Shiba Inu was the most popular cryptocurrency in 2021, defeating Bitcoin, Dogecoin, Ethereum, and other cryptocurrencies. The popularity of this crypto asset grew primarily among young investors. Bitcoin may have earned the title of “most popular cryptocurrency in the world,” but Shiba Inu has dominated the crypto exchange platform for the past 12 months.
The cryptocurrency price tracking website CoinMarketCap reports that “Shiba Inu was the most viewed coin in 2021.” The fact that Shiba Inu is a fork of an already existing meme coin, Dogecoin, may come as a shock to some, but it’s the truth.
Shiba Inu (SHIB) is a cryptocurrency that is no longer considered a scam, and it is much more now. SHIB, which arose from a dog meme and was dubbed the “Dogecoin killer,” became the most popular cryptocurrency in 2021, surpassing Bitcoin and even Ethereum.
“During 2021, the Dogecoin spinoff registered 188+ million views,” according to CoinMarketCap, “while apex cryptocurrency Bitcoin ranked second with 145 million views.”
SHIB is now the world’s 13th largest cryptocurrency, with a market capitalization of nearly $20 billion.
With 107 million views, Dogecoin, a popular cryptocurrency on crypto exchange platforms. Then, has risen to third place among the most popular cryptocurrencies. Cardano had roughly 86 million views, while Ethereum received 81 million views.
Musk has spoken out about meme coins, notably Shiba Inu, a lot in the last year. He approved a Shiba Inu dog and tweeted about it, causing the price of Shiba Inus to skyrocket. “Shiba Inu gained more than 188 million views throughout the last 12 months,”
That’s, according to CoinMarketCap, “and the person credited for this is Elon Musk.”
Musk released a graphic of the Shiba Inu meme landing on the moon on October 18, 2021. The token was trading at $0.000026 at the time and on that occurrence (Rs 0.0020). The coin increased by roughly 50% after his tweet, reaching a high of $0.000044. (Rs 0.0033).
Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul
