Dogecoin, the infamous cryptocurrency once backed by Tesla CEO Elon Musk, has emerged as the most searched cryptocurrency on Google in the US, according to an analysis of Google Trends data. The study, conducted by a financial research firm called The Advisor Coach, reported that Dogecoin had the highest number of states looking to invest in the cryptocurrency with a total of 23 states, including Illinois, Florida, Hawaii, and New Jersey. The study was conducted across the United States to determine the cryptocurrencies people in each state want to invest in, based on searches.
See also: US: Sanctions imposed on cryptocurrency exchange Suex
According to a study by The Advisor Coach, Dogecoin averaged 7 million searches in October 2021. This, the report says, exceeds interest in Bitcoin and Ether combined. The Advisor Coach report said this popularity is partly due to Tesla CEO Elon Musk having endorsed Dogecoin on multiple occasions. “The surge in interest can be attributed in part to the endorsement of Elon Musk, who stated earlier this year that Tesla would accept dogecoin as a payment method,” the company said.
See also: Cryptocurrency scam, themed around Elon Musk, is being distributed via emails
Bitcoin was the second most popular cryptocurrency with 10 states wanting to invest in Bitcoin more than any other currency. This included Connecticut, Alaska, Mississippi and New Hampshire. People from just eight states said they wanted to invest in Ether more than any other crypto – these included Louisiana, Georgia, Ohio and Virginia.
See also: PayPal's cryptocurrency service available in the UK
Ether was followed by Shiba Inu (SHIB) – a coin whose value has skyrocketed by 14,00,000 percent since its debut about 15 months ago – which came in as the fourth most popular cryptocurrency with seven states, including California, New York, Texas, and Nevada interested in investing.
Information source: news18.com
