The Shiba Inu (SHIB) token meme, despite being ranked 13th out of the top 200 cryptocurrencies by market capitalization, is already one of the most popular digital assets in the crypto space. for most of 2021.
Indeed, the decentralized token built on the Ethereum network is most viewed digital the asset is among the top 200 cryptocurrencies with 188,019,378 views as of December 25, on CoinMarketCap, a cryptocurrency tracker used to check price, volume, and coin supply in real time.
Elsewhere, market leading digital asset Bitcoin (BTC) comes in second with 145 million views. Meanwhile, the original dog coin and SHIB rival Dogecoin (DOGE) came in third with over 107 million views.
Meanwhile, popular smart contract platforms Cardano (ADA) and Ethereum (ETH) ranked fourth and fifth, respectively, with data for all cryptocurrencies coming from a web view only.
SHIB’s interest increased by 16,000% on social platforms
Interestingly, a recent study revealed that SHIB is the biggest gainer by social media growth in 2021, eclipsing other trending coins with social media discussions surrounding it. around SHIB’s 16,000% increase in 2021.
Growth numbers are based on mentions for 2020 and 2021 on both Reddit and Twitter as of December 9, 2021.
One of the most notable increases in social media discussions around Shiba Inu has been driven by market speculation about the token’s potential listing on Robinhood, which has led investors The trade required the asset to be listed through a petition, causing the asset’s price to hit a new record high.
SHIB building use cases
SHIB aims to move from stigmatizing its meme token to an asset that has real-life use cases with applications related to the crypto space, such as a game of non-fungible tokens. (NFT) play for money.
Due to its massive surge in popularity in recent months, SHIB is currently the fourth most popular cryptocurrency globally on Twitter, with 2.3 million followers.
Currently, the digital asset is trading at $0.00003742, down 1.99% in the last 24 hours but up 18.63% in the past seven days for a total market value of $20.5 billion. la.
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