Shiba Inu Surpasses Cardano in Market Capitalization

柴犬市值超过卡尔达诺

In recent weeks, the memecoin market has witnessed a significant surge, with Shiba Inu (SHIB) dethroning Cardano (ADA) from the top 10 cryptocurrencies by market value.

最近几周，memecoin 市场出现了大幅增长，柴犬 (SHIB) 将卡尔达诺 (ADA) 从市值排名前 10 的加密货币中取代。

Cardano, which ranked third during the 2020-2021 bull market, now finds itself in 11th place, following SHIB. As of today, SHIB boasts a market capitalization of $16.4 billion, while Cardano's stands at $16.3 billion.

卡尔达诺在 2020-2021 年牛市期间排名第三，现在排名第 11 位，仅次于 SHIB。截至目前，SHIB 的市值为 164 亿美元，而卡尔达诺的市值为 163 亿美元。

Cardano's current price of $0.45 is 80% below its all-time high of $3.10, stagnating within a narrow price range similar to Ripple. This stagnation contrasts with the strong recovery and ATH performance of both Bitcoin and other altcoins.

卡尔达诺目前的价格为 0.45 美元，比历史高点 3.10 美元低 80%，与 Ripple 类似，停滞在狭窄的价格区间内。这种停滞与比特币和其他山寨币的强劲复苏和 ATH 表现形成鲜明对比。

Meanwhile, the memecoin frenzy continues. Pepecoin (PEPE) has risen to 18th place, surpassing Polygon. However, its price has since corrected, dropping back to 19th place. Dogwifhat (WIF), another popular memecoin, has reclaimed a market value of $4 billion, placing it in 28th position.

与此同时，模因币的狂热仍在继续。 Pepecoin (PEPE) 已上升至第 18 位，超过 Polygon。然而，其价格随后出现调整，回落至第 19 位。另一种流行的模因币 Dogwifhat (WIF) 的市值已达 40 亿美元，排名第 28 位。

Notably, Dogecoin (DOGE) and SHIB, two prominent memecoins, currently occupy the top 10 crypto rankings, with a combined market capitalization of $23.8 billion.

值得注意的是，狗狗币（DOGE）和 SHIB 这两种著名的模因币目前占据加密货币排行榜前 10 名，总市值达 238 亿美元。

The current memecoin bull run represents a significant departure from previous bull cycles. Unlike the OG memecoin DOGE and SHIB's popularity in the last bull run, the current surge is fueled by a new generation of memecoins that have emerged within the past year.

当前的 memecoin 牛市与之前的牛市周期有很大不同。与 OG memecoin DOGE 和 SHIB 在上次牛市中的受欢迎程度不同，当前的飙升是由去年出现的新一代 memecoin 推动的。

These new projects, such as Pepecoin, WIF, Book of Meme (BOME), have consistently outperformed Bitcoin and other altcoins, recording double-digit gains and reaching new peaks. Six of the top 10 gainers in the last 24 hours and the weekly charts reflect the dominance of memecoins in the current market landscape.

Pepecoin、WIF、Book of Meme（BOME）等新项目的表现一直优于比特币和其他山寨币，录得两位数涨幅并创下新高。过去 24 小时内涨幅最大的 10 个币中有 6 个以及周线图反映了 memecoin 在当前市场格局中的主导地位。