The always vibrant Shiba Inu The community is thriving once again as SHIB gains widespread recognition, overtaking the market’s leading cryptocurrency assets to become the second most sought-after digital asset across the European continent, securing its position in the crypto landscape.
Shiba Inu takes Europe by storm
XRP enthusiast and market expert Marcel Knobloch, aka Collin Brown, reported the coin’s latest milestone in X. According to Brown, Shiba Inu has seen significant growth in its long-term investor base, taking Europe by storm by becoming the second most searched cryptocurrency on the continent.
Brown noted that the milestone is reminiscent of the 2021 peak, having recovered an astonishing 300% in just 8 days. SHIB’s interest is not limited to Europeand that it has held the top spot in search charts from Italy to Nigeria.
As a result of the development, the WazirX poll crowned SHIB as the king of crypto meme. Thus, Collin Brown urged the cryptocurrency space to keep an eye on Shiba Inu, noting that the Shiba pack is at the forefront of the race.
The rankings were determined after a comprehensive analysis of Google Trends data over the past year in order to determine the cryptocurrency that, based on research, each nation in Europe wants to invest in. indicated changes in people’s interest in the crypto market.
Shiba Inu has gone through notable coins like Ethereum (ETH) – the second largest crypto asset, Cardano (ADA), and Dogecoin (DOGE) – the largest meme coin, securing the first choice in around 7 European countries. These include Russia, France, Italy, the United Kingdom and others.
About that, Bitcoin (BTC) – the largest crypto asset continues to be the most searched currency on the continent, acquiring the first choice in around 21 European countries, such as Poland, Germany, Belgium, Romania, etc.
Milestone Buttresses SHIB Latest Price
SHIB’s recent achievement demonstrates a steady increase in its interest, reflecting the confidence of its community members around the world. In addition to reinforcing SHIB’s position, this rating indicates that European investors are considering further adoption of the token.
Following the project’s milestone, the Ethereum-based memecoin managed to secure gains of over 18% last week. SHIB experienced a recovery to the $0.000030 threshold after falling to $0.000025 during the start of the week. With the memecoin market currently demonstrating momentum, SHIB could be poised for more significant gains in the coming months.
Consequently, SHIB’s rise to the aforementioned price took advantage of the general market recovery and its seven-day rally. At the time of writing, Shiba Inu was trading at $0.0000305, indicating a 1% decline from the previous day. Meanwhile, its trading volume and market capitalization decreased by more than 1% and 16%, respectively.
Featured image from iStock, chart from Tradingview.com
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