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Shiba Inu overtakes Bitcoin and Dogecoin in popularity

In a market as volatile as cryptocurrency, it is somewhat difficult to stay relevant. This is something that very few cryptocurrencies have achieved and the bitcoin is one of the exceptional cases. Perhaps because it is the first one, it has enjoyed a leading position in all surveys for many years, but it looks like things are about to change.

At fil of the time, as cryptocurrencies gain popularity, new digital assets are entering the market in force. One of the most recent and high profile cases is that of Shiba Inu.

The cryptocurrency meme par excellence, after the Dogecoin which has also been exceeded, records historical step after historical step. The results obtained by this cryptocurrency are not comparable to those of other similar cryptocurrencies. In fact, it has been touted as Dogecoin’s favorite killer cryptocurrency.Elon Musk.

While dogecoin and bitcoin remain viable investment alternatives, what Siba Inu has taken advantage of is its popularity in research. According to data released by CoinMarketCap, in the year 2021, Shiba Inu managed to overtake Bitcoin, Ethereum and Dogecoin in terms of views.

Data indicates that Shiba Inu achieved a total of 188,019,378 views during this period. The second place is occupied by the Bitcoin with 145,519,992 research, the third by the Dogecoin with 107,402,681 searches, and the fifth by theEthereum with 81,358,080 views, which is quite surprising since it is the second most relevant cryptocurrency on the market.

The Shiba Inu is gaining ground

Being the most searched cryptocurrency with over 188 million views in the last 12 months alone is a great achievement that any cryptocurrency fails to achieve.

What becomes much more interesting for everyone is that Shiba Inu has only been on the market for 15 months and in 12 months it has gained more views than any other cryptocurrency that struggling to climb in the rankings. It’s so impressive that right now the cryptocurrency meme ranks 13th among the world’s largest cryptocurrencies in terms of market capitalization.

The above data alarmed some, but it also delighted a large group, especially investors. If we look at the most recent data, in the month of October alone this year, the Shiba Inu managed to increase by over 133% and this was recorded over a period of just 4 days. At that time, it reached the all-time high of 0.000088 US dollar.

With these data, it is no longer a secret that the Shiba Inu is in a period of very significant rise. So important that he managed to reach $ 41.5 billion in total market value. Things got so serious with this cryptocurrency meme that it managed to supplant the other Dogecoin cryptocurrency.

Popularity will increase

If the Shiba Inu has already recorded excellent results, these will increase in the future. There are different factors that promote the growth of Shiba Inu. One of them is clearly the interest of investors betting on the future of this cryptocurrency, but recently cryptocurrency exchanges have taken an interest in the cryptocurrency meme as well.

About a month ago, Kraken, one of the world’s largest cryptocurrency exchanges, tweeted that it would add support for Shiba Inu if the tweet they posted got 2,000 likes.

For such a large stock exchange and such a large cryptocurrency, it was to be expected that the stipulated figure would be exceeded. A few hours later, Kraken’s tweet garnered over 80,000 likes. This tweet became the second most popular tweet posted by Kraken’s Twitter account.

Another data that validates the extent of Shiba Inu’s success is that of conversations on Twitter. According to the latter, it is estimated that conversations about this cryptocurrency increased by 16,000% in the year 2021 alone. What is relevant is that this rate of growth has never been recorded before with no other cryptocurrency.

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