Shiba

2024

Internet Computer

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In an unexpected turn of events for&nbsp;<a href="https://u.today/shib-team-teases-big-developments-and-game-changing-stuff-in-new-year" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> enthusiasts, the renowned token has encountered its first significant challenge of 2024. On Jan. 1, SHIB slipped to the 17th spot on the list of the largest cryptocurrencies by capitalization, losing its coveted 16th position to the surging Internet Computer token (ICP).
The twist in the tale lies not merely in SHIB's descent but in ICP's remarkable performance over the past four weeks. Often considered a "godforsaken" token by some, ICP has defied expectations, registering an impressive growth rate of over 185%. This surge catapulted ICP's capitalization to an impressive $6.1 billion, effectively displacing SHIB from its previous standing. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="cb0217bf-625c-410e-85b7-1cd39d6fcf38" src="https://u.today/sites/default/files/inline-images/shihih.png">Source: <a href="https://coinmarketcap.com/currencies/internet-computer/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
While ICP soared to new heights throughout December, SHIB seemed to remain stagnant. The&nbsp;<a href="https://u.today/shiba-inu-shib-witnesses-mysterious-446-million-whale-activity" rel="noopener noreferrer nofollow">Shiba Inu</a> token's weekly performance exhibited a minimal spread, with a mere 3.5% difference between the closing and opening prices.
<h2 dir="ltr" id="2024-but-it-s-2021">2024, but it's 2021</h2>
The burning question on the minds of crypto enthusiasts is whether SHIB can stage a comeback and reclaim its former glory in the near future. However, the intrigue extends beyond this, with the dawn of 2024 witnessing a captivating face-off between two crypto market "stars" of 2021.
The clash between&nbsp;<a href="https://u.today/shiba-inu-shib-prints-2555-jump-in-burn-rate-will-price-follow" rel="noopener noreferrer nofollow">SHIB</a> and ICP raises questions about the resurgence of old narratives in the world of digital currencies. This sudden battle marks the commencement of what could be an interesting chapter in the crypto saga of 2024.

Shiba Inu Faces First Big Drama of 2024, Here's What SHIB Holders Should Know

Table of Contents

U_Today

Other articles published on Jan 1, 2024

MATIC Price Gives A Retest Entry Chance, Should You Take It?

VinBigdata Launches ViGPT: Vietnam’s Tailored AI Assistant

US prosecutors won’t pursue second trial against Bankman-Fried

Top 5 Cryptos For Beginners To Buy Now In 2024

DIFI 2024 Unveiled: Snapshot, GemPad Sale, and Future Steps! 🚀

BTC Price Can Retest $37,000 In January Despite Bitcoin ETF Approval, Here’s Why

Join our free newsletter for daily crypto updates!