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

Shiba Inu (SHIB) 的市值落后于 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.

根据 CoinGecko 的最新数据，Toncoin 目前的市值为 50.36 亿美元，略胜 SHIB 的 50.35 亿美元。

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

这一发展使 SHIB 濒临退出前 20 名加密货币行列，目前仅高于市值 44.8 亿美元的比特币现金。

Declining Shibarium transactions affecting SHIB?

Shibarium 交易量下降影响 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 最近下滑的一个可能因素是其第 2 层解决方案 Shibarium 的交易量不断减少。 Shibarium 交易量创下历史新低，11 月 18 日仅记录 8,766 笔交易，本月早些时候跌破 10,000 笔。这与 9 月 11 日的峰值形成鲜明对比，当时 Shibarium 单日交易量超过 202,000 笔。

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.

尽管曼尼·帕奎奥基金会最近宣布将使用 Shibarium 进行运营，但这并没有转化为 SHIB 市场表现的复苏。

Dogecoin's rally overshadowing SHIB

狗狗币的涨势盖过了SHIB

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

与 SHIB 的低迷形成鲜明对比的是，狗狗币一直在经历小幅上涨，过去一周上涨了 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.

这一增长的部分原因是太空有效载荷运输公司 Astrobotic 计划于 12 月向月球发射实物狗狗币代币。

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

这一事件引起了媒体的广泛关注，进一步掩盖了 SHIB 在市场上的影响力，并吸引了愿意承担风险的买家。