$SHIB has lost battle for top market capitalization to $DOGE, $AVAX and others
1,000% rally, the token's market capitalization reached $50 billion, surpassing industry giants like Solana and entering the top 5 according to CoinMarketCap. But due to high volatility and a large number of short-term traders, the sudden price drop caused panic selling streaks that have pounded the asset's capitalization down to $17 billion.The unexpected recovery began on Dec.
20, when the meme-token's capitalization quickly increased from $15 to $21 billion in less than 5 days. But due to the absence of buying power from retail traders, the rally could not last long and ended shortly thereafter.While the asset brings major profits to some holders and investors, in the asset's current state, the majority of traders and investors are losing their money by holding
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