Amid the ongoing panic in the crypto markets, the Shiba Inu could be unexpectedly bullish. Earlier today, according to popular crypto site Whale Rumors on Twitter, ‘#SHIB’ became the most mentioned hashtag in the past 24 hours, and SHIB’s social media dominance has been reaffirmed. Additionally, towards the end of the day, it was revealed by crypto website Watch Guru that #SHIB was actually the “most mentioned hashtag in a 72-hour period.”
6 Most Mentioned Crypto Hashtags In The Past 24 hours:
one. #SHIB
2nd. #dogecoin
3. #Saitama
4. #Floki
5. #SafeMoon
6. #BabyTK— Whale Rumors (@WhaleRumors) December 18, 2021
Shiba Inu’s hashtag took the top spot, followed by meme token rival Dogecoin. This shows that the close competition between the leading meme-coins continues.
SHIB is currently trading at $0.000032 with a 24-hour trading volume of $1.11.17.58,777. The altcoin has been in a downtrend since its monthly high at the end of November. However, the trending meme token may emerge shortly after a month of price slump through increased whale accumulation and increased social media dominance.
Shiba Inu dominance in all areas
Although Shiba Inu is a meme token, it is frequently mentioned with new developments. Last month, Shiba Inu’s team announced their private venture by entering the metaverse. Shiba Inu announced that it will collaborate with William David Volk, former vice president of technology at Activison, the developer of popular video games. Famous video games developer Volk will provide consultancy for Shiba Inu’s NFT-based play-to-win game.
Metaverse development will begin in the new year and will be built in-house by the SHIB team. Project leader Shytoshi Kusama also emphasized that their approach to Metaverse will be quite different from Facebook.
Also, SHIB has proven itself in the commercial sector with giants like AMC, the largest movie theater chain in the United States. Together with electronics retail giant AMC, Newegg announced that it will accept SHIB as a means of payment.
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.