SHIB’s Popular Mania Prevails, Could It Drive the Price Upwards?

Published 01/08/2023, 12:01
Updated 01/08/2023, 14:15
SHIB’s Popular Mania Prevails, Could It Drive the Price Upwards?

  • LunarCrush announced that SHIB was ranked first based on the top trending searches on its website.
  • SHIB had a total social engagement of 157.43 million after experiencing a surge of 20.68% in one day.
  • Indicators signal that the meme coin could face retracement irrespective of the high demand.

LunarCrush announced that SHIB was ranked first based on the top trending searches on its website. Moreover, OP and WLD tokens altcoins were in the second and third positions, respectively.

According to LunarCrush’s metrics, it was reported that SHIB had a total social engagement of 157.43 million after experiencing a surge of 20.68% in one day. Meanwhile, the meme coin, also known as the ‘Doge Killer,’ maintained an average social dominance of 4.8% in 24 hours.

These metrics based on SHIB social engagement and dominance could show that the meme coin has a rising demand, which may trigger an uptrend. Based on CoinMarketCap, SHIB’s trading volume is valued a $180,877,037 after a…

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The post SHIB’s Popular Mania Prevails, Could It Drive the Price Upwards? appeared first on Coin Edition.

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