February 15, 2023 (Investorideas.com Newswire) New research has revealed the cryptocurrency that each state wants to invest in the most with Bitcoin taking the top spot.
The research conducted by cryptocurrency experts cryptomeister.com analyzed Google Trends data to establish the top five cryptocurrencies that each state wants to invest in based on searches.
The analysis revealed that Bitcoin revealed that Bitcoin is by far the most popular cryptocoin in America. In fact, the analysis found that Bitcoin had the highest number of searches in every American state, underscoring the currency’s dominance and widespread appeal. This is not entirely surprising, given Bitcoin’s status as the first and most well-known cryptocurrency, as well as its historical price increases and high market capitalization. While other digital currencies have emerged in recent years to challenge Bitcoin’s dominance, the analysis suggests that the original cryptocurrency continues to be the preferred choice for many American investors and enthusiasts.
According to the data, Ethereum is the second most searched cryptocurrency on Google in the United States. In fact, it is the second most googled cryptocoin in every state except Mississippi. This suggests that Ethereum has a strong following and interest across the country, with many people turning to the internet to learn more about this popular cryptocurrency.
Dogecoin has emerged as the third most searched cryptocurrency in the United States, according to our data. It ranks as the third most searched cryptocoin in forty-six states, with the exception of Mississippi, where it is the second most searched. Originally released in 2013, Dogecoin has gained significant attention and popularity in recent years, particularly in the wake of tweets and endorsements from high-profile figures such as Elon Musk. The cryptocoin had a market capitalization of over $85 billion, underscoring the growing mainstream interest in cryptocurrencies as a whole.
Shiba Inu has gained significant popularity as a cryptocurrency in the United States, ranking as the fourth most Googled cryptocoin in the country. The coin is also the fourth most Googled cryptocurrency in forty-one states, with the exception of Maryland and West Virginia, where it ranks as the third most searched. Launched in 2020, Shiba Inu has quickly attracted a large and growing following, due in part to its cute and playful dog-inspired branding. As of the latest data, its market capitalization is valued at $12.5 billion
XRP, the digital currency associated with Ripple, is the fifth most Googled cryptocurrency in the United States, according to the findings. It ranks as the fifth most searched cryptocoin in forty states, and fourth in searches for five states including Nevada, Idaho, Hawaii, New Jersey, and Connecticut. In Wyoming, XRP is the third most searched cryptocoin, ahead of Dogecoin and Shiba Inu.
Commenting on the findings, a spokesperson for cryptomeister.com said: “The rise in cryptocurrencies has been enormous in recent years, with more and more people looking to invest in them. This study highlights that Bitcoin’s popularity among cryptocurrencies remains supreme, despite the emergence of ‘memecoins’ and other contenders.”
The study was conducted by cryptomeister.com, a leading digital media company that provides news, market analysis and investor insights focused on cryptocurrency.
If using this story please link credit to www.cryptomeister.com
Sources: Google Trends
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