Investors in Turkey have been following the Shiba Inu (SHIB) closely since it entered the market. But lately, the biggest meme coin, Dogecoin (DOGE), seems to have taken the spotlight from SHIB. This change is also evident in the search trends of investors. Here are the details…
Investors focus on DOGE, not Shiba Inu
CoinGecko, one of the big data analysis platforms, provides statistics on the search tendencies of investors in Turkey every week. cryptocoin.com shares with. Between October 29 and November 4, the most sought-after cryptocurrency was Dogecoin (DOGE). As it is known, one of the biggest news of this week was Elon Musk’s takeover of Twitter. Dogecoin made the most of Elon Musk’s $44 billion Twitter buyout.
With this development, DOGE’s price rose and its total market cap surpassed Cardano’s (ADA). In this way, DOGE settled in eighth place by market capitalization. It has also aroused great interest for the crypto asset, as evidenced by 340,500 addresses purchasing a total of 63.72 billion DOGE tokens worth $5.86 billion. Bulk and large purchases took place, as explained by analytics platforms. These purchases were made at a minimum price of $0.069076 and a maximum of $0.126317. So, it is not surprising that DOGE is the most searched cryptocurrency in Turkey. DOGE recorded a nearly 60 percent increase in value in the seven-day period.
Other most searched coins include meme coins
Hacken HAI was the second most sought-after coin by investors in Turkey. HAI gained 13.5 percent on a weekly basis. After HAI came MFET and LUNC. As it is known, Terra Classic (LUNC) came to the fore with the Cosmos IBC integration vote recently. Also, the 1.2 percent tax burn on the coin has been reduced. This may have caught the attention of investors, and they may have wondered about the change in price.
Apart from that, ConstitutionDAO and Solana were also among the most sought after coins. As we reported yesterday evening, Solana gained momentum with the announcement of Google Cloud. Google Cloud has announced that they will be running Solana validators. After SOL and ConstitutionDAO came Babylons, Green Satoshi Token.
There was also Floki Inu (FLOKI) in the focus of cryptocurrency investors. Floki Inu, as it is known, is the third largest meme coin after DOGE and SHIB. DOGE’s momentum throughout this week has also positively impacted other meme coins. FLOKI may therefore be among the most sought after. Finally, BONE is on the list. This seems to make up for the Shiba Inu’s shortcoming on the list. BONE is one of the native tokens of the Shiba Inu ecosystem.
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