Shiba Inu Records Remarkable Growth in Social and Market Activities in Six Months

The spotlight shines on Shiba Inu (SHIB) following its remarkable performance in terms of social and market activities over the past six months.

Leading canine-themed cryptocurrency Shiba Inu (SHIB) has attracted the attention of the broader crypto community with its incredible growth over the past six months.

Data from the prominent social intelligence platform LuarCrush shows that Shiba Inu soared tremendously in social and trading metrics during this period.

Shiba Inu’s Social Metrics

Notably, the metrics where Shiba Inu recorded significant growth under the social category include creators, interactions, social media posts with interaction, posts created, and social dominance.

While the number of Shiba Inu-related creators spiked by 30,743%, SHIB’s social interactions also saw an increase of 12,854% over the past 6 months.

Regarding social media posts that received interactions, Shiba Inu recorded an impressive growth of 96,655% in the same period. It is worth mentioning that the social interaction metric considered social media users’ engagement with Shiba Inu-related posts.

These engagements include likes, reposts, and upvotes across social media channels like X, Discord, and Reddit.

Furthermore, under the social dominance metrics, which measure the significance of mentions for a specific cryptocurrency, Shiba Inu saw a 46,339.1% growth in this category over the past six months.

Shiba Inu Outstanding Market Activity

In addition to Shiba Inu’s remarkable dominance regarding its social activity, LunarCrush also highlighted the cryptocurrency’s prowess in terms of market activity in the last six months.

According to the data, the price of Shiba Inu saw an impressive growth of 306.8% within this period. It bears mentioning that Shiba Inu traded at around $0.00000679 on November 10, 2023, when the bull run had not completely materialized.

Amid the ensuing relief rally across the broader crypto market, Shiba Inu’s price soared to around $0.000045 on March 5 before retracing below $0.00003000 a few days later.

As of April 10, when LunarCrush shared its stats, SHIB token changed hands at $0.00002766, marking a six-month price increase of 306.8%.

Similarly, LunarCrush also disclosed that Shiba Inu’s trading volume increased by 398.9% in the last six months.

Team Celebrates Shiba Inu’s Feat

As expected, the Shiba Inu community members have taken to X to celebrate the impressive stats.

Reacting, the Shiba Inu ecosystem official X account celebrated the feat, noting that the remarkable milestone is only the beginning of what is expected to be an impressive journey.

The team further urged the Shiba Inu community to prepare for more significant growth in the future.

The #SHIBARMY is on FIRE! 🔥 6 Months of UNBELIEVABLE growth: 📈

•Creators +30,743%
•Posts with Interactions +96,655%
•Total Interactions +12,854%
•Price +306.8%
•Trading Volume +398.9%

This is just the beginning, frens! Buckle up for an amazing ride #SHIBArmyStrong… https://t.co/VT2txUlh37

— Shib (@Shibtoken) April 10, 2024

Source