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Home»ALTCOIN NEWS»Shiba Inu Loses Top 10 Spot to Tron in Weekly Cryptocurrency Roundup
ALTCOIN NEWS

Shiba Inu Loses Top 10 Spot to Tron in Weekly Cryptocurrency Roundup

By Crypto FlexsJuly 1, 20243 Mins Read
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Shiba Inu Loses Top 10 Spot to Tron in Weekly Cryptocurrency Roundup
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  • The top 10 cryptocurrencies underwent major changes this week.
  • A popular meme coin has been knocked out of the top 10 by its competitors.
  • Even the biggest names in the cryptocurrency industry have faced price declines.

The top 10 cryptocurrencies, excluding stablecoins, have seen some changes this week, with Shiba Inu and Tron vying for the top 10 spot. As of today, Tron (TRX) has secured the coveted spot after rising 4.3% over the past seven days. This rise coincides with Shiba Inu (SHIB) falling 5.8% over the same period, dropping out of the top 10.

Volatile Week in Cryptocurrency

Avalanche (AVAX) was the biggest gainer this week, surging 9.5%. Solana (SOL) followed closely behind with an increase of 5%, while TRX secured a top 10 spot with an increase of 4.3%. Toncoin (TON) completed the list of gainers with a slight 1% gain for the week.

Cardano (ADA) was the most resilient of the top 10, limiting losses to just 0.4%. Dogecoin (DOGE) and Binance Coin (BNB) experienced slightly steeper declines, down 1.6% and 2.6%, respectively. In the top 10, Ripple (XRP), Ethereum (ETH), and Bitcoin (BTC) were down 2.8%, 3.4%, and 4.7%, respectively.

This week’s price action highlights continued volatility within the cryptocurrency market. While some cryptocurrencies, such as Avalanche, experience significant gains, others, such as Shiba Inu, face setbacks. This highlights the importance of conducting thorough research before investing in cryptocurrency.

winner

Of the top 10 cryptocurrencies, only four have experienced price growth in the past week. Here’s a look at them:

DailyCoin's Cryptocurrency Market Weekly Winner Snapshot: Source DailyCoin
Snapshot of DailyCoin’s Crypto Market Weekly Winners: Source DailyCoin

losers

Six of the top 10 cryptocurrencies experienced price declines last week. Here are the cryptocurrencies ranked by decline:

DailyCoin's Snapshot of Crypto Market Weekly Losers: Source DailyCoinDailyCoin's Cryptocurrency Market Weekly Losers Snapshot: Source DailyCoin
DailyCoin’s Cryptocurrency Market Weekly Losers Snapshot: Source DailyCoin

This is just a brief overview of the current market situation at the time of writing. Cryptocurrency prices fluctuate constantly, so it is important to do your own research before making any investment decisions.

On the other side

  • Despite dropping out of the top ten, SHIB maintains a large and active community.
  • The overall decline in prices for the top 10 companies indicates cautious market sentiment that could impact future performance.

Why This Matters

This shuffle in the top 10 highlights the ever-changing nature of the cryptocurrency market. While established players like Bitcoin and Ethereum have declined, altcoins like Avalanche and Tron have shown notable gains, with both established and emerging projects showing the potential for significant moves.

If you are interested in cryptocurrencies, you may also be interested in the following article about Bitcoin’s recent price crash:
Bitcoin struggles to recover after double-digit decline

This article discusses the growing interest in the Solana ETF and the regulatory hurdles it must overcome before gaining approval.
Solana ETF Competition Intensifies as 21Shares Vvies for SEC Approval

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