CoinMarketCap Q1 report shows Shiba Inu among most viewed crypto worldwide
Shiba Inu’s popularity is rising among CoinMarketCap users.
It is widely known that Shiba Inu is among the most popular cryptographics in the world, with investors closely following the token’s price movements. CoinMarketCap (CMC), a leading cryptocurrency aggregator platform, has shared new data to support this claim in its Q1 report.
According to CMC, Shiba Inu ranks among the most viewed cryptocurrencies on its platform. Investors across all continents are closely watching the 15th largest cryptocurrency’s price movements.
Shiba Inu more popular in North America than Europe
According to the data, Shiba Inu is seen as a popular crypto in different continents like Oceania, South America, North America, Africa, Asia and Europe.
The leading dog-themed cryptocurrency asset has over 12.5% views among residents of different regions, such as Africa, Asia, North America, Oceania and South America. However, the Shiba Inu has lower popularity in Europe, with a record of only 11.56% views.
In contrast, North America is a popular hub for Shiba Inu after the asset class recorded 20.39% views among investors on the continent.
Bitcoin dominated the ranking as the most watched crypto asset in the world. Bitcoin’s lowest score was in South America, where the top asset class recorded 36.98% views.
Shiba Inu on over 1.84 million CMC users’ watchlist
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Interestingly, the number of CMC users with Shiba Inu on their watchlists has also skyrocketed recently. In accordance data from CMC, over 1.84 million CoinMarketCap users currently have Shiba Inu on their watchlist. This tool helps inventors track the price movement of the nascent digital currency.
As reported as of December, only 1,809,792 CMC users had Shiba Inu on their watchlist. Now the number has increased to 1,847,081.
Meanwhile, Shiba Inu has maintained a vibrant community despite its price falling below 86.82% from a record high of $0.00008616.
Many enthusiasts will not be surprised to see Shiba Inu rank among the most traded cryptoassets on CoinMarketCap. The Shiba Inu has been in the news recently for all the right reasons, especially the recent increase in networking activities.
Yesterday, the dog-themed coin set a new record regarding the number of daily active addresses interacting on the network. According to data from experienced analyst Ali Martinez, Shiba Inu’s daily active addresses reached nearly 36K.
In a similar development, Puppynet, the testnet of Shiba Inu’s layer-2 network Shibarium, has seen widespread use since it went public last month. As of 31 March, the test network is registered over 200,000 wallets and a record of more than 1 million transactions.
The rapid increase in Shiba Inu’s network activities is crucial to the asset’s recent price increase. At press time, Shiba Inu is trading hands at $0.00001137, up 6% in the last 24 hours.
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