Known as a copy of Dogecoin (DOGE) Shiba Inu (SHIB), It broke a price record in a short time, and this whole adventure actually made it one of the most sought-after cryptocurrencies on an annual basis.
Shiba Inu is on the Most Wanted List
According to information transmitted by Bacancy Technology SHIB It became the third most sought-after cryptocurrency in 2021.
It turned out that SHIB received an average of 2.8 million searches each month this year. The leading cryptocurrency, Bitcoin, is in the lead with 22 million average monthly searches. Ethereum comes in second place with 6.3 million searches.
Shiba Inu’s price performance made it the 8th largest cryptocurrency for a short time, surpassing both DOGE, UNI and LUNA.
SHIB price went up to the level of $0.000088, in fact, it has increased by 800% in the last 3 months, and this huge rise has also fueled the searches related to it.
The constant burning of SHIB, the NFT collection called Shibotoshi, and Shiba’s own decentralized cryptocurrency exchange obviously had a positive impact on the price of SHIB.
Despite this, Elon Musk’s statement that he did not hold any SHIB led to a serious decrease in the price, but the new record came despite this.
DOGE experienced a similar situation in the past months, and its price fell sharply afterwards. For this reason, many people are currently considering whether the SHIB price will suffer a similar fate.