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Shiba Inu and Dogecoin invaded the crypto market, representing various memes, and waged a brutal fight against each other since their inception. Both DOGE and SHIB are two of the most popular meme coins in the crypto market and are also some of the most volatile ones as well. While the cryptocurrency market yielded massive gains, Shiba Inu's growth was historic, something that the crypto market had never witnessed before. Within a period of a year, SHIB was able to eradicate almost six zeroes from its market value, with a single-year gain of over 45,000,000%. SHIB also became the most-viewed crypto asset of 2021, overtaking major cryptocurrencies like Bitcoin and Ethereum. But after several market meltdowns, increased volatility, and enhanced inflation, SHIB has emerged as one of the top crypto coins that Americans wish to sell off!
The study was based on the information and statistics that were derived from a survey using Google Trends which aims to compare the two digital assets using keywords or phrases such as 'sell Shiba Inu' and 'sell Dogecoin'. The study reveals that Shiba Inu has emerged as the top cryptocurrency that is being sold online. Generally, such surveys aim to deliver crucial insights on which digital assets investors sell the most and where they are selling them.
Experts believe such sentiments have only emerged after Bitcoin and Terra's major crash which took down the value of the entire crypto market. The majority of investors from about 19 states in the USA are searching for different methods to sell Shiba Inu, including states like Florida, Nevada, New York, and Tennessee. There are other states, like Oregon, Kansas, Illinois, and Pennsylvania, to name a few, where Bitcoin has emerged as the top cryptocurrency that investors wish to sell-off.
The end result of such a sell-off would initially end the dominance of the crypto market in the financial and economic markets. The value of both Shiba Inu and Bitcoin has been massively declining over the past several weeks, there is generally a small indication of hope whenever there is a slight bottoming out of the cryptocurrencies. But the price declinations have caused investors to play safe and have eventually led them to sell off their crypto investments.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
