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

According to a latest examine analyzing Google Trends knowledge, the cryptocurrency dogecoin’s search quantity within the United States was highest in probably the most states as in comparison with different cryptos. The analysis additionally particulars that the main crypto asset when it comes to market capitalization, bitcoin, was the second hottest crypto asset, with ten totally different states.

Dogecoin Scores 23 States, While Bitcoin Commands 10

A latest examine authored by Coin Insider combed by way of Google Trends knowledge to seek out out which crypto asset was looked for by probably the most states. The analysis signifies that the meme-based cryptocurrency dogecoin (DOGE) is the preferred within the United States, no less than based on Google Trends knowledge. DOGE scored 23 states as Coin Insider’s knowledge explains.

Dogecoin (DOGE) is at the moment the twelfth largest crypto asset when it comes to valuation because the crypto asset’s market cap is $19.8 billion. DOGE additionally holds the title as the highest meme-coin asset out of the $36.4 billion price of meme-based cryptocurrencies. Coin Insider’s metrics present dogecoin captured states like North Dakota, Montana, Illinois, Florida, Hawaii, New Mexico, New Jersey, and Oregon.

Meanwhile, bitcoin (BTC) scored ten states which embrace Idaho, Arkansas, Mississippi, Connecticut, Alaska, and New Hampshire. According to Google Trends (GT) knowledge, the search time period “bitcoin” within the U.S. at the moment has a rating of 29 out of a high rating of 100. The final time the search question for “bitcoin” hit a rating of 100 was in the course of the week of May 16-22, 2021.

Ethereum, Shiba Inu, Cardano Trail Behind

Ethereum (ETH) captured eight states which embrace Ohio, Virginia, Georgia, Indiana, and Louisiana. Behind ethereum’s heels within the examine is shiba inu (SHIB), because the meme-based crypto asset collected a complete of seven states within the nation. After hitting 100 in the course of the week of October 24-30, 2021, the search time period “SHIB” now has a zero score.

The sensible contract token cardano (ADA) captured Colorado, based on Coin Insider’s findings. While ADA is up 40% over the last 30 days, year-to-date stats present cardano has solely gained 2.6%. The search time period “cardano” within the U.S. tapped a excessive of 100 in the course of the week of May 9-15, 2021, based on GT metrics. This week, the search question for “cardano” at the moment has a GT rating of 18.

Coin Insider’s analysis claims dogecoin’s recognition is partly as a result of Elon Musk’s endorsement of the meme-coin in latest occasions. “The rise in curiosity may be partially attributed to the endorsement of Elon Musk who said in 2021 that Tesla would settle for Dogecoin as a type of fee,” Coin Insider’s examine says.

What’s your opinion of Coin Insider’s latest examine? Do you agree with the examine’s findings? Let us know what you concentrate on this topic within the feedback part beneath.