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HomeBusinessThis cryptocurrency overtakes bitcoin in 'joke', most discussed in 2021

This cryptocurrency overtakes bitcoin in ‘joke’, most discussed in 2021

Highlights

  • The meme cryptocurrency Shiba Inu started out as a joke
  • Over 188 million views on Shiba Inu in last 12 months
  • The Shiba Inu is currently the 13th largest cryptocurrency in the world

New Delhi
The meme cryptocurrency Shiba Inu started as a joke but is no longer a joke. It was the most discussed in the year 2021. It also surpassed Bitcoin and Ethereum, the world’s most popular, oldest and largest cryptocurrencies. This year the Shiba Inu managed to make it to the top 10 cryptocurrencies in the world. However, now he is out of this list.

According to CoinMarketCap, a cryptocurrency price tracking website, the Shiba Inu has garnered more than 188 million views in the past 12 months, while bitcoin has recorded 145 million views. The Shiba Inu is currently the 13th largest cryptocurrency in the world. Its market cap is over $20 billion. According to crypto exchange WazirX, the price of Shiba Inu is seeing a decline today. It is trading with a decline of 4 per cent.

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Why did the price jump?
Meanwhile, another meme cryptocurrency Dogecoin became the third most talked about cryptocurrency in 2021. It got 10.7 crore views. Around 86 million views were recorded on Cardano and 8.1 million on Ethereum. The reason for the rise in the price of Shiba Inu was a tweet by Elun Musk, the world’s biggest rich. On 18 October, he tweeted a picture of a Shiba Inu going to the moon. This led to a 50 per cent jump in its price.

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Also, there has been talk in the crypto world that Shiba Inu may soon be listed on the popular stock trading app Robinhood. For this, a petition was also put on Change.org, on which about 3 lakh people have signed. Safemoon, Solana, Cardano and Binance were also among the most discussed cryptocurrencies on Twitter this year. But in terms of popularity, no one has come close to the Shiba Inu.

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