Interest in Shiba Inu wanes along with his Google searches

Shiba Inu (SHIB) owners haven't had much to cheer about lately. Crypto.com announced today that it will no longer offer rewards for the SHIB and 13 other tokens. Earlier this month, Shiba Inu lost more than 20.000 wallet holders in a single day, but has since somehow managed to attract 14.000 new users. Additionally, a report by 36 fintech experts released last month predicts that SHIB will lose all of its value within three years.

Confirming the bad news for Shiba Inu, SHIB was quoted at $ 0,00001010 at press time. This is a nearly 8% drop on the day and an 88% price drop in cryptocurrency exchanges from its maximum price of $ 0,00008845, according to CoinMarketCap.

Shiba Inu's Google search has plummeted over the past eight months

Using the Google Trends app, global searches for the term “Shiba Inu” have dropped by 94% over the past eight months. The application shows that for the current week the searches for “Shiba Inu” have reached only the sixth place. That's compared to the search peak of 100 in the same week it hit its all-time high on October 28, 2021.

This erosion of popularity should be worrying for SHIB holders, considering that since its launch in August 2020, the Shiba Inu project has seen its strongest string of positive developments in the final months of 2022. The most important milestones are achieved this year and include the minting of the popular NFT collection, the launch of the Shiba Inu metaverse and the sale of virtual land, the recent launch of the burning portal to reduce supply, the listing on the Robinhood trading app, and the 'implementation of its own blockchain is expected.

However, despite all these recent findings, SHIB hasn't demonstrated sustained growth in its user base, usefulness, price value, or popularity. That's why investing in the token through platforms such as Bitcoin Revolution it could be a good idea.

 These aren't good signs for the former meme coin top dog. As the cryptocurrency winter continues, it seems increasingly likely that SHIB will be left in the cold during the next bull cryptocurrency cycle.