Trends Study Says Dogecoin Is the Most Googled Cryptocurrency in the US – Bitcoin News

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. Research also revealed that bitcoin was the most widely used crypto asset according to market capitalization. It is found in ten states.

Dogecoin wins 23 States; Bitcoin takes 10

Coin Insider recently conducted a study that looked at Google Trends data and found which cryptocurrency asset was most searched by states. According to Google Trends data, the most searched for cryptocurrency in America is DOGE (meme-based crypto dogecoin). DOGE scored 23 states as Coin Insider’s data explains.

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 is also the most valuable meme-coin asset, with $36.4 billion in value of all meme-based crypto currencies. Coin Insider’s metrics show dogecoin captured states like North Dakota, Montana, Illinois, Florida, Hawaii, New Mexico, New Jersey, and Oregon.

Bitcoin (BTC), however, scored 10 states, including Idaho, Arkansas and Mississippi. According to Google Trends (GT) data, the search term “bitcoin” in the U.S. currently has a score of 29 out of a top score of 100. The last time the search query for “bitcoin” hit a score of 100 was during the week of May 16-22, 2021.

Ethereum, Shiba Inu & Cardano Trail

Eight states were captured by Ethereum (ETH), which includes Ohio, Virginia and Georgia as well as 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 smart contract token cardano (ADA) captured Colorado, according to Coin Insider’s findings. ADA’s value has increased 40% in the last 30 calendar days. However, cardano is down 2.6% year to date. The search term “cardano” in the U.S. tapped a high of 100 during the week of May 9-15, 2021, according to GT metrics. This week, the 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.

What’s your opinion of Coin Insider’s recent study? Do you agree with the study’s findings? Please comment below on your views.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Redman is passionate about Bitcoin and open-source codes. Redman is a prolific writer for Bitcoin.com News, with over 5,000 articles on disruptive protocols.