Shiba Inu (SHIB) Google Trend search interest has witnessed an increase this month as investors demonstrate renewed optimism in the memecoin ecosystem.
Per the Google Search data, the popularity of the “Shiba Inu” phrase comes in at 48 over a 7-day period, a figure slightly below the average of 50. While Shiba Inu’s popularity is down from the peak of 100 recorded on March 16, it is still higher than the interest shown as of January 1.
Besides the search for Shiba Inu, searches ranging from “Why is Shiba Inu going up” to “Shiba Inu All-Time High” have also gained significant traction in recent times.
Shiba Inu Geographical Interest Boost
Though there is a global appeal for Shiba Inu, some countries are significantly influencing the search trends in higher measure.
Google Trends data shows that 10 countries emerged on the radar in boosting the Shiba Inu sentiment over the past 3 months. These countries include Pakistan, The Netherlands, Slovenia, the United States, Singapore, Belgium, Canada, Switzerland, Germany and Nigeria.
Shuffling the timeline to the past 7 days, the trends show the Netherlands, Pakistan, Slovenia, Canada, and Nigeria responsible for the Shiba Inu search boom.
Beating Its Personal Best
The growth Shiba Inu printed this month is a feat it has not recorded in more than 2 years. The price of the token has surged by more than 184% over the past month, breaching a 2-year high of $0.00004534 within that time span.
With the rally in price and volume recorded, speculations mounted that it might retest its All-Time High (ATH) price above $0.000088. However, it has since suffered a correction. Amid its bullish rally this March, Shiba Inu climbed in ranking to the 10th spot, displacing Avalanche (AVAX) in the process.
The enthusiasm within the Shiba Inu ecosystem to push the price to the 1 cent level remains high, while current projections highlight a multi-year timeline to achieve this feat. Meanwhile, Shiba Inu ecosystem developers aim to transform Shibarium, the project’s Layer-2 scaling solution, into a thriving smart contract hub that can boost demand.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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