Shiba Inu Beats Bitcoin, Ether and Dogecoin as Most Popular Cryptocurrency on Twitter: Report

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Dogecoin rival Shiba Inu has become the most popular cryptocurrency on Twitter, research firm ICO Analytics claims in its latest report. The analyst company released data for October showing that Ether, Bitcoin and Dogecoin ranked second, third and fourth in the Twitter popularity index, respectively. In fact, the report said that SHIB’s share of popularity on Twitter was 22 percent, but Bitcoin’s was significantly lower at 8.1 percent. The development seems to have added another feather to the cap of the Shiba Inu meme coin, marketed as the Dogecoin killer.

According to the graph shared by ICO Analytics, Safemoon, Solana, Cardano and Binance tokens were also among the top ten most talked about crypto coins on Twitter. But none of the cryptocurrencies came close to the popularity of SHIB.

While the world’s first and second valued cryptocurrencies – Bitcoin and Ether – traded at or near their all-time highs on Wednesday, Shiba Inu was trading at $ 0.00005395 (approximately rupees 0.0040) per token, CoinMarketCap data revealed. On October 25, the value of the dog coin rose by 50 percent and registered itself as the eleventh largest cryptocurrency coin by market value.

In the past few days, SHIB supporters have been voicing their voices on social networking platforms as the token was played directly against Dogecoin. Supporters use hashtags like #SHIBARMY #ShibaSwap #shibainu and #SHIB to gather support for Shina Inu on Twitter.

Earlier this month, the CEO of AMC Theaters in the US posted a poll on Twitter asking people whether SHIB should be accepted as a payment option for movie tickets. Of the 1,53,100 votes that the survey received, 81.4 percent of the accounts voted “Yes” for the SHIB token.

A few days old, but something that “small” would lead to a massive price increase over the years. The difference between DOGE and SHIB is that $ DOGE has an infinite amount. $ SHIB burns up over time, decreases supply, increases demand and increases the price! $ SHIB is imo a big long-term winner! https://t.co/2CuOql3Ijm

– Father BullTrades (@FatherBT) November 1, 2021

Introduced in August 2020, the Shiba Inu token was created by someone using the pseudonym Ryoshi. The mascot of the SHIB token, which is modeled after Dogecoin, is a caricature representation of a dog’s face of the Japanese breed Shiba Inu.

According to CoinMarketCap, the SHIB token is currently held by 942,941 wallets, 14,645 of which are active addresses. The supply limit of the SHIB token is one quadrillion and the token is in active development.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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