Popular dog-themed cryptocurrency, Shiba Inu, It broke the all-time high and suffered a slump. Soaring in popularity It is emerging as one of the most searched cryptocurrencies on Google.
Shiba Inu Google searches surge
Google Trends is an advanced tool developed by Google to analyze the popularity of popular search terms. published There has been a noticeable surge in interest surrounding Shiba Inu. According to the analysis tool: SHIBthe native token of the Shiba Inu ecosystem, is one of the few meme coins that has been witnessing both an increase in value and a surge in popularity recently.
Google Trends, a graphical representation of SHIB’s annual interest over time, has shown a surge in interest globally. shiba inuThis sparked a rise to the highest levels not seen in the past two years.
Current reports show that cryptocurrencies have emerged as a focus of interest for individuals from various countries. According to Google Trends, about 10 countries Shows great interest in Shiba InuContributed to recent record highs.
Countries such as the Netherlands, Slovenia, Pakistan, Switzerland, Canada, Austria, Belgium and Nigeria have all played a role in pushing Shiba Inu to its highest Google searches in two years. Moreover, both the United States (US) and the United Kingdom (UK) have experienced this. Increased interest in Shiba InuCryptocurrency is very attractive to both investors and cryptocurrency enthusiasts. Dog themed meme coins.
Why SHIB is so popular
Shiba Inu has received a lot of attention from investors and cryptocurrency enthusiasts alike since its launch in 2020. This high popularity is also evident in: a thriving community Its supporters boast thousands of investors and advocates.
It was recently that Google searches for SHIB unexpectedly increased globally. price rise and Ongoing development project Within the ecosystem. For the past few months, my Shiba Inu has been witnessed a surge It rose by more than 200%, pushing the price to the $0.00003 threshold.
However, the following sharp correctionThe cryptocurrency is currently trading at $0.000025, well below its initial surge, according to CoinMarketCap. Despite the decline, SHIB shows solid fundamentals. Increased transactions on the Shibarium network And the long-awaited release SHIB Name Service.
Cryptocurrency also succeeded in entering the top rankings. Top 11 Altcoins in Cryptocurrency Industry, has a market capitalization of over $14 billion. Following the current market sentiment, many analysts have also expressed their opinions: Strongly Optimistic Outlook In the case of cryptocurrency, MEM Coin is Breaking all-time high During the 2024 bull market.
The Shiba Inu’s future potential was also confirmed by the lead developer. Shitoshi KusamaHe believes that Shiba Inu could potentially catch up with Dogecoin and eventually become the “Dogecoin Killer.”
SHIB price at $0.000024 | Source: SHIBUSDT on Tradingview.com
Featured image from Crypto News Flash, chart from Tradingview.com