture, and accessibility.
The Shiba Inu price push comes amid a broader market sentiment shift favoring viral tokens with high community engagement. Despite BCH trading at over $415 per token and enjoying higher daily trading volume ($243 million vs SHIB’s $178 million).
According to CoinMarketCap, sheer scale of SHIB’s holder base—over 1.5 million strong—has been instrumental in this power shift. According to blockchain analyst Thomas Carter of Delphi Digital:
“What Shiba Inu lacks in price per coin, it makes up for in community force. The retail-driven momentum behind SHIB is unlike anything we’ve seen in traditional tokens like Bitcoin Cash.
The Shiba Inu price flipping Bitcoin Cash is a reminder that crypto remains a market of narratives—and SHIB, it seems, still has a compelling one to tell. The Bit Gazette will continue to observe the market and report as events unfold.
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