Introduction
According to Google Trends data over the last year on the most popular crypto assets in Europe, the US, and the UK, Bitcoin, Dogecoin, and Shiba Inu rank highest respectively. The reports were shared with Bitcoin.com News.
Bitcoin is no.1 in Europe.
In Europe, bitcoin is the most popular cryptocurrency in Europe. Bitcoin was the most searched cryptocurrency in 21 countries across Europe, including countries such as Germany, Finland, Norway, Poland, Romania, and Belgium, bitcoin was the most popular cryptocurrency.
Europe has up to 38 million crypto users and Europeans have access to thousands of coins and tokens in the crypto market. So it may not be much of a surprise that beyond bitcoin, Shiba Inu has also gained popularity in Europe, surpassing bitcoin in major countries such as Russia and the United Kingdom (UK).
Dogecoin, the memecoin, isn’t a joke in the US.
But it is a different story in the United States (US) where memecoins were found to be the most popular cryptocurrencies in the country. According to Coin Insider’s research study, Dogecoin is the most searched cryptocurrency on the Internet in the US, based on Google Trends. Dogecoin is popular in up to 23 states, including North Dakota, Montana, Illinois, Florida, Hawaii, New Mexico, New Jersey, and Oregon. Dogecoin’s popularity has been partly linked to Elon Musk’s endorsement of Dogecoin on social media, particularly Twitter. Not coincidentally, Dogecoin price jumped by 27% when it was reported that Elon Musk was buying Twitter this month.
Coming after Dogecoin in the US is bitcoin. Bitcoin is highly popular in 10 states, including Idaho, Arkansas, Mississippi, Connecticut, Alaska, and New Hampshire. Third in the rank is Ethereum, highly popular in 8 states, including Ohio, Virginia, Georgia, Indiana, and Louisiana. Shiba Inu, captured using data from seven states across the US, rank fourth in the list.
Shiba Inu rules with the Queen in the UK.
The same Shiba Inu which is no. 4 in the US is the most popular cryptocurrency most searched on the Internet in the UK, shows a study published by Askgamblers.com. While the UK may be generally considered more conservative than the US, UK crypto-asset investors were found in the study to largely favor the memecoin over bitcoin as far as the search volumes were concerned.
Apart from ranking no. 1 in the UK, Shiba Inu also topped searches for crypto assets in six countries, including France, Italy, Russia, Spain, Switzerland, and Ukraine. This makes Shiba Inu the second most popular crypto in Europe.
At the height of the Covid-19 pandemic, memecoins, particularly Dogecoin and Shiba Inu, became the easiest and cheapest means millions of new users got introduced to cryptocurrencies.
What is the most searched cryptocurrency in your country?
Trade carefully.
The cryptoassetbuyer, investor, or trader is advised to trade carefully. Always apply appropriate risk management, and take profits where possible. The bulls and bears are forever in battle. Hence, we continue to closely watch the market to see if it makes a move, whether green or red. Keep a close eye on the market with CAB’s Crypto Market Live page where you can view price changes of several thousands of coins and tokens live.
