Shiba Inu (SHIB) Drops Another Spot in Crypto Top 100

There has been a big shift in the lower half of the crypto top 20 today, and popular meme coin Shiba Inu is once again in the spotlight — but not in the direction $SHIB holders might prefer.

After a brief shuffle that already happened once in the last 24 hours, Hedera ($HBAR) has again edged past $SHIB in market cap, reclaiming its spot and leaving $SHIB to slip down one more rung to the 17th position, according to CoinMarketCap.

These shifts aren't huge in percentage terms, but the order matters. $HBAR has a market cap of $7.42 billion, just enough to get ahead of $SHIB at $7.39 billion and TON at $7.36 billion. This is the second time in a day that $HBAR has overtaken both. $SHIB did see a rise of 3.71% to $0.00001257, but it wasn't enough to keep up with $HBAR's more significant growth, which went up 5.11% to $0.1758.

This part of the list — from around rank 14 to 18 — has been changing a lot over the last several weeks, with small percentage movements regularly changing the rankings. It's not like there is a ton of money moving in or out, but the margins are thin enough that one solid green day can be enough to bump a project up or down.

For Shiba Inu, this isn't a huge concern, but it is notable that it has now been passed twice in the same 24-hour period by the same competitor. This does highlight the current momentum, or lack thereof, in its price action in the short term.