Shiba Inu and Dogecoin: The Most Searched Cryptocurrencies on Google USA During November
Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution.
Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of Americans, trending in 30 of the 50 United States.
Dogecoin Conquers Almost Half Of The United States
According to a study by research firm The Advisor Coach covered by Business Insider, there was an average of 7 million searches for content about Dogecoin last month. Such a level of interest exceeds the averages for Bitcoin and Ethereum combined. According to Business Insider, such spike cand be linked to the Dogefather’s influence:
“The rise in interest can be partially attributed to the endorsement of Elon Musk who stated earlier in the year that Tesla would accept dogecoin as a form of payment,”
And although the popular financial publication The Motley Fool catalogs Dogecoin as a “hyped token with virtually no real-world utility,” it seems that things could change in the near future with a series of capital investments and Elon Musk’s interest in improving Doge’s code to adapt it to global usability standards.