Shiba Inu (SHIB) Faces Stiff Competition from TON and XRP

Shiba Inu (SHIB), once a prominent meme cryptocurrency, is currently grappling with competition from two established players: Toncoin (TON) and Hedera (HBAR). The coin sits in 19th place on CoinMarketCap, holding a market cap of $7.39 billion, right between TON’s $7.80 billion and HBAR’s $7.19 billion. This competition is not just about numbers; recent price action has shown distinct shifts in the market. SHIB dipped 2.14% over the past 24 hours, while TON slipped a minor 0.78%, and HBAR managed to gain slightly at +0.50%. This may signal further substantial changes are on the horizon as traders and investors reassess their risk levels.