Shiba Inu, a dog-themed coin, never ceases to be loud. With the gripping crypto market crash happening, majority of American investors have hit the panic button and consider selling their digital assets – at which SHIB happens to top the list.
There are many options available for selling your SHIB in different states, such as New York and Florida.
The “king” of cryptocurrencies, Bitcoin, is trying to hold on to dear life and stay above the critical level of $20K. Over 17 US states, including Illinois, Oregon and Pennsylvania, have reported that investors are interested in selling Bitcoin.
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Google Trends: Shiba Iu is the Most In-Demand digital asset
The stats were derived from a study using Google Trends that compare the two digital assets using keywords or phrases such as “Sell Shiba Inu” and “Sell Dogecoin.”
This study gives crucial insight into which cryptocurrency investors are most interested in selling and where they can be found. Shiba Inu seems to be the most widely traded cryptocurrency online. These insights can have a significant impact on future and present prices.
SHIB, and DOGE are the most popular and sought-after meme coins.
Dogecoin, which has investors hailing from eight US states such as North Carolina, currently ranks third. Cardano, Ethereum and other tokens were also vetted well by investors from 3-4 states.
BTC market capital at $4.35 Billion according to the daily chart. Source: TradingView.com| Source: TradingView.com
DOGE was the most searched-for token category in every state in the United States for a period this year. DOGE came in third place, but SHIB came in fourth.
Meme Coins at Investor Interest
Meme coins have seen a decrease in investor interest. Critics would contend that the meme coins’ popularity and value is all based on hype and can be unreliable.
More so, critics also mentioned that these meme coins don’t have much utility. This is not true, however, as there are uses for them.
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Due to the perplexing current state of crypto economies, it is becoming more urgent for Americans to sell their digital assets.
SHIB’s price rose to nearly 14% within an hour. This was just 25 minutes. Bitcoin value improved as well as it spiraled way up to $22,340, following U.S. Federal Reserve Chairman Jerome Powell’s statement that huge rate hikes may not be common which did alleviate investor worries.
Shiba Inu remains the top meme coin and is the 17th most valuable cryptocurrency at the time of this writing.
Featured Image from Cointribune. Chart from TradingView.com