Research firm ICO Analytics claimed in its recent report that Dogecoin rival Shiba Inu has emerged as the most popular cryptocurrency on Twitter. The analysis firm shared data for the month of October that showed Ether, Bitcoin and Dogecoin ranked second, third and fourth respectively on the Twitter Popularity Index. In fact, the report noted that while SHIB’s share of popularity on Twitter was 22 percent, bitcoin had a significantly lower 8.1 percent. Evolution seems to have added another feather to the cap of the Shiba Inu meme-coin, which is being marketed as a Dogecoin-killer.
As per the graph shared by ICO analytics, Safemoon, Solana, cardano, and the Binance token was also one of the ten most talked about crypto coins on Twitter. But no cryptocurrency even came close to the popularity of SHIB.
While the first and second most valuable cryptocurrency in the world — Bitcoin And ether — were trading at or near their all-time highs on Wednesday, Shiba Inu Per token was trading at $0.00005395 (approximately Rs.0.0040), CoinMarketCap data It shows, On October 25, the Doge coin increased in value by 50 percent and registered itself as the 11th largest cryptocurrency coin by market cap.
In recent days, SHIB supporters have been raising their voices on the social networking platform as tokens being pitched directly against it. dogecoin, Supporters are using hashtags like #SHIBARMY #ShibaSwap #shibainu, and #SHIB to rally in support of Shina Inu on Twitter.
Earlier this month, the CEO of US-based AMC Theaters posted a poll on Twitter asking people whether SHIB should be accepted as a payment option for movie tickets. 81.4 percent of accounts voted “yes” in support of the SHIB token out of a total of 1,53,100 votes.
A few days old, but this “small” will result in massive price increases over a few years. The difference between DOGE and SHIB is that $DOGE There is an infinite amount. $SHIB Burns out over time, reducing supply, increasing demand and price! $SHIB is a big long term winner IMO! https://t.co/2CuOql3Ijm
— Father Bull Trades (@FatherBT) November 1, 2021
Launched in August 2020, the Shiba Inu token was created by a pseudonymous Ryoshi. Modeled after Dogecoin, the mascot of the SHIB token is a cartoon form of the face of a dog belonging to the Japanese breed of Shiba Inu.
According to CoinMarketCap, the SHIB token currently has 942,941 wallets, of which 14,645 are active addresses. The SHIB token supply limit is one quadrillion and the token is under active development.
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