Shiba Inu (SHIB) Refuses to Be Dethroned by Litecoin, With $350 Million Advantage

Shiba Inu (SHIB) Refuses to Be Dethroned by Litecoin, With $350 Million Advantage

Shiba Inu (SHIB) in danger as $13 billion battle with Litecoin heats up, Here’s what it’s about

Shiba Inu (SHIB) Refuses to Be Dethroned by Litecoin, With $350 Million Advantage

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Somewhere just beyond the spotlight of the crypto top 10, a major power shift is brewing between two of the space’s best-known names: Litecoin and Shiba Inu (SHIB). The two are sitting just outside the top 15 cryptocurrencies, with SHIB slightly ahead at $6.815 billion and Litecoin close behind at $6.480 billion — a difference of less than $350 million.

Prices are a reflection of that. SHIB is steady at $0.00001156, showing almost no movement over the past 24 hours or the past week. Meanwhile, Litecoin is doing okay — up 1.45% on the day, trading at $85.29. In the last seven days, LTC has dropped 3.41%, but that still puts it ahead of SHIB’s 7.9% weekly drop.

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The volume makes it easier to understand. In the last 24 hours, there was $329.2 million worth of trading volume in Litecoin, while SHIB only had $121.7 million. That is a big difference, and it suggests more attention, more movement and possibly more short-term confidence around LTC. SHIB’s price chart has been all over the place recently, while Litecoin’s decline looks more measured.

Source: CoinMarketCap

The difference in supply is huge: SHIB has 589.24 trillion tokens in circulation, while Litecoin has just under 76 million.

One is all about meme culture and massive scale, and the other is all about utility and legacy functionality. These two occupy different corners of the crypto market, but that has not stopped people comparing them, especially when they are trading spots.

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No one is expecting either of them to break into the top 10 overnight, but in a market where rank often shapes perception, even a small jump can make a difference. 

If LTC keeps up its pace and SHIB keeps stalling, the flip could be coming soon. It is not a rivalry that is all over the headlines — but it is a tight one.

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