Google Searches Climb as Global Interest Surges

Shiba Inu (SHIB), the self-proclaimed “Dogecoin killer,” is back in the spotlight with a spike in both search interest and token price. Google trend data Searches for “Shiba Inu” and related queries have been revealed to be on the rise globally, indicating renewed optimism among investors towards meme coins.

Rapid increase in Shiba Inu breeds ignites enthusiasm

This increase occurs after some quiet period. meme coin. But the past month has been phenomenal. Search popularity reached his seven-day peak of 100 on March 16, but has still settled at a healthy 48, significantly higher than January’s level. Phrases such as “Why do Shiba Inu dogs rise?” The “Shiba Inu’s all-time high” has also increased significantly, reflecting investors’ curiosity and potential purchasing intent.

Although interest is global, certain regions are leading the way. In the past week, Pakistan, the Netherlands, Slovenia, Canada and Nigeria have emerged as the top search sources for his SHIB. This geographically diverse interest suggests meme coins’ broad appeal.

Source: Google Trends

This new interest has coincided with an astonishing price increase. SHIB’s value has soared more than 180% in the last month, hitting a two-year high of $0.000045. This bullish development has increased speculation that the price will re-attempt all-time highs above $0.000088. However, the market has since corrected and SHIB’s price has fallen slightly.

Despite the corrections, enthusiasm within the Shiba Inu community remains high. The long-term goal of reaching $0.01 per SHIB token remains in focus, but analysts warn that it could take several years to materialize.

Bitcoin is now trading at $66.780. Chart: TradingView

Shibaium and market recovery

To achieve this ambitious goal, the developers are focusing on Shibarium, the project’s layer 2 scaling solution. Shibarium aims to become a thriving smart contract hub by attracting more users and increasing the demand for SHIB.

Experts believe several factors are at play in the current Shiba Inu craze. The broader crypto market is showing signs of recovery from the recent downturn, which could increase investor confidence in meme coins like SHIB.

Additionally, ongoing developments within the Shiba Inu ecosystem, such as Shibarium and efforts to reduce the overall token supply, may be fueling investor optimism.

It remains to be seen whether SHIB can maintain its current momentum and achieve its long-term price target. However, the recent increase in search interest and rising prices clearly indicate that the “Dogecoin killer” is back in the game and is about to capture the hearts (and wallets) of meme coin enthusiasts around the world. I am.

Featured images from Pexels, charts from TradingView

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