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SHIB is the most-searched digital asset on KuCoin, followed by SAND and BTC

SHIB is the most-searched digital asset on KuCoin, followed by SAND and BTC
Jordan
Major
10 months ago
3 mins read

Shiba Inu (SHIB) has risen to the top of the weekly search on cryptocurrency exchange KuCoin due to its increasing popularity and price increase over the last few months.

Indeed, the decentralized meme token SHIB was placed first in the top 10 currencies by weekly top searches on KuCoin as of December 6, 2021. The dog coin was followed by the Metaverse token The Sandbox in second and the market’s flagship digital asset Bitcoin (BTC) in third. 

Meanwhile, other popular cryptocurrencies like Binance Coin (BNB), Ethereum (ETH), Solana (SOL), and Cardano (ADA) also feature in the list of top 10 cryptocurrency searches.

KuCoin trending coins. Source: KuCoin

Shiba Inu price

Although SHIB is now the most searched asset on KuCoin and is currently listed on all top 10 major crypto exchanges following its uplisting on Kraken, in general, the craze around the meme cryptocurrency Shiba Inu looks to be waning, as the token has seen a considerable 40% reduction in the number of transactions.

As we previously reported, transactions fell 42.27% to 802,183 in November from an all-time high of 1,389,574 in October, according to statistics released by crypto intelligence platform Bloxy.

Notably, the number of transactions increased by 363.33%, from 0.3 million to 1.39 million between September and November (rounded figures). 

Currently, Shib is trading at $0.00003819, up 13.01% in the last 24 hours and down 23.52% in the last seven days with a market cap of $20.7 billion.

SHIB 1-day price chart. Source: CoinMarketCap.com

Elsewhere, The Sandbox is now trading at $5.61, up 12.21% on the day but down 17.60% in the past week, with a market capitalization of $5.12. SAND is still a long way from its all-time high of $8.40 set in the wake of the Metaverse hype.

Lastly, it comes as no surprise that Bitcoin is the third most searched coin; the number one cryptocurrency recently climbed back above $51,000, adding over $70 billion to its market cap in less than 24 hours.

Despite Bitcoin’s sharp decline recently over the weekend, witnessing a 16% drop, the hash rate of the assets mining has grown, demonstrating that mining activity has not been influenced by price fluctuation.

In fact, many in the crypto space are still bullish on the digital asset, with Alex Mashinsky, CEO of cryptocurrency lending platform Celsius Network, maintaining that Bitcoin might hit a new high of around $140,000 before Q2 2022.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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