Data reveals Shiba Inu is the most talked-about cryptocurrency over on Twitter

Shiba Inu on top

ICO Analytics collected such data in October and if the intel gathered is anything to go by, SHIB took the top spot in the Twitter popularity index. As mentioned, it was followed by ether while bitcoin got third place. Surprisingly, the other meme token that inspired it – the Dogecoin (DOGE) bagged the fourth slot.

Further, the data analytics firm showed that Shiba Inu got a 22 percent share of the entirety of the cryptocurrency discussions on the said social media site. Such a figure has dwarfed both bitcoin and ethereum that only got 7.2 and 8.1 percent respectively.

As for the other cryptocurrencies on the list, safemoon (SAFEMOON), Solana (SOL), Cardano (ADA), and Binance (BNB) got included in the list’s top 10 in the said category. Just like bitcoin and ether, their percentages were not even close to what Shiba Inu got.

As for the Shiba Inu proponents, they’ve been quite vocal about it as several hashtags like #shibainucoin, #SHIBARMY, #SHIB, and #ShibaSwap can be observed. In line with this, Shiba Inu’s official Twitter handle has already raked in 1.9 million followers considering that the meme token was officially launched in August of 2020. This is in comparison to the 1.8 Twitter followers of ethereum that was launched back in July of 2015.

SHIB and Elon Musk connection

Now, this meteoric rise of SHIB is believed by many to be propelled by Tesla and SpaceX CEO Elon Musk when he tweeted back in October an image of token shooting to the Moon. This is also believed to have resulted in SHIB’s price that time surged by 50 percent at $0.000044 which originally sits at $0.000026.

As of writing, Shiba Inu’s price is at $0.00005602 which is up by 11 percent in the last 24 hours. Additionally, it has a 24-hour low and high of $0.00004865 and $0.00005792 respectively as it maintained its 11th spot in terms of market cap (over $30.5 billion).

Andrew Smith

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.