CandleFocus Toncoin’s Market Cap Surge Threatens Shiba Inu’s Position
2024-11-21
Author: Content Editor
TON, a rising layer-1 blockchain project, is closing in on 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. SHIB has outperformed TON with a 181.65% rise compared to TON's 128.43% since November 2023. TON's market cap is $13.55 billion, slightly lower than SHIB's $13.97 billion. TON is currently trading at $5.32, down 35.63% from its all-time high, while SHIB is trading at $0.00002371, down 73.43% from its all-time high. Analysis suggests TON is forming a bullish pennant, while SHIB's burn rate has doubled in the past 24 hours. In the past 30 days, TON has gained 1.66% and SHIB has surged 28.33%.
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