By Frances Yue
Shiba Inu is the world’s third most googled cryptocurrency in 2021, a new study shows, as the meme coin climbs to its all-time high.
Shiba Inu has received 2.8 million searches on average per month so far in 2021, according to a recent study by Bacancy Technology. That compared with 22 million average monthly search volume of bitcoin and 6.3 million of ethereum.
Another Dog-themed coin Dogecoin /zigman2/quotes/226077044/realtime DOGEUSD -0.67% , ranked sixth, according to the study.
SHIB reached an all-time high of $0.0000497 earlier Tuesday. The cryptocurrency most recently traded at $0.000047, notching a 14.1% gain in the past 24 hours and a 72% gain in the past seven days, according to CoinDesk data.
The token posted a gain of 579% over the past 30 days, pushing its total market capitalization to $18.7 billion, the 11th largest among all cryptocurrencies.
Shiba Inu’s decentralized exchange Shiba Swap, which was launched in July, saw a jump in its trading volume in October, recording an all-time high of $452 million on Oct. 7, according to data from its website. It recorded an volume of $100.6 million on Monday.
Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.51% recorded a 1.3% loss in the past 24 hours, recently trading at $61,986. Ether was trading at $4,208, 3.9% below its all-time high of $4,379 in May, according to CoinDesk data. Dogecoin recently traded at $0.27, down 0.3% over the past 24 hours.