Despite the declining social activity, Shiba Inu boasts a total social engagement of 1.15 billion in the past month.
The Shiba Inu community, otherwise labeled “ShibArmy,” has earned a reputation for its strong social presence and robustness, making it one of the most vibrant communities in the crypto scene. Accordingly, Shiba Inu has now cemented its place among the top 10 assets with the most active communities based on social engagements, according to a recent report.
Lunar Crush, a leading social intelligence platform, recently released the top 10 list of assets with the highest level of social engagement in the past day. The list indicates that Shiba Inu is ranked seventh among these assets, despite a marked decline in social activity.
Which assets have the most active communities today? Top assets by social engagements…
5️⃣ Genuine Undead
6️⃣ Otherdeed… pic.twitter.com/MsFBqrrl4q
— LunarCrush (@LunarCrush) April 18, 2023
Data from the Lunar Crush platform shows that Shiba Inu boasts a total social engagement of 123.58 million in the past 24 hours. Moreover, SHIB has witnessed up to 33.8K social mentions within this time. The buzz surrounding token burns and the feats achieved by Puppynet, the Shibarium beta network, has contributed to these social mentions.
In the past month, Shiba Inu’s social metrics reveal a more impressive feat, as SHIB sees a massive social engagement count of 1.15 billion. For context, XRP and ADA have 570.92 million and 642.8 million in social engagements within the same time frame. In addition, Shiba Inu’s social mentions have increased to 321.6K in the past month.
Furthermore, Shiba Inu is currently ranked 64th on Lunar Crush’s AltRank out of a total of 4,359 tokens assessed across the market. This puts SHIB in the top 1.47%. Shiba Inu is also ranked 8th out of 4,359 regarding the social score. The AltRank is designed to provide a comprehensive, multi-dimensional view of an asset’s overall strength and influence within the broader cryptocurrency ecosystem.
Shiba Inu Sees an Increase in Investors’ Interest
High social activity around an asset can catalyze an uptick in investors’ interest, and the case with Shiba Inu is no different. Shiba Inu has witnessed a marked increase in investors’ interest, evidenced in its trade volume in the past week.
SHIB currently boasts a 24-hour trade volume of $202 million. Its volume has increased by up to 51.6% since seven days ago. The asset is ranked 22nd out of 4,359 tokens in trade volume. Meanwhile, its price continues to consolidate, currently trading for $0.00001156. SHIB is up 6.87% in the past week.
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