Shiba Inu (SHIB) has fallen behind Toncoin (TON) in market capitalization.

Shiba Inu (SHIB) 的市值落後於 Toncoin (TON)。

According to latest data from CoinGecko, Toncoin now boasts a market cap of $5.036 billion, marginally edging out SHIB's $5.035 billion.

根據 CoinGecko 的最新數據，Toncoin 目前的市值為 50.36 億美元，略勝 SHIB 的 50.35 億美元。

This development places SHIB precariously close to exiting the top 20 cryptocurrencies, currently just above Bitcoin Cash with its $4.48 billion market cap.

這一發展使 SHIB 瀕臨退出前 20 名加密貨幣行列，目前僅高於市值 44.8 億美元的比特幣現金。

Declining Shibarium transactions affecting SHIB?

Shibarium 交易量下降影響 SHIB？

A possible factor in SHIB's recent slip is the diminishing transaction volume on Shibarium, its Layer-2 solution. Shibarium transactions have hit an all-time low, with just 8,766 transactions recorded on Nov. 18, falling below 10,000 earlier in the month. This is a stark contrast to the peak observed on Sept. 11, when Shibarium transactions exceeded 202,000 in a single day.

SHIB 最近下滑的一個可能因素是其第 2 層解決方案 Shibarium 的交易量不斷減少。 Shibarium 交易量創下歷史新低，11 月 18 日僅記錄 8,766 筆交易，本月稍早跌破 10,000 筆。這與 9 月 11 日的峰值形成鮮明對比，當時 Shibarium 單日交易量超過 202,000 筆。

Despite the recent announcement that the Manny Pacquiao Foundation would use Shibarium for its operations, this has not translated into a resurgence in SHIB's market performance.

儘管曼尼·帕奎奧基金會最近宣布將使用 Shibarium 進行運營，但這並沒有轉化為 SHIB 市場表現的復甦。

Dogecoin's rally overshadowing SHIB

狗狗幣的漲勢蓋過了SHIB

In contrast to SHIB's downturn, Dogecoin has been experiencing a slight uptick, registering a 1.3% increase over the past week.

與 SHIB 的低迷形成鮮明對比的是，狗狗幣一直在經歷小幅上漲，過去一周上漲了 1.3%。

This rise is partly attributed to the excitement surrounding the planned launch of a physical Dogecoin token to the moon in December by space payload transporter Astrobotic.

這一增長的部分原因是太空有效載荷運輸公司 Astrobotic 計劃於 12 月向月球發射實體狗狗幣代幣。

This event has garnered significant attention in the media, further overshadowing SHIB's presence in the market and attracting risk-on buyers.

這起事件引起了媒體的廣泛關注，進一步掩蓋了 SHIB 在市場上的影響力，並吸引了願意承擔風險的買家。