SHIB is the most-viewed cryptocurrency on CoinMarketCap in 2021, BTC ranks 2nd

6 months ago
2 mins read

Meme token Shiba Inu (SHIB), despite being ranked 13th among the top 200 cryptocurrencies by market capitalization, has been one of the most popular digital assets in the cryptocurrency space for most of 2021.

Indeed, the decentralized token built on the Ethereum network is the most viewed digital asset among the top 200 cryptos with 188,019,378 views as of December 25, on CoinMarketCap, a cryptocurrency tracker used for checking real-time coin prices, volume, and the supply of coins.

Elsewhere the markets-leading digital asset Bitcoin (BTC) is in second place with 145 million views. In comparison, the original dog coin and SHIB rival Dogecoin (DOGE) is ranked third with over 107 million views.

Most viewed cryptos in 2021. Source: CoinMarketCap

Meanwhile, popular smart contract platforms Cardano (ADA) and Ethereum (ETH) ranked fourth and fifth, respectively, with the data for all cryptos coming from web views only.

SHIB interest grows 16,000% on social platforms 

Interestingly, a recent study has revealed that SHIB is the biggest gainer by social media growth in 2021, eclipsing other trending coins with social media talks around SHIB increasing by 16,000% in 2021.

The growth figure is based on the number of mentions in 2020 and 2021 on both Reddit and Twitter as of December 9, 2021.

One of the most notable increases in social media talks around Shiba Inu was spurred by market speculation about the token’s prospective listing on Robinhood, which drove traders to demand the asset to be listed via a petition, causing the asset’s price to hit a new record high.

SHIB building use cases 

SHIB aims to move away from its meme token stigma to an asset with real use cases with applications relevant to the crypto space, such as a new play-to-earn non-fungible token (NFT) game.

Owing to its dramatic increase in popularity in recent months, SHIB is presently the fourth most popular cryptocurrency globally on Twitter, with 2.3 million followers.

Currently, the digital asset is trading at $0.00003742, down 1.99% in the last 24 hours but up 18.63% over the past seven days with a total market worth of $20.5 billion.

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Jordan Major

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.