HBAR Overtakes Shiba Inu as Meme Coin Slips in Crypto Rankings

Shiba Inu (SHIB) is once again under pressure as rival Hedera (HBAR) overtakes it in the crypto market cap rankings, pushing the popular meme coin down to the 17th spot. According to CoinMarketCap, HBAR's market cap surged to $7.42 billion, narrowly surpassing SHIB’s $7.39 billion and The Open Network (TON) at $7.36 billion. This marks the second time within 24 hours that HBAR has reclaimed its position above SHIB, highlighting the thin margins that dominate this tier of the crypto market.

SHIB did post a modest 3.71% gain, rising to $0.00001257, but it wasn't enough to counter HBAR’s 5.11% surge to $0.1758. The shift underscores the current volatility among cryptocurrencies ranked between 14th and 18th, where minor price fluctuations frequently cause shuffles in position.

Despite a recent spike in SHIB burn activity — jumping 984% in a single day — momentum appears to be lacking. These rapid changes may not reflect large capital movements, but in a tight market, even a slight edge can significantly impact rankings.

For Shiba Inu holders, the short-term performance is concerning as HBAR builds stronger traction. Though meme coins like SHIB and DOGE remain fan favorites, investor sentiment is increasingly swayed by real-world utility and network growth, areas where HBAR has seen notable developments. As the crypto market evolves, SHIB's ability to maintain relevance amid rising competition will be critical to its future performance.

Crypto investors will be watching closely to see if SHIB can regain its footing or if HBAR’s momentum will solidify its lead in the top 20.