thecryptobasic.com
The Shiba Inu (SHIB) community overwhelmingly won a poll for the most vocal and passionate community.
Shiba Inu team lead Shytoshi Kusama has appreciated the project’s community for their support. The latest bout of gratitude came after the SHIB community emerged victorious in a poll that gauged the most vocal and passionate memecoin community.
Shiba Inu came up against other memecoin majors, including Dogecoin (DOGE), Pepe (PEPE), and Meme (MEME). Yet, the SHIB community dominated with 44% of the votes as the most active memecoin. The closest rival, PEPE, claimed 25% of the votes, with DOGE and MEME claiming 18% and 13%, respectively.
Commenting on the results of the pool. Shiba Inu’s Kusama said he never doubted the project’s community would triumph. The poll received 7,748 votes, with Shiba Inu’s 44% win meaning it got 3,409 votes.
There was never a doubt in my mind… https://t.co/q2HSEmb406
— Shytoshi Kusama™ (@ShytoshiKusama) December 18, 2023
Shiba Inu Asserts Memecoin Dominance
While not binding, the pool results suggest a change in landscape and social engagements for memecoin projects.
While Dogecoin is the largest by market capitalization ($12.9 billion), Shiba Inu has gained a significant following despite having a market cap ($5.8 billion) that is almost twice as low.
PEPE ($500 million) and MEME ($250 million) have also made significant strides despite being well below a $1 billion market cap.
Meanwhile, Shiba Inu’s improved social engagement is not entirely surprising. While initially launched as a meme project, Shiba Inu has since expanded its ecosystem to offer more utility to holders.
In August, the project launched the Shibarium layer-2 network, which has since attracted more users and accelerated SHIB burns.
Shiba Inu also plans to venture deeper into DeFi, with Shytoshi Kusama recently admitting that the project is just getting started. Time will reveal whether this new niche will be a source of greater success for the SHIB community.