Shiba Inu Retains Top Spot as No. 1 Memecoin in the US

shiba inu

Shiba Inu has proven to be one of the most popular meme coins in the cryptocurrency world, along with other assets like Dogecoin. Despite being created as a form of entertainment or joke, these coins have demonstrated significant potential and continue to gain popularity. 

A recent study by CoinGecko has identified the United States as the primary driver of the craze for meme coins in 2023, with India following closely behind. The United Kingdom also ranks high on the list of countries with the greatest interest in meme coins.

Interestingly, while the initial demand for meme coins was concentrated in a few countries, the current list shows a diverse range of nations. The craze for meme coins is now being led by countries such as the Philippines and Malaysia in Southeast Asia, Nigeria and Morocco in Africa, Australia and New Zealand in Oceania, and Canada. 

According to the same study by CoinGecko, the top ten countries mentioned above accounted for 82.9% of the interest in meme coins, indicating a widespread fascination with these assets.

Shiba Inu Generates the Highest Level of Interest

The interest in Shiba Inu, a popular meme cryptocurrency, has surged in various countries, with the highest level of attention coming from the United States. According to a recent report, Shiba Inu accounts for 46.7% of the total interest in meme coins, with 60.7% of that interest being generated in the U.S. and 55.8% in India. 

Read Also: Shiba Inu Price Prediction for May 2023

While other meme coins like Floki Inu, Bonk, and Baby DogeCoin are flourishing in certain countries like the Philippines and Nigeria, Shiba Inu remains the most sought-after meme cryptocurrency. Currently, SHIB is trading at $0.00001004 with a 0.36% daily increase.

shiba inu

PEPE is Also Creating a Buzz

PEPE has gained significant attention and popularity despite being a newly launched cryptocurrency. However, there is still much room for growth compared to its competitors. Nonetheless, PEPE has captured 11.8% of meme coin interest in the U.S. 

In Canada, on the other hand, it has generated the highest meme coin interest, accounting for 26.9% among the people. At press time, PEPE was up by 55% over the last 24 hours and was priced at $0.00000164346.

Read Also: Despite Shiba Inu Metaverse Progress, Brands are Presently ‘Toe-Dipping’

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