SHIB Was The World’s Most Mentioned Crypto On Twitter In October

By Micheal On Nov 9, 2021

UKRAINE - 2021/06/03: In this photo illustration, a cryptocurrency Shiba Token $SHIB (Shiba Inu) logo is seen on a smartphone with a pc screen in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Shiba Inu (SHIB), the headline-making meme cryptocurrency from the past few weeks, became the most talked-about cryptocurrency in the world on Twitter in October.

The decentralized currency, which has seen significant growth over the past month, and has received more mentions online than second-placed Ethereum (ETH) and third-placed Bitcoin (BTC).

In a more surprising development, this digital asset was four times more popular on the social media platform than its rival DOGE with 4.8% of the mentions. In contrast, according to ICO Analytics data from November 6, 2021, SHIB had 22% of all the mentions.

In the list of the 20 most discussed cryptocurrencies on Twitter in October 2021. Each currency is listed as a specified time percentage in the top 150 coins ranked by market capitalization.

Recently, AMC Entertainment (NYSE: AMC) is reportedly considering including Shiba Inu in its list of cryptocurrencies to be paid at theaters. Company engineers are already working hard to develop programming to control the influx of currencies, which may include SHIB in their workload in the future.

In particular, the Movie Network is expected to begin accepting cryptocurrency payments for tickets and refreshments in the coming months, including Bitcoin, Dogecoin, Ethereum, and Litecoin. Customers can already purchase digital gift cards with Dogecoin using BitPay Wallet.

The number of SHIB owners is increasing as the number of SHIB owners increases by more than 30% in a month. From October 10 to November 8, 2021, the number of Shiba Inu owners increased by 31.1% from 706,808 to 926,684. At the same time, the value of SHIB increased by at least 111%.

In fact, the number of SHIB holders has increased in line with the growing popularity of the currency and its value has increased in recent months, attracting more investors to the cryptocurrency. It is important to note that as crypto-assets grow, ordinary investors are flowing into the market for fear of losing out.

The same group of retail investors lobbies to list currencies in Robinhood. Accordingly, half a million people have signed an online petition demanding to list Shiba Inu on the Robinhood trading platform.

This has made an impact outside the crypto country, the desire for the Shiba Inu coin has led to real-world demand for the Japanese dog breed. As reported earlier, the growing demand for the Sh iba Inu breed is due to the value of the currency and its rival DOGE, of which the Shiba Inu is the Symbol.

Currently, SHIB is trading at $0.00005379, down 19.40% from the previous week, with a market capitalization of over $ 31 billion, up 5.76% on a daily time frame.

It should be noted that although its value has increased significantly in recent months, Shibu Inu has been criticized for its lack of real-world applications. On the other hand, coin makers are still working to strengthen the network by introducing new features such as ShibaSwap.