Shiba Inu Climbs To Second Spot In Crypto Searches As SHIB Rallies
28 March 2024 - 2:00AM
NEWSBTC
The ever-vibrant Shiba Inu community is thriving once more as SHIB
gains widespread recognition surpassing top cryptocurrency assets
in the market to become the second most sought-after digital asset
in the entire European continent, securing its stance in the crypto
landscape. Shiba Inu Takes Europe By Storm XRP enthusiast and
market expert Marcel Knobloch, also known as Collin Brown, reported
the coin’s latest milestone on X. According to Brown, Shiba Inu has
seen significant growth in its long-term investor base, taking
Europe by storm by becoming the second most search crypto in the
continent. Brown noted that the milestone is reminiscent of the
peak of 2021, having rallied a startling 300% in just 8 days.
SHIB’s interest is not limited to Europe, and it has taken the
top spot on search charts all the way from Italy to Nigeria.
Related Reading: Shiba Inu Takes Over The Internet: Google Searches
Climb As Global Interest Surges As a result of the development,
WazirX’s poll has crowned SHIB the king of meme cryptos. Thus,
Collin Brown has urged the cryptocurrency space to watch out for
Shiba Inu, noting that the Shiba pack is at the forefront of the
race. The rankings were determined following a comprehensive
analysis of Google Trends data in the past 1 year in order to
ascertain the cryptocurrency that, based on searches, each nation
in Europe desires to invest in. After gathering collective data,
the findings showed a noteworthy pattern that indicated changes in
people’s interest in the crypto market. Shiba Inu went past notable
coins like Ethereum (ETH) – the second largest crypto asset,
Cardano (ADA), and Dogecoin (DOGE) – the largest meme coin,
securing the top pick in about 7 European countries. These include
Russia, France, Italy, the United Kingdom, and among others.
Meanwhile, Bitcoin (BTC) – the largest crypto asset remains the
most searched coin in the continent acquiring top choice in about
21 European nations, such as Poland, Germany, Belgium, Romania,
etc. Latest Milestone Buttresses SHIB’s Price SHIB’s recent
achievement displays a constant rise in its interest, reflecting
the trust of its community members around the world. In addition to
bolstering SHIB’s standing, this ranking indicates that European
investors are considering adopting the token even more. Related
Reading: Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target
In Sight Following the project’s landmark, the Ethereum-based
memecoin has managed to secure gains of over 18% in the past week.
SHIB has experienced a rebound to the $0.000030 threshold, after
falling as low as $0.000025 during the start of the week. With the
memecoin market demonstrating momentum presently, SHIB might be
poised for more significant gains in the coming months.
Consequently, SHIB’s rise to the aforementioned price has taken
advantage of the market’s general recovery and its seven-day
upswing. As of the time of writing, Shiba Inu was trading at
$0.0000305, indicating a decline of 1% in the past day. Meanwhile,
its trading volume and market cap have decreased by over 1% and
16%, respectively. Featured image from iStock, chart from
Tradingview.com
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024