Shiba Inu Coin in America Breaks a Record. The dominance of Shiba Inu coin trading in the American market has reportedly experienced a surge, so that the search volume for Shiba Inu on crypto trading exchanges rose to second place just below Bitcoin with a total search reaching 484,000 times.
Even thanks to the skyrocketing popularity of the Shiba Inu, this puppy coin meme was able to defeat the domination of Ethereum’s search volume which was only 238,000 times and Ethereum’s position which was only able to record 280,000 searches.
The popularity of Shiba Inu in America has started to increase since mid-May yesterday, coinciding with the release of an Ethereum-based layer 2 network built to enhance the Shiba Inu ecosystem.
With this innovation, the transaction fee for this meme with the image of a puppy can be set at a lower price, when compared to other crypto asset transactions. Not only cutting production costs, network renewal is also intended to help develop the Shiba Inu into a more dynamic ecosystem.
This is the reason why the adoption of Shiba Inu over the last few months has increased to 60.7 percent, causing the transaction volume of this puppy-illustrated crypto meme to experience a sharp spike. That shot to 10 million transactions in the first quarter of 2023.
Shiba Inu Coin in America. Not only that, the presence of an Ethereum-based layer 2 network built on the Shiba Inu ecosystem also sparked a positive response and made the value of the Shiba token soar up to ten times its lowest price, where in early February Shiba was only pegged at around 0.000000001513 US dollars.