According to a recent study analyzing Google Trends data, the cryptocurrency dogecoin’s search volume in the United States was highest in the most states as compared to other cryptos. The research also details that the leading crypto asset in terms of market capitalization, bitcoin, was the second most popular crypto asset, with ten different states.
Dogecoin marks 23 states, while Bitcoin commands 10
A recent study authored by Coin Insider combed through Google Trends data to determine which crypto asset was searched by the most states. Research indicates that the meme-based cryptocurrency dogecoin (DOGE) is the most popular in the United States, at least according to data from Google Trends. DOGE has scored 23 states as explained by data from Coin Insider.
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 meme-coin asset out of the $36.4 billion worth of meme-based cryptocurrencies. Coin Insider’s metrics show dogecoin captured states like North Dakota, Montana, Illinois, Florida, Hawaii, New Mexico, New Jersey, and Oregon.
During this time, bitcoin (BTC) scored ten states, including Idaho, Arkansas, Mississippi, Connecticut, Alaska, and New Hampshire. According to data from Google Trends (GT), the search term “bitcoin” in the United States currently has a score of 29 out of a maximum score of 100. The last time the search query for “bitcoin” reached a score of 100 was during the week of May 16-22, 2021.
Ethereum, Shiba Inu, Cardano Trail Behind
Ethereum (ETH) captured eight states which include Ohio, Virginia, Georgia, Indiana, and Louisiana. Behind ethereum’s heels in the study is shiba inu (SHIB), as the meme-based crypto asset collected a total of seven states in the country. After hitting 100 during the week of October 24-30, 2021, the search term “SHIB” now has a zero rating.
The cardano (ADA) smart contract token has captured Colorado, according to findings from Coin Insider. While ADA is up 40% in the past 30 days, year-to-date stats show cardano is up just 2.6%. The search term “cardano” in the United States peaked at 100 during the week of May 9-15, 2021, according to GT Metrics. This week’s search query for “cardano” currently has a GT score of 18.
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.
