Dogecoin is the most popular cryptocurrency in the United States, with the others trailing far behind.

According to statistics, Dogecoin is the most Googled cryptocurrency in the United States. According to Google Trends data, Dogecoin has the most states interested in investing in cryptocurrency, with a total of 23, including Illinois, Florida, Hawaii, and New Jersey. The growth in popularity can be traced in part to Tesla CEO Elon Musk’s sponsorship, who has been a vocal supporter of both Dogecoin and its competitor meme coin, Shiba Inu.

The Advisor Coach financial research business performed the survey throughout the United States to determine which cryptocurrency each state wants to invest in based on searches. In fact, in the month of October 2021, there was an average of 7 million searches for Dogecoin-related information. DOGE has a far higher degree of interest than the combined averages of Bitcoin and Ether.

Bitcoin was the second most popular cryptocurrency, with ten states, including Connecticut, Alaska, Mississippi, and New Hampshire, wanting to invest in Bitcoin more than any other cryptocurrency.

Eight states intend to invest the most in Ether, which is the third-highest figure in the study. Georgia, Louisiana, Virginia, and Ohio are among the states that are most interested in investing in Ethereum.

Shiba Inu, a meme coin that was launched just over 15 months ago, has grown by more than 14,000,000 percent in the last year. In seven US states, including California, New York, Texas, and Nevada, it is the most sought-after cryptocurrency.

Meanwhile, in Pennsylvania, Lithium was the most popular cryptocurrency. Only one state, Colorado, has Cardano as the most popular cryptocurrency.

Dogecoin and Shiba Inu have risen so rapidly that they now rank among the top ten cryptocurrencies in terms of market valuation. Dogecoin is now ranked tenth, while Shiba Inu is currently ranked twelfth.

“With over 6,500 cryptocurrencies accessible worldwide, it’s intriguing to see that currencies that aren’t the most expensive are nevertheless the most sought after,” a representative for Advisor Coach said. The search patterns show the influence of the two meme currencies’ frenzy, which has eclipsed historical assets that have dominated the digital currency industry for years.

Aside from celebrity backing, the sudden ascent of meme coins may be attributed to an increase in use cases as well as a listing on a prominent trading platform. In 2021, Dogecoin’s debut on Robinhood, a retail investing platform, was seen as a crucial catalyst. Simultaneously, the SHIB Army is lobbying for the token to be included in Robinhood. In addition, the tokens are seeing a surge in use for retail transactions.

Please follow and like us:

Related Articles

Facebook
Twitter
Telegram