Shiba Inu outpaced Dogecoin, ranked sixth in U.S. survey

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Shiba Inu outpaced Dogecoin, ranked sixth in U.S. survey

The Shiba Inu, a dog-themed altcoin of the Shiba Ecosystem, outpaced major crypto assets such as Tether, Cardano, Solana, and many others and was hailed as the sixth most popular cryptocurrency among American investors, based on a recent survey.

ConsenSys and YouGov conducted a survey in the U.S. titled: What are your thoughts on the findings of the survey?

While Bitcoin and Ethereum, two of the world's largest crypto assets by market capitalization, Dogecoin, Elon Musk's favorite crypto and the world's first meme coin ranked as the third most popular, followed by Binance and USDC on the fourth and fifth place.

Shiba Inu is sixth with 17%, followed by Tether, UST and Solana in the seventh spot with 16% and Cardano in the eighth spot with 13% of the respondents.

The ranking also refers to the top cryptocurrency assets held by American investors.

The survey also revealed that the majority of Americans don't consider investing in crypto, while 43% of them are interested in the nascent industry, with 18% of them not making the decision to invest yet.

In July, a study conducted by crypto bookmakers Cryptobetting.com and International Business Times revealed that Shiba Inu beat Ethereum and Dogecoin in terms of popularity among U.S. investors.

The study utilized search volume data to compare and contrast different cryptocurrencies from the top 100 cryptos and determine the most searched cryptocurrencies in America.

While Bitcoin had a monthly search volume of 1,910,000, Shiba Inu saw a monthly search volume of 484,000, which was mainly due to its distinctive brand and enthusiastic community - the Shib Army, alternatively known as the fierce and loyal members of the Shib Ecosystem.

Shiba Ecosystem and Shibarium Tech marketing specialist who uses the X handle @LucieSHIB shared with IBT that she is proud of what SHIB has accomplished.

I'm immensely proud to see Shiba Inu steadily but surely establishing itself at the top, the marketing specialist said.

SHIB was trading down at $0.000007585 in the afternoon, with a trading volume down by 2.78% to $98.89 million, marking a 0.77% drop in the last 24 hours and a loss of 66% over the past seven days.

SHIB's total circulating supply is $589.35 trillion, down by 0.92%, to a $4.48 billion market cap.