Crypto

Shiba Inu, Bitcoin, Dogecoin, Ethereum and Cardano as the most followed cryptocurrencies in 2021.

The year 2021 will end in a few days and different rankings are beginning to appear. One of them was also published by the popular cryptocurrency site CoinMarketCap. It shows that the cryptocurrency most viewed by users this year on the platform is Shiba Inu Dog Mimetic Coin (SHIB).

Shiba Inu, the most sought after cryptocurrency in 2021

The company behind CoinMarketCap noted that Shiba Inu, despite being only the 13th largest cryptocurrency in terms of market capitalization, was undoubtedly the most sought after cryptocurrency of the year, as users have searched more than 188 million times on the platform.

SHIB was closely followed by the market leader bitcoin, which was the subject of more than 145 million searches on the site. Unsurprisingly, the top dog-themed meme coin, Dogecoin (DOGE), is also on the list, along with Cardan and Ethereum. They have been viewed more than 107 million, 86 million, and 81 million times, respectively.

Source: coinmarketcap.com

SHIB’s dominance is not a surprise, as the coin meme has seen a significant increase in mentions in social media discussions. SHIB saw the strongest advance in social media growth metrics in 2021, according to a recent report from Global Data. SHIB mentions on Twitter and Reddit grew by around 16,000%. This growth rate far exceeds that of all other cryptocurrencies on the market.

However, by designating 2021 as a favorable year for crypto adoption, the researchers found that the most frequently mentioned cryptocurrency on these two platforms was the queen cryptocurrency: bitcoin, which was mentioned in more than 900,000 threads.

Price performance of SHIB and other cryptocurrencies

Despite its immense popularity, SHIB’s price hasn’t gone through the roof lately. SHIB is currently trading at around $ 0.000037 which according to CoinMarketCap data is not only down 3.06% on the day, but also marks a massive 57.5% drop from the all-time high of $ 0.000087 reached in October.

The price saw a sharp increase during the week due to the massive buying of Ethereum whales. A single whale spent more than $ 136 million to acquire 4 trillion SHIB tokens. SHIB’s price increased approximately 10% within 24 hours of purchase. The market has managed, despite recent volatility, to maintain some of these gains, as its current price has risen by around 17% in the space of a week.

conclusion

Other cryptocurrencies are also showing impressive performance during the Christmas season. Bitcoin, the market leader, crossed the $ 51,500 threshold yesterday for the first time since early December. It is currently trading at around $ 50,800, which is a 0.88% daily decline (all numbers valid at the time of writing).

I hope you liked the article. Don’t forget to also join our official Discord server Alchimy.info.

Rank Math Seo Pro Weadown, Wordfence Premium Nulled, Yoast Nulled, PHP Script, Fs Poster Plugin Nulled, Astra Pro Nulled,Woodmart Theme Nulled, Wpml Nulled, Avada 7.4 Nulled, Woodmart Theme Nulled, PW WooCommerce Gift Cards Pro Nulled, Elementor Pro Weadown, Newspaper – News & WooCommerce WordPress Theme, Nulledfire, Slider Revolution Nulled, Elementor Pro Weadown, Jnews 8.1.0 Nulled, WeaPlay, Business Consulting Nulled, WP Reset Pro, Newspaper 11.2, Flatsome Nulled, Woocommerce Custom Product Ad, Premium Addons for Elementor, Jannah Nulled, Consulting 6.1.4 Nulled, Plugins, WordPress Theme, Dokan Pro Nulled

Back to top button