Shiba Inu killing Dogecoin in Europe according to Google data
- According to data provided by Google Trends, Shiba Inu remains the most popular even cryptocurrency, unlike its rival Doge.
- A study organized by Ask the players, using data from the world’s best search engine, discovered something fascinating about Shiba Inu.
- At the time of writing, Shiba Inu was trading at a market price of $0.00002103, down 5.3% in the last 24 hours.
People admire Shiba Inu
Data from Google Trends shows that Shiba Inu, the meme-inspired crypto asset, is the most popular meme coin, unlike its competitor Dogecoin, which is backed by Tesla CEO Elon Musk, across Europe.
The research revealed that in 21 countries across Europe, Bitcoin remains the most searched cryptocurrency. Shiba Inu followed suit, ranking second in terms of most valued crypto asset in 7 countries including Russia, Ukraine, Portugal, Spain, Italy, France, and the United Kingdom.
Next is the second largest cryptocurrency Ethereum, in 4 countries, involving Latvia, Sweden and Slovakia. Cardano followed ETH, conducting research for 3 countries, and it was followed by Elon Musk’s Dogecoin, which remains the most searched cryptocurrency in Albania and Greece.
Growing interest in cryptocurrencies
Google Trends uses an index-like approach to displaying search interest, but does not present hard numbers. Nevertheless, it shows that interest in crypto assets has increased from 12 to 20 in the past two weeks, out of a total of 100.
Shiba Inu’s earnings have likely been inflated recently due to the development of the cryptocurrency ecosystem, which involves the release of its burn portal that disperses rewards to those who burn their tokens, and the growing adoption of merchants.
According to a report from a news website, Coinbase users have a median holding time for Shiba Inu and Cardano of over 120 days, longer than the majority of cryptocurrencies on the platform.
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According to data offered on Coinbase’s ADA pricing pages, Cardano’s native cryptocurrency has a typical holding period of 121 days, this means that token users or the platform will hold the crypto asset for longer. 4 months before mobilizing it to another account or address, or selling it.
Similarly, the Shiba Inu meme piece has a holding period of 120 days. According to the cryptocurrency exchange, a long wait signifies an accumulation trend, while a short wait signals an escalation in token movement.
As of this writing, Shiba Inu is trading at a market price of $0.00002103.