SHIBA Surges Past BTC as Most Watched Coin on CoinMarketCap 2021

2 min read

Amidst the seemingly ‘non-utility’ pure joke meme coins (DOGE, SHIBA INU, etc.), ever so affected by certain social media influencers (i.e. namely, Elon Musk, etc.) and rabid followers/community/fans, validity in popularity (via online searches) proves an interesting perspective.

In many ways, 2021 has been a trendsetter for the cryptocurrency market. Be it blockchain gaming, expansion of DeFi applications, and the rise of NFT’s, cryptocurrencies offer functionalities in almost every field today. Even though old guards Bitcoin and Ethereum still dominate market share, their growth rate in terms of percentage seems slow when compared to their lesser rivals.

Take Shiba Inu for instance. Since January, the alt has generated over 1700% returns to its investors, while BTC and ETH returns sit at 70% and 453%, respectively.


More than a Meme

While skeptics disregard SHIB as a ‘meme’ token, thinking of it as nothing more than a joke is a grave error. Apart from having a very active community, Shiba Inu has its own decentralized platform for trading coins called ShibaSwap. Its Total Value Locked of $384 Million is among the largest top 30 DEX’s in the world. The platform even has their own unique collection of NFT’s called Shiboshis.


Source: defillama


Shiba Inu Most Viewed Crypto in 2021 on CoinMarketCap

Interestingly, a new report has now revealed that in 2021, SHIB was the most-watched digital asset on CoinMarketCap – one of the most popular websites used for live price tracking. According to the report, Shiba Inu got a little over 188 Million views while Bitcoin came second at 145 million views. Ethereum came at a distant fifth with 81.3 Million views. This just goes to show how hotly anticipated SHIB’s price performance has been throughout the year.


Phenomenal Price Action

Naturally, SHIB’s price action on the chart has been extremely bullish. Since its Coinbase listing in September, SHIB has risen by over 500% in a matter of just three months. Its market capitalization has spiked to over $21 Billion and is threatening to dethrone Dogecoin as the 13th largest digital asset in the world. A petition to list Shiba Inu on Robinhood has already received over half a million supporters and experts believe that another bull run awaits should the listing come through. In fact, a source close to Ask The Doctor claims that Robinhood could list Shiba Inu between March and April 2022. SHIB’s short-term price movement has also started to look favorable after a down-channel breakout was observed just last week.



Source: TradingView

Elon Musk’s new favorite crypto is fast becoming the communities favorite crypto and with recent revelations, the alt has only one way to go- up!


*Article Credit:  SHIBA Surges Past BTC as Most Watched Coin on CoinMarketCap 2021



Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions. does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor. Please note that participates in affiliate marketing.