Dogecoin Is The Most Searched Cryptocurrency On Google In The U.S.
Dogecoin (DOGE) leads the cryptocurrencies in the U.S. based on the average number of monthly internet searches.
According to Bacancy Technology‘s research on Google cryptocurrency search data, Dogecoin is not falling out of favor with investors, as suggested by DOGE’s stagnant recent price action, and rival meme token Shiba Inu gaining ground in market cap ranking.
A strong weekend performance saw +60% gains for Shiba Inu at its peak. However, profit-taking on Sunday led to SHIB losing most of those gains to close yesterday’s daily with a long top wick.
A 19% jump to the upside today suggests buyers remain keen on Shiba Inu. At the time of writing is trading at $0.000041.
On the other hand, Dogecoin is relatively flat and has been since September. Since the weekend, $DOGE gained 9%, to close Sunday above $0.26 resistance for the first time in seven weeks.
The $0.26 level, where it currently trades, has become a major resistance zone to break, having been rejected at this level on several occasions since September 8.
Despite of this, a study by Bacancy Technology reveals Dogecoin is the most popular cryptocurrency in the U.S, as determined by Google searches.
Dogecoin brings in 7,000,000 searches a month on average. The next most popular is Bitcoin, with 4,700,000 searches per month. And Ethereum ranks third with 1,800,000 searches a month.
Shiba Inu (SHIB), which was only launched Somewhat surprisingly, considering its relatively recent launch on August 1, 2020, makes fourth place with 870,000 searches a month on average.
The full results for average monthly searches on Google are:
Dogecoin 7,000,000
Bitcoin 4,700,000
Ethereum 1,800,000
Shiba Inu 870,000
Cardano 704,000
Litecoin 339,000
Avalanche 297,000
Polygon 221,000
Cosmos 214,000
Uniswap 194,000
Commenting on the findings, Bacancy Technology attributed Dogecoin’s popularity to the endorsement of high-profile figures, including Snoop Dogg and Mark Cuban. The firm also highlighted the rise in trading apps, such as Robinhood, that have low barriers to entry and cater to users who aren’t necessarily trading specialists.
About Bacancy Technology
Bacancy Technology is a privately owned software development firm based in Gujarat, India, with offices in the U.S, Canada, Australia, UAE, and Sweden.
The firm builds and delivers full stack custom solutions enabling businesses to transform their digital operations.
“Bacancy Technology has successfully proved it’s worth delivering thousands of successful products, and we have been privileged enough to work with fortune 500 clients like Mercedes-Benz, Red Bull, Disney, Warner Bros., 3M, Volkswagen and many more.”
