LIVE
As social activity rises, would #Shiba Inu's price rise?
Shiba Inu (SHIB), a meme coin, is seeing a boom in social engagement, proving its status as a top cryptocurrency.
Increasing Shiba Inu Social Activity
Shiba Inu's staff on X (previously Twitter) indicated that SHIB social engagement is booming. This indicates increased community and investor interest in the meme currency.
The team says the SHIB community, known as SHIBArmy, is stronger than ever thanks to increased social activities. Thus, they asked the community to keep spreading the word and show the SHIBArmy's overwhelming might.
In response to LunarCrush's bullish SHIB trend post, Shiba Inu's team post was made. Four bullish signs imply SHIB may rebound shortly, according to LunarCrush. Increased social engagement, price action, market volume, and a strong LunarCrush AltRankTM of 2 are examples.
Shiba Inu is a popular meme currency with a dedicated fan following and community support. Amazingly, social interaction has kept the cryptocurrency ranked among the top.
SHIB's branding and social media presence have made it popular among crypto enthusiasts. It is one of the most popular cryptocurrency assets on X, Discord, and Reddit, with millions of interactions.
Mid-December last year, these websites and other cryptocurrency-related social media networks saw about 24,000 SHIB posts. With over 85 million social media mentions, SHIB created attention. SHIB momentarily reached $0.00001094, a three-month high, because to the social growth.
More than social media, SHIB is interested
Over time, SHIB's interest expanded beyond social media. Recently, it became the second most sought-after digital asset in the EU, cementing its market position.
Shiba Inu placed second, beating top cryptocurrencies like Dogecoin , Cardano (ADA), and Ethereum. The rankings were based on Google Trends data from the previous year to determine which cryptocurrency each European nation wishes to invest in.
This key milestone shows broad awareness among European investors considering the coin.
