Shiba Inu continues to dominate social media, but despite that, the price is falling

Shiba Inu is still incredibly popular among crypto investors. However, the popularity has not been able to stop the downward trend. The SHIB price is down almost 50% from its all-time high, with the token now trading around $0.000050. The price hype has therefore decreased, but the social media statistics seem to show a very different picture.

Shiba Inu is the undisputed king of Twitter

Shiba Inu has dominated social media for the past few weeks. Since the huge price rally was started, interest around the token has grown rapidly and this was reflected on Twitter and Facebook. In fact, not a day goes by without SHIB trending and most notably, despite the SHIB price already starting to decline in October, it was by far the most popular crypto on social media.

Shiba Inu is still the most talked about crypto on Twitter, according to data from research firm ICO Analytics. More than 22 percent of the discussions surrounding crypto were about SHIB. That is a huge volume, especially when compared to Dogecoin, which was mentioned in ‘only’ 4.8% of the discussions.

Shiba Inu even overtook Bitcoin and Ethereum in terms of social media volume. Bitcoin and Ethereum were mentioned in 7.2 percent and 8.1 percent of the discussions. So that makes SHIB the undisputed king of Twitter.