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Shiba Inu (SHIB) is the 3rd most-watched cryptocurrency in 2022 – Report

Shiba Inu (SHIB) is the 3rd most-watched cryptocurrency in 2022 - Report

Amid a difficult period for the cryptocurrency market, some digital assets have been recording increased interest coming from crypto traders, including the dog meme token Shiba Inu (SHIB), which has been ranked as one of the most interesting cryptocurrencies in 2022.

According to the data acquired by the world’s largest crypto exchange Binance, Shiba Inu is among the top three most watched cryptos in 2022, placing it in the company of the largest digital assets by market capitalization – Bitcoin (BTC) and Ethereum (ETH), as the crypto exchange stated in a tweet on December 18.

Binance’s top 3 most-watched cryptos in 2022. Source: Binance

Interest continues to grow

At the same time, SHIB has assumed the position of the fifth most viewed cryptocurrency over at CoinMarketCap in the previous 24 hours, preceded only by Bitcoin, BNB, Ethereum, and Terra Classic (LUNC).

By this indicator, Shiba Inu has beaten the likes of XRP, Solana (SOL), Cardano (ADA), Tether (USDT), Dogecoin (DOGE), as well as Polygon (MATIC), in the number of recent views received by CoinMarketCap visitors.

Most viewed cryptocurrency pages in the last 24 hours. Source: CoinMarketCap

On top of that, SHIB has been recording a growth in the number of holders, adding about 7,083 of them since November, as Finbold reported on December 11. In the meantime, it has added another 8,956 holders, at press time standing at 1,267,276, as per Etherscan data.

Previously, the Shiba Inu network had swollen by nearly 51,000 token holders during the period between October 20 and November 20, according to the CoinMarketCap data retrieved by Finbold on November 21.

Shiba Inu price declines

Notably, the interest in Shiba Inu has been growing in 2022 despite the token losing 73.64% since the year’s turn, specifically dropping from $0.000033, where it stood on January 1, 2022, to the current $0.000008714.

Shiba Inu year-to-date (YTD) price chart. Source: Finbold

Meanwhile, the token’s price at press time reflects an increase of 3.09% on the daily chart but still a decline of 1.99% across the previous week and 3.86% as compared to the previous 30 days, according to the data retrieved on December 19.

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