Shiba Inu is the Ethereum-based token that grabbed the spotlight earlier in the year, was the top seen cryptocurrency on the cryptocurrency ranking website CoinMarketCap.
The coin that was dubbed the joke coin, and which was later crowned the top-performing cryptocurrency of the year has received a staggering 188 million viewers, confirming its position within the mainstream. It’s significantly higher than Bitcoin (145 million) and the runner-up Dogecoin (107 millions). Ethereum and Cardano are in fourth and fifth place with 86.5 million and 81 million views, respectively.
More than 1.4 million CoinMarketCap users have added Shiba Inu to their watchlists.
According to digital intelligence firm Similarweb, CoinMarketCap, which was acquired by crypto giant Binance in April 2020, has a remarkable 340 million monthly visits.
Shiba Inu has now been listed by nearly all major exchanges, which includes Coinbase, Bitfinex, Kraken and Gemini. According to stated on U.Today, Bitstamp, the most popular exchange in Europe is expected to add the support of SHIB in 2022, after delaying this listing in the wake of technological issues.
According to data provided by local exchanges, the Dogecoin competitor Shiba Inu was among the most traded cryptocurrencies in India.
Although SHIB has dropped 56.57 percent from its high and its popularity is not showing any indication of slowing down. In the last 24 hours, it’s exceeded 1 billion dollars in trade volume.
Shiba Inu surged into the top ten in late October, during the height of the mania, and then temporarily surpassed Dogecoin.
Read Also: Indian Parliament Winter Session Ends Without Any Crypto Bill
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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