SHIB’s 10% surge: Can Shiba Inu flip AVAX to enter top 10 again?

return to the top 10 fold might be closer if the token keeps up with its seven-day momentum. As of this writing, SHIB was 11th on the standings.For AVAX, it has not been able to attract the same goodwill as Shiba Inu. When SHIB’s price increased, AMBCrypto observed that AVAX could not match up as its value fell by 3.35%.

However, price is not the only indicator suggesting a possible flipping. According to our analysis, other metrics like the Weighted Sentiment and Social Dominance implied the same.For example, the metric started rising on the 1st of March. A few days later, it hit a month-long high, and it was around the same period that SHIB climbed to $0.000040.If this trend repeats itself, then the price of Shiba Inu could increase.

Therefore, a further price increase could be a reasonable option. In AVAX’s case, it was not the same, as the sentiment remained negative. A situation like this suggests that participants have pessimistic comments about the price action. Hence, demand for the token might reduce which could also mean a price decline. If this trend with Shiba Inu and AVAX continues over the next few days, then SHIB might displace the latter from the 10th position.However, AVAX might resist the flipping if fear gets extreme as this could fuel a rally for the token. Should the rally come before SHIB takes over the position, the aforementioned prediction could be invalidated.

If this remains the same, the flipping might happen. However, if altcoins start to run, the projects might maintain their respective positions.Victor is a full-time journalist at AMBCrypto. Before his sojourn into the world of journalism, he was a “buy the top, sell the bottom” merchant while doubling as a sales funnel copywriter. Victor’s focus is the exciting on-chain landscape of the cryptocurrency market and its underlying technology.

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