Shiba Inu and Dogecoin see red as their market cap shrinks.

Meme-based cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE) suffered a major hit in the last few days after the market cap of both tokens dropped below $30 billion. The latest dip means that DOGE and SHIB are no longer among the top 10 cryptocurrencies by market capitalization.