Does a Shiba Inu drown?
The popularity of Shiba Inu (SHIBA) token has fallen 10 times in three months
Feb 3, 2022
1 min read
Anna BakkerNews analyzer

The development of SHIBA has revealed the metaverse, but the tide is generally expected to be abrupt in the coming years.

According to Google Trends, the popularity of the “meme” Shiba Inu token in the Google search engine has fallen almost 10 times over the past three months.

The peak of interest in the token came at the end of October 2021, when the cryptocurrency reached a historical high above $0.000088, writes RBC.

The token is currently trading at just 0.000020, more than four times lower than all-time highs.

Recently, crypto whales have been buying SHIB very actively, but these purchases have almost nothing to do with cryptocurrency.

In addition, a proven mechanism was used. Every week they send a certain amount of coins to a blocked wallet, which completely returns these coins from circulation.

Over the past week, 332 million Shiba Inu have been burned this way. “This move caught the attention of buyers, instilling in them the myth of high activity,” writes the overclocker.

However, if 332 million coins are counted every week, it would take 15,000 years to burn at least half of all the coins.

A lot of money has also been invested in the new meta-village Siberia. The developers of Shiba Inu are widely touting the project, which offers excellent graphics with an incredible gaming experience.

Despite all the encumbrances, the Shiba Inu continues to get cheaper, and investors are disappointed in cryptocurrencies. Many assume that there is no place for "meme" tokens in the future.

It is not yet clear how surveillance and ether surveillance solutions are assembled, but interests are chosen from "meme" cryptocurrencies due to clear crimes in their creation.

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