According to the results of a study by Bacancy Technology, the Shiba Inu meme cryptocurrency has a chance to become one of the most popular in the world in 2021. At least according to requests from Google, this digital currency is among the leaders, and the value of the asset is growing quite rapidly.
According to Bacancy Technology, in 2021, Shiba Inu was searched on Google 2.8 million times a month on average. By comparison, Bitcoin was searched 22 million times, while Ethereum was searched 6.3 million times. Dogecoin, another meme dog-themed crypto asset, came in sixth in the search ranking.
The cost of Shiba Inu broke another record the day before and amounted to $ 0.0000497. According to CoinDesk, literally the day before, the value of a digital asset was $ 0.000047 - this is a daily increase of 14.1%. For the week, it has risen in price by 72%. If we consider the dynamics of Shiba Inu in 30 days, the result will be even more impressive - over the course of a month, the cryptocurrency has added 579% in price. As a result, its total market capitalization was $ 18.7 billion, and Shiba Inu became the eleventh highest capitalization among all cryptocurrencies.
The decentralized exchange Shiba Swap, launched in July, showed a jump in trading volume in October, reaching a record level of $ 452 million on October 7. Last Monday, this figure was $ 100.6 million. For comparison, over the past day, bitcoin has fallen in price by 4.25%. Ethereum lost 3.17% in price, while Dogecoin became 3.58% cheaper.
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