The research found that Shiba is at the top of the meme coin list, in terms of the highest search frequency.
Shiba Inu token is a popular meme coin and is known as a rival to Dogecoin. At the moment the project team behind the Shiba Inu token is working on several separate projects to create more hype around Shiba Inu the token. Retail adoption, in particular, is pushing this coin upward, while only a few whales are active in this coin.
Recently, askgamblers.com conducted research and analysis on the popularity of Shiba Inu tokens in the crypto industry among internet users. The study found that the Shiba Inu token is more popular than Dogecoin in Europe.
This study analyzed data from the leading search engine Google. And it found that Bitcoin is at the top in terms of popularity among the European population. Although unexpected, the Shiba Inu token is in the second position, which is a very sad result for the Ethereum blockchain supporters.
This study focused on 21 countries in Europe, mainly including UK, France, Italy, Spain, Portugal, Ukraine, Russia, etc. These seven highly influential population-based countries searched for Shiba in the token.
Ethereum took its top spot in Sweden, Slovakia and Latvia as leading interesting populations. In these three countries, Cardano’s search frequency was in 3rd position, while Dogecoin was in 4th position. Populations based in Greece and Albania searched for Dogecoin with the highest priority.
Shiba Inu Token vs Dogecoin
Perhaps the reason behind the high popularity and interest among the users for the Shiba Inu token over Dogecoin is because the development is working.
Undoubtedly, the re-established Dogecoin team has done a lot of work to introduce real efficiency into the Dogecoin blockchain network, but here the Dogecoin team failed to create significant hype.
While the project team behind Shiba inu token worked in Metaverse, Decentralized exchange, Layer2 scaling solution Blockchain network Shibarium and also gaming like many projects.
Here the Shiba inu project team is continuously working on creating hype, following the current trend, and probably this is the main reason for Shiba to get huge traction in the world, over doge.
Also Read: Philipp Plein Expects To Make $21 Million In Revenue Due To Crypto Payment