Memecoins can't stop making the headlines since the beginning of 2021 as investors show interest day by day. A recent study has highlighted the veracity of the rising popularity, indicating their dominance as the most searched in the United States.
Research conducted by the financial advisor platform The Advisor Coach and published by Business Insider shows that Dogecoin (DOGE) and Shiba Inu (SHIB) were the most-searched digital assets on Google in 30 U.S. states.
According to the study, Dogecoin was ranked top in 23 states. Note that the interest in the king of memecoins is partially credited to Tesla CEO Elon Musk, who praised the coin with his many tweets, pushing the price to hit its all-time high.
Meanwhile, SHIB was the most searched digital asset in 7 states. SHIB’s popularity is attributed to its tremendous price surge and impressive returns since hitting the market last year. The "Dogecoin Killer" has skyrocketed in value by at least 14,000,000%.
Surprisingly, Bitcoin was the most-searched crypto in just 10 U.S. states. Meanwhile, Ethereum, the second-largest crypto by market cap came in 3rd place as the most searched crypto in 8 states. Not to mention that both Bitcoin and Ethereum searches combined are still low when compared to Dogecoin.
The popularity of the 2 memecoins is the result of hypes that have outshined historical assets that have continued to dominate in the crypto space for years.
However, Ethereum ranking higher than Shiba Inu shows that the historical digital assets still have power. In particular, both Bitcoin and Etherum have also increased in value, attracting interest from individuals and institutional investors.