Shiba Inu’s rising worldwide popularity revealed in CoinMarketCap’s Q1 report.

The 15th-largest cryptocurrency, Shiba Inu is no stranger to its popularity among crypto investors. And the recent data released by CoinMarketCap (CMC), a leading cryptocurrency aggregator platform, in its Q1 report only further confirms this fact.

According to CMC, Shiba Inu is one of the most viewed cryptocurrencies on its platform, with investors across all continents paying close attention to the token’s price movements.

Shiba Inu Makes its Mark Across Continents

The data from CMC puts Shiba Inu among the popular crypto assets in different continents such as Oceania, South America, North America, Africa, Asia, and Europe. 

In these regions, the canine-themed asset class recorded over 12.5% views, with the exception of Europe, where it had only 11.56% views. North America is the most popular hub for Shiba Inu, as the asset class recorded 20.39% views among investors in the continent.

Still, Bitcoin remains the king, with the top asset class recording the highest score of 36.98% views in South America, the lowest score across all continents.

Shiba Inu On Over 1.84M CMC Users’ Watchlist

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In addition to its global views, CMC also reported that the number of users with Shiba Inu on their watchlists is on the rise. Currently, over 1.84 million CoinMarketCap users have the token on their watchlist, a significant rise from the 1,809,792 users reported in December.

This tool helps investors track the price movement of the nascent digital currency. Despite its price falling 86.82% from its record high of $0.00008616, Shiba Inu’s community is still going strong.

The latest report from CoinMarketCap is not surprising to many enthusiasts, as Shiba Inu has been in the news recently for its rapid surge in network activities. Yesterday, the canine-themed coin set a new record regarding the number of daily active addresses interacting on the network. According to data from seasoned analyst Ali Martinez, Shiba Inu’s daily active addresses reached almost 36K. 

Meanwhile, its layer-2 network Shibarium’s testnet, Puppynet, has also seen widespread adoption since it went live last month. As of March 31, the testnet registered over 200K wallets and a record of more than 1 million transactions. 

The rapid surge in Shiba Inu’s network activities has surely aided its recent price surge. At press time, Shiba Inu is trading at $0.00001137, up 6% in the past 24 hours.

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