Crypto

Social Media Mentions of the Shiba Inu (SHIB) Increased by 16,000% in 2021

Social Media Mentions of the Shiba Inu (SHIB) Increased by 16,000% in 2021

In 2021, social media mentions of the Shiba Inu (SHIB) increased by 16,000 percent (Research)

In terms of social media mentions, SHIB grew at a rate of 16,000 percent in 2021.

Another year has passed, and the cryptocurrency industry has seen a variety of intriguing developments come and go. The fad of meme coins, led by none other than Shiba Inu, has undoubtedly had a long-lasting impact (SHIB).

According to a new analysis from Global Data, social media conversations about Shiba Inu (SHIB) have surged by a whopping 16,000 percent in 2021.

According to this statistic, the meme-inspired cryptocurrency and self-proclaimed Dogecoin killer will outperform every other coin on the market in 2021.

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Smitarani Tripathy, a Senior Social Media Analyst at Global Data, commented on the topic, stating that “social media talks about crypto as a topic rose year-on-year by more than 400% in 2021.”

Indeed, in terms of overall cryptocurrency acceptance, the year has been a huge success, aided by a big bull market that saw Bitcoin’s price reach a new all-time high of $69K.

Despite the massive increase in social media discussions, SHIB is still a long way behind Bitcoin.

According to the study, BTC is the most popular cryptocurrency, with around 900K talks, followed by Ethereum with 305K and Dogecoin with 150K.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.