In the world of cryptocurrencies, Shiba Inu, a digital asset fueled by internet memes, has achieved remarkable popularity in Canada. Recent data taken from Google Trends has unveiled a fascinating trend where Shiba Inu has ascended to a zenith in terms of search volume in the country. This surge in interest is exemplified by SHIB achieving a perfect score of 100, a metric employed by Google Trends to signify the highest level of popularity for a particular search term.
What makes this revelation even more intriguing is how Shiba Inu has outpaced its cryptocurrency counterparts, including Cardano [ADA] and Dogecoin [DOGE]. In stark contrast, both DOGE and ADA have languished around the 30 mark, indicative of a substantially lower level of online attention among Canadians, as indicated by Google’s meticulous analysis.
While it might be tempting to attribute Shiba Inu’s newfound popularity surge to the recent launch of Shibarium during a conference in Canada, Google’s data paints a different picture.
Zooming out to a broader perspective over the past 90 days, where we compare Shiba Inu’s search volume in Canada to that of Dogecoin and Cardano, an intriguing pattern unfolds. SHIB’s search term consistently maintains above-average popularity, suggesting that its appeal extends well beyond the scope of a single event or development.
In the same time frame, Dogecoin and Cardano have witnessed their search volumes hovering around the 25-mark. It is noteworthy that Dogecoin experienced a brief surge in search popularity, breaching the 50-value threshold towards the conclusion of July. In contrast, Shiba Inu’s popularity has remained relatively consistent throughout this period.
Popularity of Shiba Inu isn’t a Fleeting Occurrence
One aspect that adds an extra layer of fascination to this data is the geographical distribution of SHIB searches across Canada. Unlike certain trends that may be concentrated in specific regions, the intrigue surrounding Shiba Inu appears to be uniformly dispersed throughout the country, reflecting a nationwide curiosity.
Furthermore, Shiba Inu has also made significant strides in the United States, emerging as the sixth most favored digital asset among American investors. It has outpaced notable contenders such as Tether, UST, and Solana, which secured the seventh position, as well as Cardano, which ranked eighth. These findings are the result of a survey titled “A Global Survey on Crypto and Web3,” which engaged 1018 American residents aged 18 to 65.