In the vast realm of digital currencies, where Bitcoin and Ethereum have long reigned supreme, a new player is barking up the ladder. Once regarded as just another meme coin, Shiba Inu is now flexing its digital muscle. Based on recent data by Marketplace Fairness, Shiba Inu ranks fourth among the most searched cryptocurrencies on Google, trailing behind titans like Bitcoin, Ethereum, and XRP.
It’s intriguing to see the crypto market dynamics as Ethereum still dominates the search trends with 3,260,000 monthly searches. Following closely is XRP, registering at 1,250,000 searches per month. While the likes of Binance Coin and Tether might enjoy a larger market capitalization, in terms of popularity, Shiba Inu is the name on everyone’s screens.
It’s not just about numbers. Behind this coin lies a robust community that’s been instrumental in its growth. A vibrant, dedicated base of enthusiasts and investors propels Shiba Inu’s presence online.
However, with fame comes its share of problems. Shiba Inu’s community admin, RagnarShib, took to Twitter to clarify misconceptions swirling in the crypto corridors. Several exchanges have been under the impression of a Fantom chain version of SHIB, based on offers from a LinkedIn account claiming association with Shiba Inu.
SHIB HAS NO OFFICIAL LINKEDIN
— RagnarShib.eth (@RagnarShiba) October 10, 2023
One more thing that I want to make aware mostly to Exchanges. I continue receiving messages from listing managers from exchanges telling me they are receiving offers to list SHIB in the Fantom chain. There’s no FTM version of SHIB and there’s no…
RagnarShib was quick to debunk these claims, emphasizing that there’s no Fantom version of SHIB. Moreover, no official SHIB LinkedIn account exists. The only LinkedIn connection is through the Shib: The Metaverse project, overseen by Marcie, a Metaverse Advisor at Shiba Inu.
Shiba Inu trades at a modest $0.000007, witnessing a slight dip of 1.51% in the last 24 hours. Despite this, its market cap stands robustly at over $4 billion, securing the 18th spot on CoinMarketCap’s ranking.
Shiba Inu’s rise to prominence in the fast-paced world of cryptocurrencies is a testament to the power of community backing and sustained interest. As the digital coin landscape evolves, coins like Shiba Inu, backed by solid communities and clear communication, could leave an indelible mark.
