Shiba Inu Was The Most Observed Cryptocurrency In 2021, Exceeding Bitcoin: CoinMarketCap

It should be noted that SHIB is currently the 13th largest crypto currency in the world, with a market capitalization of more than $ 20 billion.
Inspired by a dog meme and made as a ‘Dogecoin killer’, SHIB was the most popular crypto in 2021, defeating the likes of Bitcoin and even Ethereum, announced the cryptocurrency price tracking website CoinMarketCap.

According to CoinMarketCap, the Dogecoin spinoff recorded more than 188 million views over the past 12 months, while the apex cryptocurrency Bitcoin came second with 145 million views by 2021. It should be noted that SHIB is currently the 13th largest cryptocurrency in the world, with a market capitalization of more than $ 20 billion.

Meanwhile Dogecoin ranks third among the most lucrative revenues with 107 million views, while Cardano has an estimated 86 million views, with Ethereum receiving 81 million views.

The SHIB rise is thought to have been inspired after tech billionaire Elon Musk posted a picture of Shiba Inu meme heading to the Moon on October 18. At that time, the token was trading at $ 0.000026 (Rs. 0.0020). His tweet pushed the coin almost 50 percent to reach the top of $ 0.000044 (Rs. 0.0033), according to the CoinMarket cap.

Another big reason and rumors circulating in the crypto world is that SHIB will soon be added to the list of a popular stock trading app, Robinhood. A letter of complaint to Change.org also urged Robinhood to write a coin in its place. Received about 3 lakh signatures.
Earlier, in October, data compiled by ICO Analytics revealed that Shiba Inu was the most dusccused crypto in October, accounting for 22 percent of all crypto assets transactions on the platform, making Ethereum a small percentage. -8,1 and Bitcoin at 7.2 percent.

On Twitter, SHIB fans have been raising their voices using hashtags like – #SHIBARMY #ShibaSwap #shibainu #shibainucoin, and #SHIB – to support the meme coin.

At the time, cryptocurrency Safemoon, Solana, Cardano, and Binance were among the most widely discussed crypto currencies on Twitter, according to a graph provided by ICO Analytics. However, no cryptocurrencies are even close to the SHIB popularity.

Interestingly, about 70.52 percent of the SHIB cycle is controlled by eight whale accounts, of which, one whale holds 41.03 percent. This means that all these whales made at least 800 percent profit from their investment, last month.