Trends Study Says Dogecoin Is the Most Googled Cryptocurrency in the US – Coin Insider conducted a study using Google Trends data to determine which crypto asset was searched for the most in each state.
According to Google Trends data, the meme-based cryptocurrency dogecoin (DOGE) is the most popular in the United States. According to Coin Insider’s research, DOGE scored 23 states.
Dogecoin (DOGE) is now the 12th most valuable cryptocurrency, with a market capitalization of $19.8 billion. DOGE is also the most valuable meme-coin asset among the $36.4 billion in meme-based cryptocurrencies. Dogecoin has taken over states like Montana, North Dakota, Florida, Illinois, Hawaii, New Jersey, New Mexico, and Oregon, according to Coin Insider’s metrics.
Meanwhile, ten states, including Arkansas, Idaho, Connecticut, Mississippi, New Hampshire, and Alaska, scored for bitcoin (BTC). According to Google Trends (GT) data, the search phrase “bitcoin” gets a score of 29 out of 100 in the United States. During the week of May 16-22, 2021, the search phrase “bitcoin” received a score of 100.
Ohio, Georgia, Virginia, Louisiana, and Indiana are among the eight states that have adopted Ethereum (ETH). Shiba inu (SHIB), which is based on a meme, came behind ethereum in the survey, with a total of seven states. The search term “SHIB” now has a zero rating after spiking 100 during the week of October 24-30, 2021.
According to Coin Insider’s research, the smart contract token cardano (ADA) has captured Colorado. While ADA has increased by 40% in the previous 30 days, cardano has only gained 2.6 percent. According to GT metrics, the search term “cardano” reached 100 high in the United States during the week of May 9-15, 2021. The search term “cardano” currently has a GT score of 18 this week.
According to Coin Insider’s study, dogecoin’s popularity is due to Elon Musk’s recent endorsement of the meme-coin. According to Coin Insider’s research, “the spike in interest can be partially linked to Elon Musk’s backing, who announced that Tesla would accept Dogecoin as a form of payment.”