Toncoin (TON) Flips Shiba Inu (SHIB) as Bearish Reset Returns

Despite a 14.31% decline in the last 30 days, Toncoin (TON) has flipped dog-themed Shiba Inu (SHIB) in market capitalization ranking.

Toncoin (TON) has flipped dog-themed Shiba Inu (SHIB) in the market capitalization ranking despite a 14.31% decline in the last 30 days.

As of 08:15 ET on Tuesday, Toncoin is trading hands at $3.19, down 0.84% for the 24-hour period. The asset has not been able to reclaim $3.50 in the past month, testing lower support levels at $3.10.

According to CoinMarketCap data, the total market capitalization of TON is $7.9 billion, which is $130 million more than SHIB’s market cap of $7.77 billion.

Shiba Inu’s market has decreased by 2.07% to $7.77 billion in the last 24 hours.

Investors are watching the price outlook closely, as a fall below the crucial $3.10 support could see the asset plunge to $2.85.

If Toncoin records a bullish breakout and reclaims $3.50, its market cap could soar to $8.68 billion. This would see it flip the 14th-ranked Stellar (XLM), which currently has a market cap of $8.36 billion.

On the other hand, Shiba Inu saw a reversal in the last 24 hours, slipping from $0.00001343 to $0.00001316. The token’s trading volume also decreased by 27.62% to $119.94 million.

This marks a reversal from the recent surge when over 13 billion SHIB tokens stunned crypto exchanges. The price outlook caused the reversal, with analysts now looking for new breakout signals.

News data source: kdj.com

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