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Another year has passed and we have witnessed several interesting trends emerging in the cryptocurrency market. One of them is the crypto community’s fascination with memes, in particular SHIBA INU.
A new study by Global Data found that the number of memes on social media, including the Shiba Inu dog meme, increased by 16,000% in 2021.
Senior social media analyst at Global Data, Smitarani Tripathi, noted that “social media conversations around cryptocurrencies as a topic have grown by over 400% in 2021.”
Indeed, the year has been a successful year in terms of overall cryptocurrency adoption, possibly fueled by a massive bull market in which Bitcoin hit $ 69K, a new all-time high.
However, despite the staggering rise in social media mentions, SHIB still hasn’t come close to Bitcoin.
Research has shown that BTC leads with nearly 900k discussions, followed by Ethereum with 305k and Dogecoin with 150k.
Leading cryptocurrencies in 2021. Source: Global Data
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