Shiba Inu is the third most googled crypto in 2021, new study shows

28 Oct 2021, 01:26 · Views 89

Shiba Inu is the world’s third most googled cryptocurrency in 2021, a new study shows, as the meme coin climbs to its all-time high.

Shiba Inu has received 2.8 million searches on average per month so far in 2021, according to a recent study by Bacancy Technology. That compared with 22 million average monthly search volume of bitcoin and 6.3 million of ethereum.

Another Dog-themed coin Dogecoin DOGEUSD, -7.82%, ranked sixth, according to the study.

SHIB reached an all-time high of $0.0000497 earlier Tuesday. The cryptocurrency most recently traded at $0.000047, notching a 14.1% gain in the past 24 hours and a 72% gain in the past seven days, according to CoinDesk data.

The token posted a gain of 579% over the past 30 days, pushing its total market capitalization to $18.7 billion, the 11th largest among all cryptocurrencies.

Shiba Inu’s decentralized exchange Shiba Swap, which was launched in July, saw a jump in its trading volume in October, recording an all-time high of $452 million on Oct. 7, according to data from its website. It recorded an volume of $100.6 million on Monday.

Bitcoin BTCUSD, -4.76% recorded a 1.3% loss in the past 24 hours, recently trading at $61,986. Ether was trading at $4,208, 3.9% below its all-time high of $4,379 in May, according to CoinDesk data. Dogecoin recently traded at $0.27, down 0.3% over the past 24 hours.

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Shiba Inu is the third most googled crypto in 2021, new study shows

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