Year 2021, emerged as one of the most successful year for cryptocurrencies, we have seen tremendous growth in various crypto projects including metaverse coin, meme coin, play-to-earn and NFTs. we saw a number of exciting trends which helps the crypto market to touches record breaking $3 Trillion.
According to the research conducted by Global Data, reveals that popular meme coin Shiba Inu (SHIB) ranked top in the social media presence with increased by a whopping 16,000% in 2021.
The dog inspired meme cryptocurrency and self-proclaimed Dogecoin killer SHIB surpassed every other coin on the market during 2021.
“social media conversations around crypto as a topic surged year-on-year by more than 400% in 2021”, Mentions by technical experts, blockchain experts, CEOs, and fintech experts, were found to be more impactful to drive discussions around crypto. Elon Musk, the CEO of Tesla Inc, proved to be one of the most influential contributors for the crypto market, and played as a catalyst for top cryptos such as Bitcoin and Dogecoin.” said Social Media Analyst at Global Data, Smitarani Tripathy.
Although, various countries are now working to pass a crypto bill to regulate this industry. Despite of this, we saw a great number of crypto owners and crypto projects, top coins like Bitcoin (BTC) reaches to all time high nearly $69K, Ethereum (ETH) reaches to new all time high $4.9K and Dogecoin (DOGE) to $0.73.
The research revealed that Bitcoin is in the lead with close to 900K mentions, followed by Ethereum with 305K and Dogecoin with 150K.
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