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Out of 23,000 Cryptocurrencies, Shiba Inu is the Fourth Most Popular Crypto in 2023

New research confirms that Shiba Inu is the fourth most popular cryptocurrency among searchers, seeing more interest than other mainstream assets such as Cardano (ADA), Litecoin (LTC), Tether (USDT), and Solana (SOL).

Strong community and sustained user interest are arguably some of the most important prerogatives for cryptocurrency projects. The Shiba Inu ecosystem ranks highly in both aspects, as new research by Marketplace Fairness confirms.

The study sought to find the most widely searched cryptocurrencies on the popular search engine Google while excluding Bitcoin, the best-known crypto asset. Unsurprisingly, Ethereum ranked as the second most popular Bitcoin alternative, with 3,260,000 searches every month.

Ethereum’s position as the second widely known crypto asset is a fact accurately represented by the market cap difference between BTC and ETH. Bitcoin and ETH have dominated the crypto market cap rankings for the past decade, ranking first and second, respectively. At the time of writing, BTC and ETH account for 67.8% of the $1 trillion global crypto market cap.

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However, the latest research by Marketplace Fairness also shows that market cap rankings do not necessarily reflect an asset’s popularity. For instance, XRP ranked as the third most popular altcoin, with 1,250,000 searches per month. Yet, the Ripple-backed asset trails Binance Coin (BNB) and Tether (USDT) on the market capitalization list of the largest cryptocurrencies.

Out of more than 23,000 digital assets in existence, Shiba Inu beat all to rank fourth most searched crypto.

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Shiba Inu and Dogecoin Score Big 

VIDEO: Shiba Inu Ranks As Fourth Most Popular Cryptocurrencies in 2023 | Morn News Eng 12 Oct P-3 | 3.0 TV
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Shiba Inu and Dogecoin were among the biggest winners in the last crypto bull market. While both assets continue to trade significantly below their 2021 highs, interest remains relatively high, according to the latest research.

Dogecoin recorded more user interest on popular search engines with 1,659,000 searches, surpassing XRP and only trailing Ethereum. Shiba Inu also ranks among the top four altcoins, with an average of 678,000 monthly searches in 2023.

Shiba Inu’s numbers notably trump that of Cardano (ADA) and Solana (SOL), both of which boast a higher market cap than SHIB. Cardano recorded 677,000 searches, while Solana saw 542,000 searches within the same timeline. Meanwhile, Litecoin, Tether, and Polkadot complete the top ten rankings.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



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