Crypto analyst ClayBro in one of his latest YouTube videos shiba inu(SHIB) is considered one of the most popular cryptocurrencies in America. The analyst also explained that due to this popularity, SHIB could become one of the most successful cryptos during the next bull cycle.
In the YouTube video, Bitcoin (BTC), SHIB and Dogecoin (DOGE) are the most popular in America. cryptocurrency stated as units. He did, however, refer to a recent study conducted by Cryptobedding.com. The study analyzed research volume data among the top 100 cryptocurrencies by market cap.
The report also revealed that BTC continues to dominate the crypto world with 1.91 million monthly searches. Often referred to as the “Dogecoin killer”, SHIB ranks second with 484,000 monthly searches, while DOGE is positioned as the third most popular crypto with 280,000 monthly searches.
The popularity of these coins is expected to play an important role when the bull market returns, as investors want to take advantage of the rising prices. Speculation and popularity often drive prices in the crypto world, and the study’s findings suggest that individuals will likely gravitate towards coins they are familiar with.
While the crypto market awaits the bull market, investors bitcoinIt is expected to be ready for potential growth as SHIB is one of the most well-known and popular coins in the US. Meanwhile, CoinMarketCap noted that SHIB is one of many cryptocurrencies that have seen its price soar in the past day.
As of writing, SHIB is worth approximately $0.000008016 after a price increase of more than 6% over the past day. This put SHIB’s weekly performance even greener, pushing it to +10.82%. SHIB’s 24-hour trading volume was up more than 190% to stay around $220,327,314.