Shiba Inu, one of the popular meme coins, has experienced many ups and downs since last year. The volatile nature of SHIB is also reflected in Google searches. Shiba Inu (SHIB)Interest in the meme coin is also on a downtrend as coin continues to struggle against a significant price correction.
The market as a whole is trading in red. In addition, interest in SHIB currently contradicts the trend seen in 2021. The data shows that Google searches for the keyword ‘Shiba Inu’ have dropped to a one-year low in the last 12 months.
Koinfinans.com As we reported, when we look at Turkish searches, it is seen that Shiba Inu searches reached 0 out of 100 popularity points during the week of July 10-16. A popularity score of 100 represents the highest level.
A similar situation exists for SHIB searches around the world. However, it can be said that worldwide searches are higher compared to Turkey. Interestingly, despite the declining interest worldwide, some countries are still showing interest in the meme coin. Investors from the Netherlands top the list with a high popularity score of 100, followed by investors from the USA with 98. Nigeria, Canada and Australia have scores of 89, 84 and 81 respectively.
The declining interest in SHIB appears to be consistent with the falling value of the meme coin. The value of SHIB has declined by more than 70% in 2022 and the majority of its investors are now at a loss.
On the other hand, amid the market downturn, the meme coin gained more than 20,000 new investors between June 12 and July 11, and the number of Shib addresses with a valuation of 1,213,354 as of July 26 continues to rise.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.