Is SHIB still optimistic? Ethereum is the second most talked-about cryptocurrency on Twitter, trailing only Bitcoin.
(Photo courtesy of Unsplash.com) Is SHIB still optimistic? Second Most Mentioned Cryptocurrency on Twitter Getting the Best of Ethereum SHIB, a Doge-like coin, has reintroduced dog-themed coins to the charts, surpassing Ethereum as the second most talked about cryptocurrency on Twitter. Is this a hint that the cryptocurrency market has turned bullish, or is it all just hype? On Twitter, SHIB is now the second most talked-about cryptocurrency. There has been a lot of discussion around SHIB recently, and opinions are mixed. While some traders and investors appear to be bullish on SHIB and plan to HODL it, some leverage traders are taking advantage of potential Shiba Inu corrections.
According to a Twitter story by CoinTrendz.com, SHIB was mentioned 164 times in the hour leading up to the post among the top 10 cryptocurrencies. This comes in second place to Bitcoin, which has been cited 239 times.
In Twitter discussions, SHIB outperforms Ethereum.
Ethereum was the third most popular cryptocurrency on Twitter during this time period, with 151 mentions. The topic of whether or not the SHIB cryptocurrency crashed has been answered, according to a Deseret story.
According to a Benzinga report, SHIB fell by 30% throughout the course of a 24-hour period that ended on October 8, 2021. The drop occurred after a week of significant increases and despite increased social media engagement about the coin during that time.
SHIB outperformed both Litecoin and AVAX.
According to the publication, a drop in the coin’s value was “anticipated to happen” after the enormous gain. Another intriguing question is why did cryptocurrencies become so popular in the first place. Apart from DOGE, Cardano is another cryptocurrency that has attracted a lot of attention and has even been dubbed a “Ethereum killer,” but this has yet to be verified.
According to Bloomberg, SHIB had a significant bullish gain of 70%, surpassing Litecoin and Avalanche’s AVAX to become the world’s 12th largest cryptocurrency. Some of the coin’s success can be traced down to a “mystery whale” who famously purchased it. News from Brinkwire in a nutshell.