According to a study by financial advisory firm The Advisor Koch, dogecoin is the most preferred cryptocurrency in 23 US states, including Florida, Hawaii, Illinois and New Jersey. Data obtained from Google Trends Analysis. Bitcoin is the most preferred cryptocurrency in 10 states, including Alaska, Connecticut and New Hampshire, second only to DOGE. Other frequently searched cryptocurrencies include Ethereum and Shiba Inu.
This popularity of Dogecoin may be due to the approval of Elon Musk. Whenever Tesla’s CEO tweets about Altcoin, its price goes up and attracts more attention from users and investors.
The latest tweet was released on October 18 and raised the price of DOGE by 13%. But Musk has only released a photo of a dog holding a spacecraft. This tweet may be a continuation of the speculation that Dogecoin will become the official currency of Mars. Two days before the tweet, the global blockchain news bulletin CoinIdol reported that the community was delighted with the idea of bringing DOGE to the future colony of Kasturi on Mars.
In fact, another altcoin CEO of Tesla may be responsible for the popularity of Shiba Inu. Altcoin got more attention after Musk posted a tweet with a photo of the new puppy of his named breed. In just 30 days, cryptocurrency has grown by 400%. However, it came to a standstill after Elon declared that he had no stake in Shiba Inu.
Regardless of whether Elon Musk affected the leadership of Bitcoin in the United States, the global situation has not changed. BTC is the most searched cryptocurrency by 2021 with 24.7 million monthly queries worldwide, according to Google search data. Dogecoin comes in second, followed by ethereum and shiba inu.
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