Many new assets have recently emerged in the memecoin market. Despite everything, only one memecoin remains in the lead in the United States. CoinGecko pointed this out in a new study after looking at the total number of pageviews on the top 15 memecoins by market capitalization. Find out why this great rival of Dogecoin (DOGE) is very popular with Americans.
SHIB generates 60.7% of American interest
The Shiba Inu (SHIB) token has been attracting a lot of interest since the beginning of the year. In January, a study reported a skyrocketing SHIB price. Now, CoinGecko reports that Shiba Inu (SHIB), the great rival of Dogecoin (DOGE), is the most popular memecoin in the United States. Indeed, even though there are new competitors in the market, SHIB generated 60.7% of American interest in memecoins this year.
Five other tokens from the speculative asset class are generating some interest among Americans. They are: Baby Doge Coin (BABYDOGE), Pepe (PEPE), Floki (FLOKI), Bonk (BONK) and Volt Inu (VOLT). It should be noted that the memecoin Pepe (PEPE) was launched just last month. Also, it generated 11.8% of American interest in memecoins.
The global memecoin craze and the Shiba Inu’s strategy
Globally, “people are by far the most interested in Shiba Inu, which garnered 46.7% of interest among major memecoins in 2023“. CoinGecko added : “Baby Doge Coin generated 12.3% of memecoin interest, followed by newer memecoins Pepe (9.4%), Floki (8.6%) and Bonk (8.2%)“.
Moreover, CoinGecko’s study reveals that the United States is at the top of the world ranking of interest in memecoins. “The United States is unsurprisingly leading the memecoin craze, accounting for 23.6% of interest in 2023 so far, with over 2 million views on the most popular memecoin pagessaid CoinGecko analysts.
Two other countries are showing great interest in memecoins. These are India and the United Kingdom, according to the report from the CoinGecko platform.
Currently, the Shiba Inu community continues to burn SHIB tokens hoping for a crypto bull run. Shiba Inu lead developer Shytoshi Kusama has indicated that there will be no memecoin price hike without a burn.
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