Shiba Inu ($SHIB) is more popular than Dogecoin ($DOGE) in Europe, according to Google data

Data from Google Trends showed that the meme-inspired cryptocurrency Shiba Inu ($SHIB) is more popular than its memecoin rival Dogecoin ($DOGE), which is backed by Tesla CEO Elon Musk across the country. Europe.

A study conducted by askgamers.comusing data from the world’s leading search engine, discovered that while Bitcoin (BTC) is the most popular cryptocurrency in Europe, Shiba Inu came in second, beating Ethereum’s popularity.

The study revealed that in 21 countries in Europe, Bitcoin was the most searched cryptocurrency. It was followed by Shiba Inu, which was the most popular cryptocurrency in seven countries, including the UK, France, Italy, Spain, Portugal, Ukraine, and Russia.

Next came Ethereum, in four countries including Sweden, Slovakia and Latvia. Cardano came next, conducting research in three countries, followed by Dogecoin, which was the most searched crypto in Greece and Albania.

Google Trends uses an index-like approach to represent search interest, but does not show exact numbers. Nevertheless, it shows that interest in the cryptocurrency has increased from 12 to 20 in the past two weeks, out of a total of 100.

SHIB’s result has likely been boosted recently by developments in the cryptocurrency ecosystem, which include the launch of a burn portal that distributes rewards to those who burn their tokens, and growing merchant adoption. .




As CryptoGlobe recently reported, Coinbase users have a median holding time for Cardano and Shiba Inu of over 120 days, higher than most other cryptoassets on the platform. According to data presented on Coinbase’s pricing pages, Cardano’s ADA has a typical shelf life of 121 days, which means ADA users on the platform keep their assets for more than four months. before “selling it or sending it to another account or address”.

Similarly, the Shiba Inu meme-inspired cryptocurrency has a typical hold time of 120 days. According to the cryptocurrency exchange, a long hold time “signals an accumulation trend,” while a short hold time “indicates increased token movement.”

WARNING

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading crypto-assets involves the risk of financial loss.

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Mary I. Bruner