Google searches released last year show cryptocurrencies gaining popularity in the world’s conflict zones. Searches for Bitcoin had nearly topped the charts in Syria, Libya, and Palestine in 2021. The popularity of Ethereum and Dogecoin also spiked in Google searches among war-torn countries last year coming in second and third positions respectively. AskGamblers published a report this month on the most Googled cryptocurrency in Europe and shows that war-torn countries Russia and Ukraine have searched for Shiba Inu on Google the most. Bitcoin and Ethereum have come in second and third positions in both Russia and Ukraine respectively.
Read More: Here’s How Many ‘Zeroes’ Shiba Inu Deleted From May 2021 to 2022
Coming to all of Europe, Shiba Inu is the most Googled crypto in Switzerland, Denmark, Hungary, Italy, Austria, Portugal, Spain, and the United Kingdom. On the other hand, Bitcoin is the most Googled in Finland, Germany, Poland, Iceland, and Belarus among others. Apart from Shiba Inu, Bitcoin and Ethereum, Dogecoin has also made it to the top 4 positions.
The increase in popularity for Shiba Inu comes at a time when the crypto market faced severe corrections last week. Bitcoin slipped below the $29,000 mark and Shiba Inu was on the verge of adding an extra ‘zero’ in the indices. However, Bitcoin managed to claw back to $30,000 levels but is trading on the razor’s edge.
The market is yet to stabilize and fears loom that Bitcoin might crash again in the coming days or weeks. A crypto tycoon spoke exclusively to Watcher Guru predicting that Bitcoin could go as low as $11,000. You can read the Bitcoin ‘warning bells’ prediction here.
Read More: Here’s When Shiba Inu Could Actually Shoot up in Price
Shiba Inu: The Path Ahead
Shiba Inu has several developments up its sleeve which include the full release of SHIB: The Metaverse, ShibaNet, ShibaSwap 2.0, Shibarium, and two different games. Among all the developments, Shibarium is touted to be the most awaited as investors believe it could scale SHIB’s price sustainably.
Read More: Interest in Shiba Inu See A Dramatic Rise in European Countries
However, the launch of Shibarium is not revealed but might be released any time this year if all goes well. Shibarium will act as a layer-2 solution on the Ethereum blockchain and work towards lowing gas fees to its users. This could attract many more investors into the SHIB fold and help in scaling its price in the long run. Read here to know in-depth information about how Shibarium will operate in general for a better understanding.
At press time, Shiba Inu was trading at $0.00001263 and is up 2.93% in the 24-hours day trade. The token is down 85.5% from its all-time high of $0.00008616 which it reached in October last year.