8 months ago
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Popular doggy-themed cryptocurrency, Shiba Inu, has surpassed previous record highs, experiencing a meteoric surge in popularity and emerging as one of the most searched cryptocurrencies on Google.
Shiba Inu Google Searches Skyrocket
Google Trends, an advanced tool developed by Google for analyzing the popularity of top search queries, has recently unveiled a notable surge in interest surrounding Shiba Inu. According to the analytics tool, SHIB, the native token of the Shiba Inu ecosystem, is among the few meme coins witnessing both a rise in valuation and a surge in popularity lately.
Sharing a graphical representation of SHIB’s yearly interest over time, Google Trends disclosed a spike in global interest in Shiba Inu, triggering a rise to some of the highest levels unseen in the past two years.
Presently, reports indicate that cryptocurrency has emerged as a focal point of interest for individuals across various countries. According to Google Trends, approximately 10 countries have been displaying substantial interest in Shiba Inu, contributing to its recent record high.
Countries like the Netherlands, Slovenia, Pakistan, Switzerland, Canada, Austria, Belgium and Nigeria have all played a role in driving Shiba Inu to its two-year peak in Google searches. Moreover, both the United States (US) and the United Kingdom (UK) have experienced a surge in interest in Shiba Inu, with investors and crypto enthusiasts alike showing great fascination with the doggy-themed meme coin.
Why SHIB Is Becoming So Popular
Since its inception in 2020, Shiba Inu has been gaining a large amount of attention from investors and crypto enthusiasts alike. This elevated popularity is evident in its thriving community of supporters, boasting thousands of investors and advocates.
The unexpected rise in SHIB’s Google searches globally could be attributed to its recent price rallies and the ongoing development projects within its ecosystem. In the last few months, Shiba Inu witnessed a surge of more than 200%, pushing its price up to the $0.00003 threshold.
However, following a sharp correction, the cryptocurrency has been trading well below its initial surge, currently at $0.000025, according to CoinMarketCap. Despite the decline, SHIB has been showing strong fundamentals, which is evident in the rise in transactions on its Shibarium network and the launch of the long-awaited SHIB Name Service.
The cryptocurrency has also succeeded in achieving the ranks of the top 11 altcoins in the crypto space, with a market capitalization of more than $14 billion. With current market sentiment, many analysts have also made strong bullish projections for the cryptocurrency, predicting that the meme coin could surge to new all-time highs during the 2024 bull run.
Shiba Inu’s future potential has also been confirmed by its lead developer, Shytoshi Kusama, who believes that Shiba Inu could potentially overtake Dogecoin to finally become the “Dogecoin Killer.”
Featured image from Crypto News Flash, chart from Tradingview.com
