Investors have become very interested in Shiba Inu, according to data from Google Trends.
Retail investors have always played an important role in the cryptocurrency market, but they seem to have yet to fully believe in the continued boom in bitcoin. At least that's what new searches from Google Trends suggest. At the same time, retailers seem to have a new favorite - Shiba Inu.
Shiba Inu new hit or sh..t?
The number of queries on the world's largest search engine - Google - for the word "bitcoin" or "buy bitcoin" is still relatively low. And this despite the fact that BTC recently reached the latest ATH of as much as $ 67,000.
Other data from Google Trends shows that smaller investors are also still present in the cryptocurrency market, but are looking for information not about Bitcoin, Ethereum, Ripple or Binance Coin. They even forgot about the previous sensations of 2021 - dogecoin and SafeMoon. Instead, they are now primarily looking for information about DOGE's self-proclaimed killer Shiba Inu.
This coincided with the recent boom of the Shiba Inu, which was introduced to the market as the so-called meme cryptocurrency. This year it has seen an impressive increase in the course, but also in terms of community acceptance, including the huge SHIBArma - now represented and consisting of hundreds of thousands of Shiba Inu fans.
Cryptocurrency is arguably the best asset since the beginning of the year, with a staggering ROI of over 100,000,000% (yes, one hundred million percent!).
Nevertheless, it's worth warning you: the cryptocurrency community has seen many similar trends and designs appear and suddenly disappear. Many of them have caused human tragedies - especially those affecting those who are late to the party. This does not necessarily mean that Shiba Inu will suffer the same fate. However, it is in a way probable.
Let us add that future SHIBU investors should focus on carrying out appropriate research and analysis. And above all, to answer the question of whether it is worth investing in this type of project.
Today, 1 BTC costs about USD 61,800. It's 2 percent. more than yesterday and 1.2 percent. less already a week ago.
ETH is also doing well. 1 ether costs 1.6 percent. more than 24 hours ago and as much as approx. 5 percent more than 7 days ago.
For 1 coin of Shibu Inu today you pay 0.0000739 USD. It's about 12 percent. more than yesterday and as much as 85 percent. more than a week ago. I recommend checking out the current CoinMarketCap ranking is # 9 and the market cap is $ 41,692,388,250. Number of coins in circulation: 549 095 509 738 353 SHIB and the maximum number of coins in circulation is not available. And when there is no maximum coin count? Anything can happen .. What is still an interesting investment asset like DogeCoin before ..
