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.
Bitcoin At $20K Could Be ‘New Bottom,’ Commodity Expert Suggests, And Here’s Why| Bitcoin At $20K Could Be ‘New Bottom,’ Commodity Expert Suggests, And Here’s Why
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.”
It provides valuable insights into the cryptocurrency that most investors buy and details about where these cryptocurrencies can be purchased in America. Shiba Inu seems to be the most widely traded cryptocurrency online. These insights can have a significant impact on future and present prices.
This list includes the meme coins SHIB (which are very in-demand and highly popular) and DOGE (which is low on demand).
Dogecoin is currently in third place with investors from eight states, including North Carolina. Cardano, Ethereum and other tokens were also vetted well by investors from three to four different states.
BTC Total Market Cap at 4.35 Billion on the Daily Chart | Source: TradingView.com
DOGE was the top-searched token category across all the 23 US states this year, surpassing SHIB at one point. DOGE was ranked third, while SHIB, the most-popular meme coin in America, was at the fourth place.
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. However, it seems that this is false because some of the uses can be used for payment.
Suggested Reading: Ethereum Drops below $950 Overnight – Here’s How| Ethereum Drops Below $950 On Uniswap Overnight – Here’s Why
A growing number of Americans feel the need to sell digital assets because of the complex state the crypto economy is in.
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.
As of writing, Shiba Inu is still the most popular meme coin.
Featured image taken from Cointribune. Chart taken from TradingView.com
