Shibaย Inuย (SHIB) Surpasses Dogecoinย (DOGE) and Cardanoย (ADA) in Search Interest
Shibaย Inuย (SHIB) has gained popularity between cryptocurrency investors, surpassing Cardanoย (ADA) and Dogecoinย (DOGE) in countries with a wholeย lotย of cryptocurrency investor presence. Google Trends data outlines that interest in Shibaย Inuย (SHIB) has surpassed that of Dogecoinย (DOGE) and Cardanoย (ADA) in Canada and theย Unitedย States inย theย previous 12 months. Despiteย theย factย that Dogecoinย (DOGE) had previously experienced spikes in search interest, Shibaย Inuย (SHIB) has consistently attracted more attention since April 2023.
In September, the interest in Shibaย Inuย (SHIB) was more than double that of Cardanoย (ADA) and Dogecoinย (DOGE). Even during the cryptocurrency market collapse in August, Shibaย Inuย (SHIB) saw an increase in interest. This surge in interest coincides with the launch of the Shibarium blockchain, which sparked renewed interest in the SHIB token.
SHIB Lags Behind Dogecoinย (DOGE) in Profitability
Althoughย while Shibaย Inuย (SHIB) leads in terms of interest, it has not translated into profitability for its holders. Only 9% of SHIB holders are asย ofย now seeing any kind of profit, compared to 41% for Dogecoinย (DOGE) holders. Nonetheless, SHIB still outperforms Cardanoย (ADA) in this regard, as only 4% of ADA holders are in profit.
Inย termsย ofย price performance, all 3 digitalย currencies have experienced similar declines from their all-time highs. SHIB is down 91.49%, while Dogecoinย (DOGE) and Cardanoย (ADA) are down 91.59% and 91.89%, respectively.
Hot Take: Shibaย Inuย (SHIB) Continues to Attract Cryptocurrency Investors
Regardlessย of its lower profitability compared to Dogecoinย (DOGE), Shibaย Inuย (SHIB) remains a favorite between cryptocurrency investors. The Memeย Coin coinโs consistently high search interest and its position ahead of Dogecoinย (DOGE) and Cardanoย (ADA) indicate that it has captured the attention of the market. With the recent launch of the Shibarium blockchain, Shibaย Inuย (SHIB) has seen renewed interest and continuesย to be a prominent player in the cryptocurrency space.
Newt Bettec emerges as an intellectual voyager at the intersection of crypto analysis, meticulous research, and editorial mastery. Within the digital labyrinth of cryptocurrencies, Newt’s intellect traverses intricate corridors, resonating with seekers of diverse inclinations. His talent for unraveling complex threads of crypto intricacies seamlessly blends with his editorial finesse, transmuting intricacy into an engaging tapestry of understanding.
