Shiba Inu: 'DOGE Killer' Crypto Meme Still a Favorite Despite Market Shifts

Shiba Inu, although displaced from the top 10 cryptocurrencies in market activity, continues to hold its allure for many. Despite currently being outside the top 10 in market capitalization, SHIB still holds its ground at position 11.

According to CoinMarketCap, in the top 10 most-watched coins, SHIB ranks 3rd, just one rank below Bitcoin and Ethereum, at 1st and 2nd positions respectively.

However, the fluctuating value of SHIB has demanded investors to tread cautiously to maximize their gains. SHIB has now become one of the most valued coins for investors, surpassing main rivals like Dogecoin and Cardano with a total of 1,702,000 watchlists.

This highlights the potent force of a community in driving the market, even outweighing the impacts of market-related tweets often echoed by Elon Musk.

Musk, a supporter of Dogecoin, stands as one of the wealthiest individuals globally. Nevertheless, SHIB investors are advised to remain vigilant due to its highly fluctuating value, which could even 'approach' zero.

Apart from text revisions, the title depicts the fact that Shiba Inu still captures investor attention, despite slipping out of the top 10 in the crypto market capitalization.