Shiba Inu Becomes Fourth Most Searched Digital Currency (Asset) In The United States

The recent update revealed that the Shiba Inu (SHIB) has assumed the fourth position among the most searched digital currency (asset) in the United States.

Per the analysis shared by the crypto specialists from Cryptomeister, a digital asset education resource.

Shiba Inu Becomes The Most Searched Asset in the USA

The study analyzed Google Trends data to determine the top five cryptocurrencies that each state in America wants to invest in based on search queries. Besides ranking fourth overall, Shiba Inu ranked as the third most searched term in West Virginia and Maryland. Bitcoin, Ethereum, and Dogecoin in most states only overtake SHIB.

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Aside from the research made by the crypto analyst Cryptomeister, DollarGreek, a personal finance resource, once revealed that Shiba Inu was the second most searched cryptocurrency in the United States in 2022, only below Bitcoin. According to the study, Americans made an average of 1.29 million monthly searches for Shiba Inu last year. The asset was also ranked third globally, below BTC and DOGE.

The series of positive updates concerning the assets has been a drive for massive demand. For instance, Binance unveiled last December that the asset ranked top three among the most-watched assets on the exchange of 2022, along with BTC and ETH.

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Furthermore, the data revealed by CoinMarketCap stated that over 18 million of its users had Shiab Inu under their watch.

Recently, SHIB ranks as the third biggest single holding by the top 100 ETH whales. It is worth noting that several exchanges have decided to leverage this trend by listing their sister tokens, especially Bone ShibaSwap (BONE).

In a recent development, it was revealed that the main token for the upcoming Shibarium and Shiba Inu governance token, BONE, made it to the top 100 cryptocurrencies by market cap.

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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.