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Since their birth, Shiba Inu and Dogecoin have been fighting each other in the crypto market, each representing a different meme. DOGE and SHIB are two of the most popular meme currencies in the cryptocurrency market, as well as some of the most volatile. While the cryptocurrency industry experienced tremendous gains, Shiba Inu’s rise was unprecedented in the crypto market’s history. SHIB was able to remove about six zeroes from its market value in less than a year, resulting in a one-year gain of approximately 45,000,000 percent.SHIB also surpassed big cryptocurrencies like Bitcoin and Ethereum as the most popular crypto asset in 2021. SHIB has emerged as one of the top cryptocurrencies that Americans want to sell following many market meltdowns, greater volatility, and higher inflation!
The research was based on data and statistics gathered from a Google Trends survey that aimed to compare the two digital assets using keywords or phrases like sell Shiba Inu’ and sell Dogecoin.’ According to the research, Shiba Inu is the most popular cryptocurrency for online purchases. In general, such surveys are designed to provide vital information on which digital assets investors sell the most and where they sell them.
Experts believe that such opinions have only surfaced as a result of Bitcoin and Terra’s huge crashes, which wiped out the whole crypto market’s worth. The majority of investors from 19 states in the United States, including Florida, Nevada, New York, and Tennessee, are looking for various ways to sell Shiba Inus. Other jurisdictions, such as Oregon, Kansas, Illinois, and Pennsylvania, to mention a few, have made Bitcoin the most popular cryptocurrency for investors to sell.
The effect of such a sell-off would be to eliminate the crypto market’s supremacy in the financial and economic markets. Although the value of both Shiba Inu and Bitcoin has been steadily decreasing in recent weeks, there is usually a glimmer of hope whenever the cryptocurrencies reach a minor bottom. However, as a result of the price declines, investors have opted to play it safe and have sold their crypto holdings.
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