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However, SHIB has recently witnessed profit-taking, dropping out of the top 10 cryptocurrencies by market capitalization. SHIB is currently ranked 11th in the cryptocurrency rankings, with a market capitalization of over $19.08 billion. Avalanche jumped to 10th place in market capitalization after a spectacular 15% increase, bringing its market capitalization to $20.3 billion.While SHIB may have temporarily lost its place among the top 10 cryptocurrencies, all hope is not lost for the project. At the time of writing, SHIB was up 0.15% in the last 24 hours to $0.
Furthermore, planned updates and the integration of Shibarium into several platforms are positive for Shiba Inu. That said, SHIB might return to the top 10, riding the waves of market dynamics, but the potential remains to be fulfilled.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.