Shiba Inu is arguably one of the most popular cryptocurrencies in the world right now. If you are familiar with the crypto space, it is likely that you have heard of the Shiba Inu coin. 2021 was an exciting year for the many cryptocurrencies. A lot of them including Bitcoin saw huge volume spikes and achieved new all-time highs.
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Shiba Inu Takes Over Bitcoin and Ethereum
2021 was also an excellent year for Shiba Inu. It attracted billions in investment and was among the top 10 largest cryptocurrencies in the world at one point. The end of the year for Shiba Inu is also quite pleasant as it is currently the most viewed cryptocurrency on Coinmarketcap.
It has overtaken Bitcoin and Ethereum and is sitting on top with a record 188 million views. Bitcoin is currently at the second spot with 145 million views and on number three is the fan-favorite Dogecoin with 107 million views. Ethereum came 5th with 81 million views lagging just behind Cardano ADA that garnered 86 million views and stole the 4th spot.
The list went as follow:
- Shiba Inu
- Cardano ADA
As of now, Shiba Inu is ranked the 13th largest cryptocurrency in the world with an impressive market capitalization of $20 billion. From being labeled a meme-token, Shiba Inu achieved success from nowhere. It attracted billions in investment and became an actual threat to some major altcoins.
Shiba Inu’s Fan Base and Elon Musk
The success of Shiba Inu is credited to its fan base and strong community. The popular meme crypto trended frequently on social media platforms and went crazy viral with hashtags like #ShibArmy. Tesla’s CEO Elon Musk also showed plenty support for the Shiba Inu on Twitter. It is one of the main reasons behind its popularity.
The demand for Shiba Inu became so high at one point that even Binance decided to list the token despite its “meme-token” reputation. It would be quite interesting to see whether Shiba Inu will sustain this momentum in 2022 or is headed towards its inevitable decline.
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