SHIB and DOGE were the most searched for coins on Google US this November as Americans find them the most interesting even though Bitcoin is the largest cryptocurrency by market cap, so keep reading our latest altcoin news today.
Anyone who thinks the meme coin is useless should reconsider their expectations. A recent study shows that people in the United States are even more interested in dog-themed meme coins like SHIB and DOGE than they are in any other serious financial venture supposed to be revolutionary. Although Bitcoin and Ether account for more than 60% of the total market capitalization of all crypto assets, SHIB and DOGE were the most wanted coins in the US in November as they captured the hearts of Americans.
According to research by Small business Insider’s research firm The Advisor Coach, there were an average of 7 million searches for content on DOGE in November, beating the average for BTC and Ethereum combined. According to Business Enterprise Insider, this increase could be related to the dog dad’s influence:
“The rate hike is partly due to support from Elon Musk, who announced earlier this year that Tesla would accept Dogecoin as a form of payment.”
Although popular financial publication Motley describes Fool Doge as a “hype token” with no real utility, with a flurry of capital investment and Musk’s interest in improving the DOGE code to bring it up to high usability standards, the situation appears to be changing . . Dogecoin is the most popular currency in 23 states such as New Jersey, Hawaii, Florida, and Arizona. The US is also the country with the most Dogecoin searches, just behind Turkey. Shiba Inu isn’t really behind. The DOGE spin-off dominated searches in California, Nevada, Wyoming, Texas, and North Carolina. The meme money market developed as a kind of social phenomenon during the coronavirus pandemic, and crypto-assets like Shiba Inu, Doge, FLoki Inu benefited from social media pumps, although there were no major social media investments. Dogecoin and Shiba have grown to the point of conquering the top 10 crypto assets with larger market caps and now DOGE is in the top 10NS in place while Shiba is over 12NS.