Bitcoin has visibly taken a backseat as several other cryptocurrencies like Shiba Inu [SHIB] have been emerging stronger.
The first and the largest cryptocurrency, Bitcoin paved the way for the arrival of thousands of cryptocurrencies. From meme coins to DeFi tokens, everyone sought inspiration from the OG cryptocurrency. While many have migrated into the different networks, some have remained Bitcoin loyalists.
In 2021, Shiba Inu, a dog-inspired asset, gained center stage. Several dog-themed coins have made their debut in the market. BabyDoge coin, Floki Inu [FLOKI], and a few others. None of them, however, could match SHIB’s popularity. In terms of popularity, the cryptocurrency now appears to be eclipsing Bitcoin.
Prominent cryptocurrency exchange, KuCoin shared the results of its weekly search popularity. It was revealed that Shiba Inu was the most searched crypto this week. Bitcoin, stood second while others like Ethereum [ETH] and XRP were far behind.
Recently, another crypto exchange, Gemini carried out a poll asking the community about their favorite dog-themed asset. Despite being the OG meme crypto, Dogecoin [DOGE] stood no chance before Shiba Inu.
Shiba Inu emerged as a clear winner with 77.5 percent out of 14,657 votes. ELON took over second place with only 12.3 percent of the votes. Dogecoin accounted for only 10.3 percent.
Popularity doing no good to Shiba Inu’s price?
Shiba Inu is the undefeated champion concerning popularity. However, the price of the 15th largest cryptocurrency isn’t doing as well as expected.
During press time, SHIB was trading for $0.00002194 with a 2.42 percent surge over the last 24-hours. However, over the last couple of days, the asset had a major fall of nearly 10 percent.
The altcoin is widely accepted in several places, however, the daily trading volume of the coin remains at $663.13 million. Additionally, the total number of token holders was also depreciating. 1.2 million holders was still a dream as its current numbers were at 1,184,525.