Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Market Overview
CoinMarketCap 100 Index
Fear and Greed Index
Altcoin Season Index
Bitcoin Dominance
Crypto ETFs
Overall NFT Stats
Upcoming Sales
New Pairs
Trending Pairs
Meme Explorer
Gainers & Losers
Community Votes
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
Academy
Research
Videos
Glossary
- TON has a market cap of $13.55 billion while SHIB has a market cap of $13.97 billion.
- A drop below $5 will invalidate TON’s bullish pennant pattern.
- TON has a long term target of $10 and a short term target of $6.10.
Toncoin (TON), the rising layer-1 blockchain project, is closing in on Shiba Inu (SHIB), the second-largest meme coin in the crypto market. While TON currently ranks 12th among all digital assets, its recent performance suggests it could break into the top 10. This surge comes amidst a broader rally in meme coins, with SHIB leading the charge.
Data from CoinMarketCap reveals that SHIB has outperformed TON since November 2023, boasting a 181.65% rise compared to TON’s 128.43%. Toncoin’s market cap stands at a substantial $13.55 billion, while Shiba Inu’s is slightly higher at $13.97 billion. Currently, SHIB maintains a slight edge over TON.
Read also: Shiba Inu: Imminent Breakout to 50% Surge on 6200% Burn Rate?
At the time of publication, TON is trading at $5.32, down 35.63% from its all-time high of $8.24 witnessed five months ago. On the other hand, SHIB is trading at $0.00002371, down 73.43% from its all-time high of $0.00008845, witn…
The post Toncoin’s Market Cap Surge Threatens Shiba Inu’s Position appeared first on Coin Edition.