People all over the world are looking to learn what is the impact of cryptocurrency and the potential of earning more money from buying it. Though Bitcoin is the largest cryptocurrency by market capitalization, it seems Americans are interested in learning more about Dogecoin and Shiba Inu. People who have dismissed meme cryptocurrencies outrightly will have reasons to rethink. According to a recent study, in many places in the United States, people are more interested in puppy-themed meme coins than big serious projects. The study said people are interested in Dogecoin or Shiba Inu. Bitcoin and Ether have more than 60 per cent of the total marketcap of all cryptocurrencies. However, Dogecoin and Shiba Inu are the ones that attracted Americans in 2021 so far with both of them trending.
There was an average of 7 million searches for content related to Dogecoin last month, according to a study by research firm The Advisor Coach covered by Business Insider. The level of interest has surpassed the averages for Bitcoin and Ethereum combined. Business Insider said such spike can be linked to the Dogefather’s influence. The increase in interest could be due to the endorsement of Elon Musk. Earlier this year, he stated that Tesla would accept dogecoin as a form of payment. The most popular currency in 23 American states, including Florida, Hawaii, New Jersey, and Arizona, is Dogecoin. US is the country with the most overall searches for Dogecoin, with 97 points out of 100 in Google Trends.
On the other hand, Shiba Inu is dominating in searches in California (the U.S. tech hub), Washington, Nevada, Wyoming, Texas, North Carolina, and New York. The market for meme cryptocurrencies shot to prominence the coronavirus pandemic. Dogecoin and Shiba Inu secured a spot in the Top 10 of cryptocurrencies with the largest market capitalization.