[Shiba Inu faces the first big drama in 2024, SHIB holders should know this]

Surprisingly, the famous token SHIB encountered major challenges in early 2024, falling to 17th place in the ranking of the largest cryptocurrencies by market capitalization on January 1, being surpassed by the continuously rising ICP.

This shift is not only reflected in SHIB's decline, but also in ICP's remarkable performance over the past four weeks. Often considered “forgotten,” ICP breaks the mold;

Achieving impressive growth of over 185%, the market cap soared to $6.1 billion, taking SHIB's previous spot.

And throughout December, ICP continued to climb, while SHIB was flat. SHIB's weekly performance was slightly volatile, with the gap between its opening and closing prices being just 3.5%.

The question now is whether SHIB can regain its former glory in the near future.

The start of 2024 witnessed a fierce competition between the two crypto market giants of 2021, SHIB and ICP,

The competition has sparked discussions about the revival of old narratives in the world of digital currency. This unexpected showdown marks the beginning of a new and interesting chapter in the cryptocurrency saga of 2024.