Shiba Inu Surpasses Cardano in Market Cap as New Memecoin Era Rises

The recent bullish run of memecoins has propelled Shiba Inu into the top-10 cryptocurrencies by market capitalization, surpassing Cardano. Over the past couple of weeks, memecoins like Pepe, Shiba Inu, and Dogwifhat (WIF) have reached new all-time highs (ATHs), overtaking several established cryptocurrencies. Cardano, which was once the third-ranked cryptocurrency during the 2020-21 bull run, has now slipped to 11th place, just behind Shiba Inu. Shiba Inu’s market cap stands at $16.4 billion, narrowly exceeding Cardano’s $16.3 billion. Cardano is currently trading at $0.45, significantly down from its ATH of over $3.10. While Bitcoin and other altcoins have recovered and