High-altitude cryptocurrencies tumbled to earth from stratospheric levels amid profit taking that gained momentum after the emergence of the alternative omicron threat. Despite the current lean correction, digital currencies are very popular with investors.
gray hairs reign supreme: Shiba Inu (CRYPTO: SHIB), the dog-shaped cryptocurrency that made a splash this year, was the most discussed cryptocurrency on Twitter in November, according to ICO . Analytics That focuses on new coins and analytics.
SHIB acquired a 16% share of the total crypto mentions on Twitter in November, surpassing 10% for the next cryptocurrency. Ethereum (CRYPTO: ETH).
Solana (CRYPTO: SOL) and Bitcoin (CRYPTO: BTC) took third and fourth places, respectively, with 8.3% and 6.7% of the total signals.
By the way, the most famous peer of SHIB Dogecoin (CRYPTO: DOGE) It could only rank fifth, as it captured a 3.7% share of all mentions on Twitter in November.
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Other coins rounding off the top ten include Dogillon March (CRYPTO: ELON), a Doge themed coin and a prominent Dogecoin backer Elon Musk, Binance coin (CRYPTO: BNB), Cardano (CRYPTO: ADA) and dotted (CRYPTO: DOT).
What makes gray hairs popular: Shiba Inu, designed as a joke crypto, was founded in August 2020 by an unknown person known as Ryoshi who is said to operate out of China. Shiba Inu is a Japanese term referring to a breed of dog, and this breed is used as a Dogecoin mascot. Incidentally, SHIB is described as a Dogekiller and an Ethereum-based alternative to Doge.
With SHIB reaching an all-time high in late October, the company was able to briefly overtake Doge as the most valuable meme coin.
Currently, it ranks 13th in terms of cryptocurrency value, with a market capitalization of $18.68 billion.
SHIB’s strength has been in its fanatical following that experts say its success depends on a social phenomenon rather than fundamental strength. The SHIB community and ecosystem are credited with striving to increase its use cases. Recently, Shiba Inu announced its entry into the gaming and metaverse.
The catalyst that could give a real boost to SHIB would be its inclusion in the trading app Robinhood Markets, Inc. (NASDAQ: HUD).
In the last pick, Shiba Inu stock was down 3.59% at $0.0000034.
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