Although the leading cryptocurrency Bitcoin (BTC) is still billions of dollars ahead of its closest competitor, it continues to be defeated by other competitors in popularity day by day.
Compared to Bitcoin’s total market cap, the overall search rate on Google is definitely falling sharply. Benefiting from this reduction dogecoin and shiba inu seems to be happening.
DOGE and SHIB Are Very Popular
Although BTC and ETH occupy 60% of the total market capitalization of the crypto money industry, neither is in the first place in terms of popularity.
In November, the most sought-after cryptocurrencies in the USA were Dogecoin and Shiba Inu. The Advisor Coach research has announced that DOGE and SHIB are the most sought-after cryptocurrencies in 30 of the 50 states.
It is stated that 7 million searches were made for DOGE alone in the USA last month. Such a high level of interest surpasses even searches previously seen for Bitcoin and Ethereum. According to the information conveyed by Business Insider, this meme token addiction in the USA originates from Elon Musk.
Of course, the fact that Musk tweeted about DOGE and subsequently achieved a record price rise as a copy of Shiba Inu’s DOGE, of course, managed to attract the attention of US citizens.
Despite this, both DOGE and SHIB are experiencing a price drop due to falling popularity, which predictably leads to a cycle of decline in popularity.