The interest and excitement surrounding cryptocurrencies have undoubtedly surged in recent years. Countries worldwide have been embracing digital assets, driven by regulatory focus and the increasing prominence of digitalization during the COVID-19 pandemic. This period has been highly advantageous for the adoption and popularity of cryptocurrencies like Bitcoin (BTC) and Shiba Inu (SHIB).
However, there has been a noticeable decline in global interest in cryptocurrencies. Data from Google Trends indicates that this metric has reached levels not seen since December 2020. The latest data shows a score of 9 as of May 25, which corresponds to the levels observed in November 2020. During that particular period, there was minimal public engagement with the crypto space, marking one of the lowest points in terms of global interest in cryptocurrencies.
Much like the broader term “cryptocurrency,” the interest in Bitcoin has also witnessed a decline. The level of engagement and enthusiasm surrounding the leading digital asset has reached its lowest point since 2020, indicating a diminishing global interest in Bitcoin over time.
El Salvador has emerged as the country exhibiting the highest level of interest in Bitcoin, thereby contributing to the overall global interest in the cryptocurrency. Following closely behind, Nigeria and Switzerland secured the second and third positions, showcasing significant engagement and curiosity towards Bitcoin.
Furthermore, alongside Bitcoin, Shiba Inu has emerged as a notable topic of interest within the related queries for Bitcoin.
Shiba Inu (SHIB) Analysis: Evaluating Its Performance and Market Trends
The excitement surrounding meme coins, such as Shiba Inu, seems to be waning. Following its peak in 2021, the interest and enthusiasm surrounding Shiba Inu have been steadily diminishing. This suggests a decline in engagement and enthusiasm for Shiba Inu compared to its previous level of popularity.
Turkey and Cyprus have emerged as the countries showcasing the highest interest volume in the meme cryptocurrency asset, Shiba Inu. These regions have demonstrated a significant level of curiosity and engagement with Shiba Inu, reflecting a notable interest in the cryptocurrency within these areas.