- A crypto analyst predicted in a video that SHIB will be one of the best performers during the next bull cycle.
- A recent study established that SHIB is considered to be the second-most popular cryptocurrency in America.
- At press time, SHIB was worth $0.000008016 after a more than 6% price increase over the past day.
In one of his latest YouTube videos, crypto analyst ClayBro revealed that Shiba Inu (SHIB) is considered to be one of the most popular cryptocurrencies in America. The analyst also explained because of this popularity, SHIB could be one of the most successful cryptos during the next bull cycle.
The YouTube video referenced a recent study conducted by bookmaker cryptobedding.com, which indicated that Bitcoin (BTC), SHIB, and Dogecoin (DOGE) have emerged as the most popular cryptocurrencies in America. The study analyzed research volume data among the top 100 cryptocurrencies by market cap.
The report also revealed that BTC continues to dominate the crypto landscape with 1.91 million monthly searches. SHIB, often referred to as the “Dogecoin killer,” secured the second spot with 484,000 monthly searches, while DOGE garnered 280,000 monthly searches, positioning it as the third most popular crypto.
The popularity of these cryptocurrencies is expected to play a significant role when the bull market returns, as investors seek to capitalize on the rising prices. Speculation and popularity often drive prices in the crypto world, and the study’s findings suggest that individuals will likely gravitate toward the coins they are familiar with.
As the crypto market awaits the bull market, investors are expected to show renewed confidence in Bitcoin, with SHIB also poised for potential growth given its status as one of the most recognized and popular coins in the United States. Meanwhile, CoinMarketCap indicated that SHIB was one of the many cryptos that saw its price rise over the past day.
At press time, SHIB was worth about $0.000008016 after a more than 6% price increase throughout the past day. This ended up pushing SHIB’s weekly performance even further into the green to +10.82%. The 24-hour trading volume for SHIB surged by more than 190%, which left it standing at around $220,327,314.
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