Interest in the keyword “Buy SHIB” on Google has reached a 3-month high. It seems that interest in memecoins, dog-themed altcoin projects, has not waned. According to figures from Google Trends, a website that analyzes the popularity of online search queries, interest in the search term “Buy SHIB” has reached a 3-month high on Google Search. Detail cryptocoin.com‘in.
Altcoin exploding on Google Search
Over the past 90 days, the search term in question has seen a sharp increase. It peaked on October 27 with the increase in interest that started at the beginning of August. The research also shows that most of the attention is now coming from Puerto Rico, followed closely by China and the United States. It is worth noting that the top 10 countries that use the search term are Slovenia, United Arab Emirates, Canada, Singapore, Pakistan, Philippines and Pakistan.
The interest in the Shiba Inu meme coin, the ninth largest cryptocurrency by market capitalization, is potentially driven by several factors, but the general hype around the coin and the extremely low token price could be the driving factor behind the increased demand for the asset. Also, just as recently as 28 October this year, SHIB reached the milestone by surpassing 800,000 owners, making itself even more attractive to investors. This happened shortly after the dog-themed coin overtook token rival DOGE in an event described as a “flip”.
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