Shiba Inu outpaced Dogecoin, Bitcoin tops the list

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Shiba Inu outpaced Dogecoin, Bitcoin tops the list

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

ConsenSys and YouGov conducted a survey in the U.S., named 'The Greatest Survey of the Year'.

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

The Tether, UST and Solana rank sixth with 17%, followed by Tether, UST and Solana in the seventh spot with 16% and Cardano in the eighth spot with 13%.

The ranking is also associated with the top crypto assets held by American investors.

The survey also found that a significant majority of Americans do not consider investing in Crypto, while about 43% of the respondents are interested in investing in the nascent sector, and 18% of them haven't made the decision to invest yet.

In July, Cryptobetting.com and Cryptobetting.com published a study that revealed that Shiba Inu outperform Ethereum and Dogecoin in terms of popularity among U.S. investors.

The study relied on search volume data to compare and contrast 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 witnessed a monthly search volume of 484,000, which was due to its unique branding and enthusiastic community - the Shib Army, also known as the fierce and loyal members of the Shib Ecosystem.

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

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

ET on Wednesday said SHIB was trading down by 2.78%, with a monthly trading volume down by 2.78% to $98.89 million, representing a decrease of 0.77% in the last 24 hours and a decrease in the past seven days.

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