The Shiba Inu (SHIB) meme crypto has $350 million separating it from number 30 cryptocurrency on the list of ranked cryptocurrencies. If the value of SHIB decreases by 10%, Shiba Inu would lose its place among the top thirty cryptocurrencies in the world.
As of February 27th, Shiba Inu is ranked 27th globally and has a market cap of approximately $3.42 billion, which is above Cronos, Toncoin, and World Liberty Financial. Each of these three assets has a market value of around $3.19 billion per CoinMarketCap.
Source: CoinMarketCap
Shiba Inu Price Tests Critical Zone
The Shiba Inu price is trading near $0.0000059 at press time, as shown by TradingView data, and has remained on the downtrend for many months.
On the two-day chart shared by analysts at Whales Crypto Trading, the SHIB price is trying to regain the 200-period moving average. These price levels generally determine whether momentum will begin to shift back towards an upward trend or if the downward trend will continue.
Additionally, the Shiba Inu price is currently testing the upper limit of the long-term descending channel, creating a key inflection point. If a confirmed breakout occurs here, then it may be possible for the price to move to the $0.000044 resistance zone.
This aligns with previous supply levels. However, failure at this level will likely confirm the downward trend and make further declines in the ranking of SHIB more probable.
Source: X
Also Read | Shiba Inu Unveils SOU as K9 Finance Disputes Claims Exclusion
From Top 10 Crypto to Defensive Position
At the beginning of 2021, SHIB was one of the top 10 crypto assets, due in part to huge token burns, listing on major exchanges, and the influx of new retail investors. The 2025 Shibarium exploit diminished investor confidence.
This caused momentum to fade, and Shiba Inu to exit the top 20, down to its current position. The Shibburn website shows that burn activity has dropped off dramatically.
Approximately 305,000 SHIB have been burned over the last 24 hours. This represents an almost negligible percentage of the total circulating supply for the token.
As a result of the decrease in burn activity, one of the critical bullish trends for SHIB has decreased. Price movement has now become more dependent on overall market liquidity rather than internal supply shocks.
SHIB Ranking Position Threatened By Competition
Toncoin, Cronos, and World Liberty Financial are positioned in a relatively small difference in terms of market capitalization. As a result, a high-risk “compression zone” will exist where any slight movement in the price of any one of them will significantly affect their rankings.
Tether Gold, with a market cap of $2.7 billion, also continues to make up the difference between itself and Shiba Inu. Many cryptocurrencies are competing to increase their ranking.
The only way for Shiba Inu to keep its current ranking is through continued token burns and a significant rise in Shibarium adoption. A confirmed breakout above the existing resistance level would also be required.
Why Does It Matter?
If Shiba Inu loses its spot in the top 30, it could potentially hurt its visibility. It could also negatively impact short-term liquidity flows and decrease demand for it on major exchanges.
Also Read | Tron Inc. Positions for Long-Term Growth With Strategic TRX Accumulation