Bitcoin may be the leader of the cryptocurrency market, but a meme coin is catching the attention of US investors. According to data from CoinGecko, the popular meme coin Shiba Inu is gaining a lot of attention in the US, India, and the Philippines.
Shiba Inu is the most popular crypto in these countries, not Bitcoin!
Leading cryptocurrency fundraising platform CoinGecko has shared new data this year showing increased interest in the meme-based token Shiba Inu. The data comes from a study conducted by CoinGecko to identify the most popular meme-based token by top 10 countries and regions with high interest in meme coins.
1/ Which countries are most interested in meme coins?
Our recent study shows that the #UnitedStates is leading the meme coin craze, accounting for 23.6% of the interest in 2023 so far with over 2M views of the top meme coin pages.
Read the full study: https://t.co/KI4AghcAiz pic.twitter.com/aMXthJKkIm
— CoinGecko (@coingecko) May 3, 2023
According to today’s report by CoinGecko, Shiba Inu has surpassed PEPE with an 11.8% share in the US. Thus, revealing the country’s interest in meme-based cryptocurrencies. SHIB was the most popular meme coin in the US with a rate of 60.78%.
In a similar development, the Shiba Inu became India’s most popular meme coin. Accordingly, SHIB accounted for 55.8% of the country’s interest in meme coins. Also, Shiba Inu garnered 18.3% of interest in meme coins in the Philippines. Thus, it became the second most popular meme-based cryptocurrency in the country.
Shiba Inu sits in front of BabyDoge
According to CoinGecko, people are much more interested in SHIB this year than any other meme coin. CoinGecko announced that SHIB has a share of 46.7% among the most popular meme-coins in 2023.
Other meme coins like Baby DogeCoin (BabyDoge), Pepe (PEPE), Floki Inu (FLOKI) and Bonk (BONK) lagged far behind Shiba Inu in the rankings. BabyDoge in particular attracted 12.3% of interest in meme coins this year. Pepe 9.4%, Floki Inu 8.6% and Bonk 8.2% from the top 10 countries that pioneered the meme coin craze.
Coinecko also explained the methodology used in the research. Accordingly, it examined the total pageviews to date (YTD) for the 15 largest meme-coins on its platform. The growing interest in the Shiba Inu is also reflected in different areas, including the number of Shiba Inu followers on Twitter, which has recently reached 3.7 million. Notably, the interest in the Shiba Inu has exceeded the number of page views the coin has received on CoinGecko.
Beyond Bitcoin, SHIB things that make you popular
Not surprisingly, Shiba Inu was ranked as the most popular meme coin in CoinGecko’s latest ranking. The Shiba Inu has been in the news for the right reason since the beginning of the year. Despite the ongoing bear market, cryptocoin.com As you follow, SHIB has increased by 22.3% to date. This increase is due to numerous positive developments in the cryptocurrency ecosystem.
Earlier this year, Shiba Inu released a beta version of Shibarium, a layer-2 scaling solution. The project has gained widespread acceptance since its debut in March. Data from PuppyScan shows that more than 14.05 million wallets are connected to the network. In this context, a total of 4.71 million transactions have been recorded so far. Shibarium Beta has a total block count of 655,506 and an average block time of five seconds.
Also, the Shiba Inu burning campaign is in full swing. Accordingly, millions of SHIB tokens go to burn wallets every day. This helps the Shiba Inu gain momentum. Yesterday, a new mystery wallet burned 2.005 billion SHIB tokens. In April alone, the Shiba Inu community burned 3.26 billion SHIB in different transactions.
Meanwhile, crypto whales continue to buy SHIB in large quantities on a regular basis. As reported today, one of the Shiba Inu whales added 221 billion SHIB, 348B in 7 days. Based on these positive developments, crypto investors worldwide are watching the Shiba Inu more closely than Bitcoin.
