Frenchmen view Shiba Inu as one of the most desirable crypto

Sahana Kiran
Shiba Inu
Source – Unsplash

Meme coins like Shiba Inu [SHIB] and Dogecoin [DOGE] were emerging as a favorite among several crypto traders from crypto traders across the globe. Meme coins were garnering the attention of not just the average Joe but also celebrities, politicians, and even prominent firms. Now, It was all ca va for Shiba Inu, Dogecoin in France as well with the meme coins joined top assets as the most desirable cryptocurrencies.

Cryptocurrencies had certainly reached every part of the globe. France was just jumping onto the crypto bandwagon. As per a report curated by KPMG France, it was revealed that Bitcoin [BTC], Shiba Inu, Dogecoin, Binance Coin [BNB], Polkadot [DOT], Ethereum [ETH] as well as Bitcoin Cash [BCH] were considered the most desirable cryptocurrencies in the region.

Most of the aforementioned coins have been in the market for quite some time and entail big market caps. However, Shiba Inu, despite being new, bagged a prominent spot.

This isn’t the first time that SHIB was making noise in France. Previously, it was discovered that Shiba Inu was being accepted as payment at a French bistro in the city of Paris. This is was much before the fervor around SHIB took off.

At press time, Shiba Inu was trading for $0.00003063 with no major fluctuations over the previous 24-hours. Additionally, the meme coin’s market cap was at $16.8 billion.

Shiba Inu not the first choice yet?

The report further sheds light on the overall interest in crypto among Frenchmen and women. Cryptocurrencies were more widely popular among men than women in the region.

At present, about 49% of the survey participants revealed that Bitcoin [BTC] was their first choice. This did not come as a shock as Bitcoin continues to remain the world’s largest cryptocurrency. Ethereum bagged the second spot as 29% of them eyed the largest altcoin.

Furthermore, the constantly highlighted risks surrounding cryptocurrencies have restricted several from entering the market. About 48% of them were hesitant about jumping onto the crypto bandwagon as they lack knowledge about the industry.