shiba inu (SHIB) even surpassed Bitcoin with its tremendous rise in 2021. The meme coin, which surpassed all other cryptos in terms of social media growth, was also the most watched cryptocurrency on CoinMarketCap.
However, the latest data published by Finbold, GoogleIt reveals that the key phrase “buy Shiba Inu coin” in .
Since peaking on October 29, 2021, interest in that key phrase has declined by 92% as of January 29, 2022, falling to a score of “8 Google Trends”.
Interestingly, among the top 10 countries that showed the most interest in the key phrase in question, Nigeria ranked first, Qatar second, and North Macedonia third.
Google Trend score logic works between 0 and 100. For this scoring indicator, which indicates online search interest, 100 points indicates most interest and 0 points no interest.
The current bearish sentiment in both the cryptocurrency and the stock market seems to have had an impact on many altcoins. The vast majority are trading well below their all-time high. This is a general lack of interest in the crypto market.
Not Just Shiba Inu Interest Has Died
While it is known that the market value of the Shiba Inu has shrunk by $3.5 billion in just one week between January 1st and January 8th 2022, it is worth mentioning that the coin has been a victim of the general market crash.
However, despite the recent surge in SHIB’s popularity, the meme token continues to attract a lot of attention from a certain community.