One of the most searched-for cryptocurrencies on Google, Shiba Inu, a popular cryptocurrency with a dog motif, has eclipsed all prior records, enjoying a spectacular rise in popularity.
Searches for Shiba Inus on Google Explode
A new discovery by Google Trends—a sophisticated tool for monitoring the popularity of top search queries—has shown a striking increase in interest for Shiba Inus. This analytics tool has shown that SHIB, the native token of the Shiba Inu ecosystem, is one of the few meme currencies that has seen a jump in popularity and an increase in worth recently.
The worldwide interest in Shiba Inus has spiked to levels not seen in the last two years, according to Google Trends, which shared a graph showing the evolution of SHIB's annual interest.
According to recent reports, bitcoin has become a hot topic among people from all over the world. A recent record high in Shiba Inu popularity has been fueled, in part, by the fact that about ten nations have been showing a lot of interest in the breed, according to Google Trends.
Shiba Inu reached its two-year high in Google searches with help from countries such as Slovenia, Nigeria, Canada, Austria, Pakistan, Switzerland, and the Netherlands. Additionally, Shiba Inu has seen a meteoric rise in popularity in the US and UK, as crypto fans and investors alike are utterly enthralled by the dog-themed meme currency.
Investors and crypto aficionados have been paying close attention to Shiba Inu from its start in 2020. With thousands of investors and activists, its flourishing network of supporters clearly reflects its heightened popularity.
Recent price rallies and ongoing development initiatives within the SHIB ecosystem may explain the surprising spike in Google searches internationally for the cryptocurrency. Shiba Inu's price has risen to the $0.00003 mark, a 200% increase in the last few months.
However, the cryptocurrency has been trading at a significant discount to its initial ascent, with a current price of $0.000025 according to CoinMarketCap, after a steep drop. The debut of the much-anticipated SHIB Name Service and the increase in transactions on the Shibarium network demonstrate that, despite the decrease, SHIB has been demonstrating robust fundamentals.
With a market valuation of over $14 billion, the cryptocurrency has also managed to get into the top 11 altcoins in the crypto industry. Based on the present market mentality, other experts have also expressed tremendous optimism for the cryptocurrency, projecting that the meme coin might reach new record highs during the bull run of 2024.
Lead developer Shytoshi Kusama has also hinted at Shiba Inu's future potential, saying that he thinks the dog-themed cryptocurrency has what it takes to become the "Dogecoin Killer."
