Bitcoin Cash (BCH) has surpassed Shiba Inu (SHIB) in market capitalization, signaling shifting investor sentiment between foundational cryptocurrency forks and meme-based tokens. Bitcoin Cash now holds a market valuation of approximately $10.34 billion, exceeding Shiba Inu’s position valued at roughly $8.93 billion.
While Shiba Inu recently witnessed a significant 31% price increase, it experienced a subsequent correction of nearly 4% over a 24-hour period, attributed largely to profit-taking activities.
In contrast, Bitcoin Cash has shown a pattern of consistent growth, with its price solidifying around the $515 level. Its perceived technical advantages, including features geared towards more efficient payment solutions, contribute to its renewed appeal.
This shift in market rankings highlights a broader trend within the cryptocurrency sector as the market increasingly weighs assets driven by utility and technical merits against tokens primarily fueled by community enthusiasm and speculative interest.