CoinMarketCap's Q1 report revealed that Shiba Inu is amongst the most viewed cryptocurrencies on the platform. Investors across the globe are paying close attention to the price movement of the 15th largest cryptocurrency, showing an increased interest in Shiba Inu.

Analyzing the report, investors have shown more interest in Shiba Inu in countries such as Africa, Asia, North America, Oceania and South America respectively. Collectively, these countries account for 12.5% views of Shiba Inu. The interest and demand for Shiba Inu is highest in North America, where 20.39% of investors are viewing the asset - a clear indication of the growing popularity.

The Q1 report revealed that over 1.84million CoinMarketCap users have Shiba Inu in their watchlist. The data is suggestive of an active community, despite the asset's price dropping 86.82% from its ATH of $0.00008616. Currently, Shiba Inu is trading at $0.00001137 and is up 6% over the past 24 hours.

The increasing popularity of Shiba Inu is an indication of the expanding global community of investors and enthusiasts of the cryptocurrency, with Europe lagging slightly in terms of views on the asset class. With volatility, liquidity, and fundamentals all playing a role, it will be interesting to see the changes in the Q2 report and demand for Shiba Inu throughout the rest of 2021, and how the asset class develops over time.



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