Following the crypto market crash, most Americans are eager to sell a variety of assets, with meme coin Shiba Inu (SHIB) topping the list.
According to data given from a Google Trends investigation conducted by Los Muertos, the majority of investors from 19 U.S. states, including Florida, Nevada, New York, and Tennessee, are looking for various ways to sell SHIB.
The analysis found that investors in 17 states want to sell Bitcoin as it battles to maintain over $20,000 per coin. Oregon, Kansas, Illinois, and Pennsylvania are among the states involved.
The study used Google Trends data to compare two cryptocurrencies using keywords like ‘Sell Bitcoin’ and ‘Sell Dogecoin.’
The study stated:
“This study offers incredible insight into where various cryptocurrencies are potentially being sold across America, with Shiba Inu being the most popular to sell on the internet. It will be interesting to see if these findings will be reflected in future prices,”
Dogecoin, another meme coin, ranks third, with holders in eight states, including North Carolina, looking to sell while prices are low. Ethereum and Cardano also came out on top, with investors preferring to sell in four and three states, respectively.
The list is led by the SHIB and DOGE meme cryptocurrency, which has risen in popularity in the last year to become one of the most sought-after assets. At some point in 2022, Dogecoin (DOGE) was the most-searched-for token in 23 states throughout the United States, with Shiba Inu (SHIB) ranking fourth.
Based on the interest in selling meme coins, it may be claimed that the buzz surrounding them is fading. Critics of the assets have said that the coins are useless, despite the fact that some are being used in industries like as payment.
The necessity to sell various digital assets may have been required by the overall decline in the value of various assets as the market continues to record capital outflow.
SHIB was trading at $0.000007 at press time, down a stunning 25% in the last seven days. DOGE was priced at $0.05 elsewhere, a decline of more than 35%.
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