Cryptocurrencies have been talked about incredibly in the last year. In fact, cryptocurrencies, which have been used for a long time, had gained a great reputation with the interesting movements of names such as Elon Musk. Aside from major currencies like Bitcoin and Ethereum, oddly named cryptocurrencies are dominating social media. So what are the most popular cryptocurrencies in November?
Shiba rises on the list of the most popular cryptocurrencies of November
Shiba Inu, which was first heard in 2020, has some common points with Dogecoin. First of all, the fact that both cryptocurrencies represent an animal and have a vector emblem may cause you to compare the two quite a lot. Famous entrepreneur Elon Musk made Dogecoin famous with his Dogecoin-related posts, and recently made Shiba Inu famous.
Twitter is a good platform to talk about cryptocurrencies. Therefore, we can determine how famous cryptocurrencies are by looking at how many names are mentioned on Twitter. According to CryptoRank’s research, the most mentioned cryptocurrency this month is Bitcoin as usual. Shiba Inu comes after this big coin, which means Dogecoin is less famous now.
There were 10,710,315 tweets about Bitcoin. Regarding the Shiba Inu, we see that 4,024,575 tweets were posted. You can see how famous other cryptocurrencies are from the chart below.
Another cryptocurrency similar to Shiba and Doge, CAKE seems to have outdone Doge. Since Elon Musk usually determines which cryptocurrencies will be discussed on Twitter, this list may take a very different turn next month.
Shiba Inu price drops
This is a big problem when cryptocurrencies like Bitcoin and Ethereum lose value by as much as 5 percent. However, coins like Shiba Inu and Dogecoin, also called ‘sh*tcoin’, can suddenly lose 30 percent of their value. The Shiba Inu is now faced with a familiar scenario. In November, Shiba plunged 43 percent, upsetting its investors.
Do you think cryptocurrencies like Shiba Inu and Dogecoin have a future?
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