Dogecoin and Shiba Inu are the ones that americans find most interesting
Bitcoin is the largest cryptocurrency by market capitalization, but Dogecoin and Shiba Inu are the ones that Americans find most interesting. Talking about DOGE, it is currently trading at $0.2225.
DOGE/USD 4-hour chart | Source: TradingView
Shiba Inu and Dogecoin is the most searched cryptocurrencies on Google USA during November
According to a study by research firm The Advisor Coach covered by Business Insider, there was an average of 7 million searches for content about Dogecoin last month. Such interest exceeds the average of Bitcoin and Ethereum combined.
While Bitcoin and Ether account for more than 60% of the total market value of all cryptocurrencies, throughout 2021, Dogecoin and Shiba Inu have captured the hearts of Americans, trending in 30 out of 50 USA. Anyone who thinks the crypto meme is useless at this point might want to revise their expectations.
“The rise in interest can be partially attributed to the endorsement of Elon Musk, who stated earlier in the year that Tesla would accept dogecoin as a form of payment,” according to Business Insider, such spike can be linked to the Dogefather’s influence.
The Motley Fool catalogs Dogecoin as a hyped token with virtually no real-world utility. It seems that things could change soon with a series of capital investments and Elon Musk’s interest in improving Doge’s code to adapt it to global usability standards. Dogecoin is the most popular currency in 23 American states, including Florida, Hawaii, New Jersey, and Arizona. The United States has the most comprehensive searches for Dogecoin, with 97 points out of 100 in Google Trends, second only to Turkey – which has a fraction of the population.
Interest in Dogecoin | Source: Google
Shiba Inu is not far behind. The Dogecoin spin-off already dominates searches in California (the U.S. tech hub), Washington, Nevada, Wyoming, Texas, North Carolina, and New York. Just as a contrast, Bitcoin reigns in 10 states and Ethereum in 8. Cardano is Colorado’s favorite.
Most searched cryptocurrencies in the United States | Source: Business Insider
The crypto market meme emerged as a kind of social phenomenon during the coronavirus pandemic. Cryptocurrencies like Dogecoin, Shiba Inu, Floki Inu, and others benefited from social media pumping despite the lack of significant fundamentals.
However, Dogecoin and Shiba Inu have grown to the point where they have conquered the Top 10 cryptocurrencies with the largest market capitalization. Currently, Dogecoin is in 10th place, and Shiba Inu is in 12th place.
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