The mounting popularity of Shiba Inu has been underlined by a recent report from CoinMarketCap (CMC). The leading cryptocurrency aggregator platform stated that the 15th-ranked cryptocurrency is one of the most watched crypto assets on its platform. Investors across multiple continents have been keeping a keen eye on the token's price movements, as per the data.

Shiba Inu has been viewed as a top cryptocurrency in different regions such as Oceania, South America, North America, Africa, Asia and Europe. In particular, North America has emerged as the most favorable hub for Shiba Inu - 20.39% of viewers reside in the continent. Reports have revealed that the number of CMC users keeping the canine-themed crypto on their watchlist has spiked to over 1.84 million.

Furthermore, the sudden surge in Shiba Inu's network activities have been largely responsible for its recent price performance. Data from analyst Ali Martinez revealed that Shiba INU's daily active addresses have reached over 36K, while the testnet Puppynet witnessed a record of over 1 million transactions since its launch last month. Despite a huge correction post its market peak, Shiba Inu is presently trading 6% up in the past 24 hours at the price of $0.00001137, according to CoinMarketCap.

Evidently, Shiba Inu continues to remain highly popular and in demand among crypto investors. Interests of CMC users in the token indicates a bullish run for Shiba Inu in the future.



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