Home | Crypto News | Shiba Inu (SHIB) Outshines Rivals As Top MemeCoin In U.S., Says CoinGecko Study

Shiba Inu (SHIB) Outshines Rivals As Top MemeCoin In U.S., Says CoinGecko Study

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Despite increased competition, Dogecoin (DOGE) rival Shiba Inu (SHIB) remains the most widely used memecoin in the United States.

Shiba Inu was by far the most widespread meme token in the U.S. in 2023, based on the cumulative page views of the most highly valued 15 meme coins, accounting for 60.7% of interest in the speculative asset class, according to a new study by CoinGecko.

The analysis also revealed that, globally, interest in memecoins is highest in the U.S., promptly followed by India and the United Kingdom.

The U.S. has emerged as the primary driving force behind the current craze of meme coins. According to the study, the U.S. dominated the interest in meme coins in 2023, exceeding 2 million views of the top meme coin pages, accounting for 23.6% of the interest so far.

Shiba Inu is currently the most popular meme coin in the U.S., with 60.7% of U.S. interest in meme coins generated by it this year. The study indicates that Pepe, a recently gained popularity cryptocurrency, is responsible for 11.8% of meme coin interest in the U.S, with Bonk and Volt Inu following behind. This study highlights the dominance of Shiba Inu in the meme coin market and the increasing popularity of newer meme coins.

Shiba Inu is also the most well-known memecoin globally. It is followed in popularity by Baby Doge Coin (BABYDOGE), Pepe (PEPE), a recently released meme asset, Floki (FLOKI), and Solana-based Bonk (BONK).

Shiba Inu has surfaced as the most popular meme coin among people, driving 46.7% of attraction among the top meme coins in 2023. Baby Doge Coin is next on the list, generating 12.3% of meme coin interest, followed by Pepe, Floki, and Bonk, which drove 9.4%, 8.6%, and 8.2% of meme coin interest, respectively.

At the time of the report, Shiba Inu is trading for $0.000009946, a decrease of 1.10% over the previous 24 hours.

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