Shiba Inu Enters Top 3 Most Popular Coins in Q1 2023 After BTC and BABYDOGE

CoinMarketCap’s Q1 2023 report ranks Shiba Inu (SHIB) as the most viewed cryptocurrency on its platform, behind only Bitcoin (BTC) and Dogecoin (BABYDOGE).

The report revealed that global investors are paying attention to memecoin due to the recent price action.

Shiba Inu on the heels of Bitcoin’s popularity

The Shiba Inu’s popularity has reportedly skyrocketed across different continents — including North and South America, Asia, Africa, Oceania and Europe. Memecoin gets more than 12.5% ​​of its views from residents of these continents excluding Europe – only 11.56%.

Meanwhile, North America is the center of SHIB dynamics – with 20.39% of views among cryptocurrency traders in the region.

However, BTC took the top spot – being rated as the most viewed and most viewed coin across different continents. BTC has the least number of views in South America at 36.78%, while Shiba Inu is just behind Baby Doge Coin.

CoinMarketCap also found that more than 1.84 million users added Shiba Inu to their watchlist to track the memecoin’s movements in real time — up from 1.809 million users in December 2022.

SHIB Price Rises on Surge in Ecosystem Activity

The Shiba Inu community saw a rapid increase in activity in March, especially after the launch of Shibarium — the Puppynet testnet.

Shibarium Puppynet has received great support from the Shina Inu community – adoption has steadily increased since its release on March 11. Puppy Scan data shows that Puppynet has recorded more than 101,115 wallets and more than 828,530 transactions.

Source: Puppy Scan

According to CoinMarketCap data, the price of Shiba Inu has increased by 1.8% in the past 24 hours. At press time, SHIB was trading at $0.00001145, a seven-day return of 9.1%, while its trading volume was up 175.83%.

Source: Tradingview

  • Shiba Inu (SHIB) Price May Fall Further to Find Support
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board take

As reported by Cointelegraph

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