Dogecoin is the most searched Cryptocurrency in the US: Coin Insider Study


A recent survey by blockchain news website Coin Insider, analysing the Google trends data of the popular cryptocurrencies in the US, revealed the highly searched digital coins on the internet by maximum states. Dogecoin was reported to be the highest googled cryptocurrency in the US, Bitcoin.com reported, citing the study. The search volume of Dogecoin was the highest in the majority of states in the US in comparison to other cryptocurrencies.
The study provided the following data about the Google trends of other cryptocurrencies :
* Dogecoin leads cryptocurrencies as the most googled cryptocurrency in 23 states.
– Dogecoin was found to be popular in states like North Dakota, Montana, Illinois, Florida, Hawaii, New Mexico, New Jersey, and Oregon.
* Bitcoin followed Dogecoin and is the second most popular crypto asset, in 10 different states.
– Bitcoin had high popularity in states like Idaho, Arkansas, Mississippi, Connecticut, Alaska, and New Hampshire.
– The Google Trends (GT) data, revealed that the search term Bitcoin currently has a score of 29 out of a top score of 100 in the U.S.
– Bitcoin search query had last achieved a score of 100 during the week of May 16-22, 2021.
* Ethereum ranked third in the list with 8 states including Ohio, Virginia, Georgia, Indiana, and Louisiana.
* Shiba Inu, a meme-based crypto asset, followed Ethereum with popularity in 7 states in the country.
* This was followed by Cardano (ADA) that captured Colorado, according to Coin Insider’s findings. Cardano’s search volume increased 40% in the past 1 month, but it gained only an increase of 2.6% on a yearly basis.
– The search term Cardano scored the highest points 100 during the week of May 9-15, 2021, according to GT data.
* Coin Insider’s research attributed Dogecoin’s popularity partly to Elon Musk’s endorsement of the meme-coin on social media.
– Musk said in 2021 that Tesla would accept Dogecoin as a form of payment.
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