Shiba Inu is the third most searched cryptocurrency on Google in 2021, a new study shows, as the meme coin rises to its all-time high.
Shiba Inu has received 2.8 million searches on average per month so far in 2021, according to a recent study by Bacancy Technology. That compared to the average monthly search volume of 22 million bitcoins and 6.3 million ethereum.
Another dog-themed coin Dogecoin
DOGEUSD,
ranked sixth, according to the study.
SHIB reached an all-time high of $ 0.0000497 on Tuesday morning. The cryptocurrency most recently traded at $ 0.000047, posting a 14.1% gain in the last 24 hours and a 72% gain in the last seven days, according to data from CoinDesk.
The token posted a 579% gain in the past 30 days, bringing its total market capitalization to $ 18.7 billion, the 11th largest among all cryptocurrencies.
Shiba Inu's decentralized exchange, Shiba Swap, which launched in July, saw its trading volume surge in October, hitting an all-time high of $ 452 million on October 7, according to data from its website. On Monday it registered a volume of 100.6 million dollars.
Bitcoin
BTCUSD,
posted a 1.3% loss in the last 24 hours, recently trading at $ 61,986. Ether was trading at $ 4,208, 3.9% below its all-time high of $ 4,379 in May, according to data from CoinDesk. Dogecoin recently traded at $ 0.27, down 0.3% in the last 24 hours.
