29 C
Mumbai
Sunday, November 27, 2022

Dogecoin Is the Most Googled Cryptocurrency in the US – Coin Insider Study

Dogecoin Scores 23 States, While Bitcoin Commands 10

Must read

A recent study authored by Coin Insider analysing Google Trends data of cryptocurrency to find out which crypto asset was searched for by most of states. The research indicates that the meme-based cryptocurrency dogecoin (DOGE) is the most popular in the United States, at least according to Google Trends data.

Dogecoin’s search volume in the United States was highest in the most states as compared to other cryptos and scored 23 states as Coin Insider’s data explains.

Dogecoin (DOGE) is currently the 12th largest crypto asset in terms of valuation as the crypto asset’s market cap is $19.8 billion. DOGE also holds the title as the top and biggest meme-coin asset out of the $36.4 billion worth of meme-based cryptocurrencies.

Trends Study Says Dogecoin Is the Most Googled Cryptocurrency in the US

The study by Coin Insider provided the following data about the Google trends of other cryptocurrency.

  • Dogecoin (DOGE) leads cryptocurrencies as the most googled cryptocurrency in 23 states like North Dakota, Montana, Illinois, Florida, Hawaii, New Mexico, New Jersey, and Oregon.
  • Bitcoin (BTC) is the second most popular cryptocurrency after Dogecoin in 10 states like Idaho, Arkansas, Mississippi, Connecticut, Alaska, and New Hampshire. The search query for “bitcoin” hit a score of 100 last time during the week of May 16-22, 2021, now it has a score of 29 out  100,
  • Ethereum (ETH) is popular in 8 states which include Ohio, Virginia, Georgia, Indiana, and Louisiana.
  • Shiba Inu (SHIB), the second biggest meme-based crypto asset after Dogecoin is popular in 7 states . The search term ‘SHIB’ scored 100 out of 100 during the week of October 24-30, 2021, now has a zero rating.
  • The smart contract token cardano (ADA) captured Colorado. The search term “cardano” in the U.S. tapped a high score of 100 during the week of May 9-15, 2021, according to GT metrics. This week, the search query for “cardano” currently has a GT score of 18.
  • Elon Musk Reveals Dogecoin Will Be Accepted at Tesla’s Supercharger Station

Coin Insider’s research claims dogecoin’s popularity is partly due to Elon Musk’s endorsement of the meme-coin in recent times. “The rise in interest can be partially attributed to the endorsement of Elon Musk who stated in 2021 that Tesla would accept Dogecoin as a form of payment,” Coin Insider’s study says.

 

Read More:

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article