Shiba Inu Crowned Most Popular Cryptocurrency in 2021 on CoinMarketCap

Updated:

2021 was, without a doubt, the year for Shiba Inu (SHIB) as the meme coin breaks milestone after milestone. New reports for crypto tracking platform CoinMarketCap revealed that Shiba Inu has emerged as the most viewed cryptocurrency in 2021, outpacing top cryptocurrencies like Bitcoin, Ethereum, and Dogecoin.

CoinMarketCap revealed that the meme coin recorded over 188 million views within the last 12 months, surpassing Bitcoin, which came second with 145 million views, with 43 million views. SHIB’s rival Dogecoin came in third place with 107 million views, followed by Cardano and Ethereum with 86 million views and 81 million views, respectively.

Notably, Shiba Inu is only 15 months old but holds the number 13 position in top crypto rankings based on market capitalization with $20.93 billion.

In October, SHIB bounced by over 133% within a few days to reach an all-time high of $0.000088, which pushed its market cap over $50 billion. At the time, the meme coin rose as high as the seventh position, overtaking its predecessor Dogecoin.

In other news, data from top information firm Global Data showed that social media conversations about SHIB spiked by 16,000% in 2021, giving the cryptocurrency the highest growth rate compared to other cryptos in the top 10 rankings.

Key Shiba Inu Levels to Watch — December 27

SHIB traded in a quiet tone through the morning on Monday amid a lack of momentum or volatility due to the festive season. However, the meme coin recorded a more active session yesterday after reestablishing a footing above $0.0000375, indicating that trading momentum remains in the market, albeit at a downbeat rate.

SHIBUSD – 4-Hour Chart on Binance. Source: TradingView

That said, we should expect to see a slow and steady bullish continuation towards the critical $0.0000400 top over the coming days. My bullish projection comes following the observation that SHIB now trades above most of my technical positions, indicating that the path of least resistance is upwards.

Meanwhile, my resistance levels are $0.0000390, $0.0000400, and $0.0000420, and my support levels are $0.0000375, $0.0000360, and $0.0000350.

Total Market Capitalization: $2.39 trillion

Shiba Inu Market Capitalization: $20.9 billion

Shiba Inu Dominance: 0.87%

Market Rank: #13

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.