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In The Last Three Months, Demand For SHIB On Google Has Dropped By Over 90%

Shiba Inu meme coin (SHIB) not only outperformed all other cryptocurrencies in terms of social media growth in 2021 (with social media discussions about SHIB increasing by 16,000 percent), but it was also the most-viewed cryptocurrency on CoinMarketCap that year.

Finbold data shows that, following a meteoric rise in 2021, interest in the keyword ‘Buy Shiba Inu coin’ on Google Search has dropped dramatically in the last 90 days. Since peaking at 100 on October 29, 2021, interest in the keyword has dropped by 92% to a Google Trends score of 8 as of January 29, 2022.

Surprisingly, the data shows that among the top ten countries most interested in the ‘Buy Shiba Inu coin’ keyword, Nigeria leads the pack with a score of 100, followed by Qatar in second place with 70, and North Macedonia in third place with 67.

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Google Trends score compares online search interest to the peak of the chart for the specified location and time. The maximum search interest for the specified time and location is 100 points, with 0 indicating no interest.

The current bearish sentiment in the cryptocurrency and stock markets appears to have had an impact on many altcoins, with the vast majority of them trading far below their all-time highs, making it impossible to say definitively whether or not interest in SHIB is fading at the moment.

Shiba Inu’s market cap shrank by $3.5 billion in a week between January 1 and January 8, 2022, but as previously stated, the token appears to be a casualty of the general market crash.

Simultaneously, SHIB continues to gain exposure to more users through exchange listings, with Uphold cryptocurrency trading platform recently listing the token on the platform following the recent surge in SHIB’s popularity, which resulted in the coin’s value increasing.

In other news, four of the top ten trending cryptocurrencies on January 27 used the term ‘SHIB’ in their ticker, implying that other meme tokens are stealing some of SHIB’s thunder as investors seek a comparable asset with a high potential for growth.