According to Binance, Shiba Inu (SHIB) was the third most watched cryptocurrency in 2022


In a difficult year for cryptocurrencies like Bitcoin, Ethereum and others, Shiba Inu entered the ranking of the coins most watched by investors, according to information from Binance.

According to data from the world’s largest cryptocurrency exchangeBTC, ETH, and the SHIB memecoin were the top 3 most-viewed coins on the exchange in 2022. Binance revealed the information in a Dec. 18 post.

At the same time, the second most famous coin referencing the Shiba Inu dog, SHIB held the position of the fifth most viewed cryptocurrency on CoinMarketCap in the last 24 hours, preceded only by Bitcoin, BNB, Ethereum, and Terra Classic (LUNC).

By this metric, Shiba Inu outperforms XRP, Solana (SOL), Cardano (ADA), Tether (USDT), Dogecoin (DOGE), as well as Polygon (MATIC), in the number of recent views received by CoinMarketCap visitors . It is worth noting that CoinMarketCap, which served to firm up the Binance data, was bought by the exchange.

Still, with the entire market falling this year, SHIB was no different and pulled back hard, mainly because the asset lacks innovative fundamentals and relies mostly on memetic strength to grow.

SHIB/USD in 2022 (YTD – year to date). Chart: Coinmarketcap.

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