Shiba Inu Has Been Falling In Recent Months

Shiba Inu (SHIB) has been falling in recent months. Shiba Inu transactions continue to decline for 4 months.

One of the lucky cryptocurrencies in 2021, both in terms of value and popularity, was the Shiba Inu (SHIB). But the last months have not been so lucky for SHIB. In particular, the number of SHIB's on-chain transactions decreased by 40 percent in January. This marks the fourth consecutive monthly decline. According to data from bloxy.info, 278,942 transactions were recorded on SHIB in January 2022. When we look at December 2021, this number was at the level of 475,157 transactions. This means a decrease of 41.29% in the 2-month period. When we compare January 2022 with November 2021, we see the main decrease. In November 2021, that number stood at 1,389,603. In other words, it was 4 times more than in January 2022. Interest in SHIB seems to have been dwindling lately. According to Google's statistics, the search volume for the phrases like 'How To Buy Shiba Inu’ or ‘How To Buy SHIB, has lost 90 percent of its value. This value, which was 100 on October 29, 2021, decreased to 8 on January 29, 2022.