Shiba Inu Outpaces Dogecoin and Cardano in Popularity

Shiba Inu's Rising Popularity

Shiba Inu (SHIB) has recently emerged as a leading cryptocurrency in North America, surpassing notable altcoins like Dogecoin (DOGE) and Cardano (ADA) in popularity. This trend is evident from recent Google Trends data, showing a significant spike in searches for Shiba Inu among investors in the United States and Canada.

Key Search Trends

On August 15, Shiba Inu reached its peak search volume, achieving a Google Trend value of 100, indicating maximum interest. In contrast, Dogecoin and Cardano maintained lower search volumes around 30, highlighting Shiba Inu's dominance in search interest during this period.

Consistent Interest in Canada

Shiba Inu's popularity is not a fleeting trend. Over the past 90 days, it has consistently outperformed Dogecoin and Cardano in Canada, maintaining a popularity score above 50. Interest in Shiba Inu extends across various regions, including the Northwest and Yukon territories, where it accounted for all cryptocurrency searches in a single day. In New Brunswick, Newfoundland, and Labrador, it represented over 70% of crypto-related searches.

U.S. Investors Show Similar Patterns

The United States mirrors Canada's trend, with American investors showing heightened interest in Shiba Inu. Recent data reveals that Shiba Inu searches have outnumbered those for Cardano and Dogecoin, underscoring its growing appeal among U.S. investors.

Conclusion

In the competitive altcoin landscape, Shiba Inu has successfully captured the attention of North American investors. Its surge in search volume over rivals like Dogecoin and Cardano reflects a substantial increase in interest, positioning Shiba Inu as a noteworthy player in the cryptocurrency market.