Another year has passed, and we saw a number of exciting trends come and go in the cryptocurrency market. One that surely had a long-lasting impact is the trend of memecoins led by none other than Shiba Inu (SHIB).
New research conducted by Global Data reveals that the social media conversations, including Shiba Inu (SHIB), have increased by a whopping 16,000% in 2021.
By this metric, the meme-inspired cryptocurrency and self-proclaimed Dogecoin killer dwarfs every other coin on the market during 2021.
Commenting on the matter was Senior Social Media Analyst at Global Data, Smitarani Tripathy, who said that “social media conversations around crypto as a topic surged year-on-year by more than 400% in 2021.”
Indeed, the year has been a major success in terms of overall cryptocurrency adoption, which was, perhaps, propelled by the massive bull market that saw Bitcoin’s price top $69K as a new all-time high.
Despite the staggering growth in social media mentions, though, SHIB is still nowhere near Bitcoin.
The research outlined that BTC is in the lead with close to 900K discussions, followed by Ethereum with 305K and Dogecoin with 150K.