In a surprising turn of events, Shiba Inu (SHIB) has surpassed Avalanche (AVAX) in market capitalization, claiming the 12th spot among the largest cryptocurrencies. SHIB’s market cap now stands at an impressive $11.42 billion, while AVAX follows closely behind at $11.36 billion.
This flip signifies a growing trend of meme coins like SHIB gaining substantial ground in the crypto market. Shiba Inu continues to solidify its position as one of the most valuable meme coins, with strong community support and increasing market activity. Meanwhile, Avalanche remains a major player in the blockchain ecosystem but is currently trailing SHIB in market value.
