Shiba Inu is one of the most popular crypto assets: The CoinMarketCap Q1 report
The second largest meme coin Shiba Inu has been displaying impressive price actions this year, sparking the interest of traders globally.
Shiba Inu closely tails Bitcoin in popularity
The report says that the Shiba Inu gained a lot of popularity across a number of continents, including Europe, Asia, Africa, North America, and South America. Except for Europe, where it received only 11.56 percent of the views, the memecoin received more than 12.5% of the views on these continents.
In the meantime, crypto traders in North America have been viewing SHIB with 20.39 percent of their views.
BTC, on the other hand, topped the list as the most watched, with high views across all continents. With 36.78 percent, BTC received the fewest views in South America, followed by Shiba Inu and Baby Doge Coin.
In addition, more than 1.84 million people use a Shiba Inu watch list to monitor the movement of the cryptocurrency in real time, up from 1.809 million in December 2022.
SHIB price rallies amid a spike in ecosystem activities
After the launch of Shibarium’s testnet, Puppynet, activities in the Shiba Inu community saw a rapid uptick in March.
Since its launch on March 11, Shibarium Puppynet has seen a steady rise in adoptions thanks to the community’s overwhelming support. According to Puppy Scan data, Puppynet had over 800,000 transactions and 100,000 wallets.
The Shiba Inu’s price has increased by 5.30% in the last 24 hours, as reported by CoinMarketCap. SHIB is currently trading at $0.00001141, with a seven-day price gain of 11.52 percent and an increase in trading volume of 175.83 percent.
