According to Google data, the focus of individual cryptocurrency investors is not Bitcoin, but the popular meme coin Shiba Inu (SHIB). The surge in interest coincides with SHIB’s record. Here are the details of the surprising data…
Bitcoin lagged behind SHIB
Data from the latest Google searches show that retail investors, who have always played a prominent role in the cryptocurrency space, are not interested in Bitcoin but their new favorite Shiba Inu (SHIB). According to Trends data, the number of queries containing “Bitcoin” or “Buy Bitcoin” on the world’s largest search engine is still relatively low. However cryptocoin.com As we have also reported, BTC has reached an all-time high in the past weeks. So, while previous records were thought to be mostly due to individual investors, this time it seems to be different.
On the other hand, Google Trends data shows that smaller investors are not looking for BTC, Ethereum, Ripple or Binance Coin. Now investors are looking for the self-proclaimed Dogecoin (DOGE) killer Shiba Inu (SHIB). As the chart above shows, the Shiba Inu’s estimated weekly inquiries have surpassed the previous record high that came earlier this year. The rise in the search volume coincided with the price of SHIB reaching an all-time high. SHIB recently made ATH with $0.00008616. It is currently trading at $0.00007171.
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