{"id":89934,"date":"2026-05-05T16:33:30","date_gmt":"2026-05-05T16:33:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=89934"},"modified":"2026-05-05T16:33:30","modified_gmt":"2026-05-05T16:33:30","slug":"shiba-inu-shib-lost-its-prestigious-position-once-again-is-a-comeback-possible","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=89934","title":{"rendered":"Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible?"},"content":{"rendered":"
\n

The self-proclaimed Dogecoin killer, long-standing as the second-largest meme coin, has recently faced serious pressure from the fast-rising MemeCore (M).<\/p>\n

The latter posted a double-digit price increase over the past 24 hours and once again reclaimed the No. 2 spot, prompting questions about whether SHIB can restore its former glory.<\/p>\n

Shuffle in the Sector\u2026 Again<\/h2>\n

Shiba Inu may be up 3% on a weekly basis, but the broader picture is bleak \u2013 the token has lost half its value over the past year. Its market cap slipped to approximately $3.7 billion, pushing SHIB back into third place among all meme coins.<\/p>\n

The second position now belongs to MemeCore (M), which is one of the top-performing cryptocurrencies today (May 5). Its price has jumped 25%, while its capitalization has surged to roughly $4.3 billion.<\/p>\n

It remains unclear exactly what triggered M\u2019s rally, as one potential catalyst could be the recent initiative unveiled<\/a> on its X account. The team launched the \u201cNo Cap(tion)\u201d community contest, offering USDT rewards to participants. The event will run until May 7 as users\u2019 captions must \u201cfit the scene,\u201d \u201cbe creative,\u201d and \u201cfun.\u201d<\/p>\n

It is worth noting that there are some red flags surrounding M, suggesting its price could reverse just as sharply. Numerous analysts, including X user Noodles, have labeled the project as a scam and a \u201cghost chain,\u201d claiming<\/a> that fewer than 10 wallets control the entire network. Such concentration makes the valuation highly vulnerable to manipulation.<\/p>\n

Meanwhile, M\u2019s Relative Strength Index (RSI) has entered overbought territory at around 75, which is typically a precursor of a pullback. The technical analysis tool measures the speed and magnitude of recent price changes and ranges from 0 to 100. Conversely, anything below 30 is considered a bullish zone.<\/p>\n

\"M<\/a>
M RSI, Source: RSI Hunter<\/figcaption><\/figure>\n

What\u2019s Next for SHIB?<\/h2>\n

M could dip in the short term, but SHIB isn\u2019t immune either. As a meme coin, it is just as vulnerable to hype cycles, while several indicators point to weakening user engagement, which increases the risk of a correction.<\/p>\n

Shibarium\u2019s activity is an evident example. Daily transactions processed on the layer-2 scaling solution remain quite low compared to figures observed before last year\u2019s exploit<\/a>. The reduced numbers reflect weak demand, fading utility, and a shrinking base of active ecosystem participants that could further undermine market confidence.<\/p>\n

\"Shibarium<\/a>
Shibarium Daily Transactions, Source: shibariumscan.io<\/figcaption><\/figure>\n

The rising amount of SHIB tokens stored on exchanges is another bearish factor. The development indicates that investors have shifted from self-custody methods toward centralized platforms, thereby increasing immediate selling pressure.<\/p>\n

\"SHIB<\/a>
SHIB Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\n

\u00a0<\/p>\n

The post Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The self-proclaimed Dogecoin killer, long-standing as the second-largest meme coin, has recently faced serious pressure from the fast-rising MemeCore (M). The latter posted a double-digit price increase over the past 24 hours and once again reclaimed the No. 2 spot, prompting questions about whether SHIB can restore its former glory. Shuffle in the Sector\u2026 Again […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-89934","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/89934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89934"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/89934\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}