Shiba Inu (SHIB) Saw 16,000% Surge in Social Media Mentions in 2021 (Research)


Another yr has handed, and we noticed a lot of thrilling traits come and go within the cryptocurrency market. One that absolutely had a long-lasting affect is the pattern of memecoins led by none apart from Shiba Inu (SHIB).

New analysis performed by Global Data reveals that the social media conversations, together with Shiba Inu (SHIB), have elevated by a whopping 16,000% in 2021.
By this metric, the meme-inspired cryptocurrency and self-proclaimed Dogecoin killer dwarfs each different coin in the marketplace throughout 2021.
Commenting on the matter was Senior Social Media Analyst at Global Data, Smitarani Tripathy, who stated that “social media conversations around crypto as a topic surged year-on-year by more than 400% in 2021.”
Indeed, the yr has been a significant success when it comes to general cryptocurrency adoption, which was, maybe, propelled by the huge bull market that noticed Bitcoin’s worth high $69K as a brand new all-time excessive.
Despite the staggering progress in social media mentions, although, SHIB remains to be nowhere close to Bitcoin.
The analysis outlined that BTC is within the lead with near 900K discussions, adopted by Ethereum with 305K and Dogecoin with 150K.

Trending Cryptocurrencies in 2021. Source: Global Data
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