- 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.
Trending searches on https://t.co/Ye6YvohFao1⃣ $shib
2⃣ $op
3⃣ $wld
4⃣ $matic
5⃣ $lunr
6⃣ $btc
7⃣ $ltc
8⃣ $doge
9⃣ $naka
$snxhttps://t.co/hPxlix8S8d
— LunarCrush (@LunarCrush) July 31, 2023
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.