Interest in Dogecoin and Shiba Inu peaks in the US

Sahana Kiran
Source – Unsplash

Who would have thought that a mere meme coin would become so popular? We didn’t either. Dogecoin [DOGE], the OG meme cryptocurrency changed the dynamics of the crypto-verse with its entry. While Bitcoin [BTC] remains the undefeated champion, meme coins were sidelining BTC with their popularity. A recent list that entails the top five most-searched cryptocurrencies in the United States was proof of the same.

1. Dogecoin

Don’t fall for those puppy eyes. Dogecoin is a lot more than a meme coin. At least Elon Musk has been pushing it to be. From frequently endorsing DOGE to including it in Tesla, Musk has time and again displayed his inclination toward DOGE.

Just yesterday, Musk broke the internet after emerging as the biggest shareholder at Twitter with a 9.2% stake. Even though Musk restrained from making Dogecoin-related statements, the altcoin shot up. This news even paved the way for speculations of a potential DOGE tipping jar soon. Some even suggested that Musk would change the Twitter logo into a dog instead of a bird.

This was further speculated to be the reason behind DOGE topping the list of the most searched coins.

Additionally, during press time, Dogecoin was trading for $0.1522 with a 6.22% daily surge.

2. Bitcoin

Bitcoin’s presence in this list isn’t surprising at all. The oldest and largest crypto has always remained on top. The latest price surge of the asset put the focus right on the king coin. With several countries legalizing Bitcoin, it might soon replace fiat. Banking giant Goldman Sachs even suggested that its affluent clients were eyeing Bitcoin as a hedge against inflation.

With a market cap of $886.71 billion, Bitcoin remains untethered as the largest crypto. During press time, BTC was trading for $46,653 with a dainty surge of 1%.

As Satoshi Nakamoto celebrates his/her/ their birthday today, Bitcoin emerged as the second most searched crypto in the US.

3. Ethereum

While several suggest that Ethereum has been losing its hold on the crypto-verse, the US thought otherwise. Ethereum was the third most searched crypto in the country.

The majority of crypto initiatives on the market are aimed at increasing the value of their individual asset. The Ethereum network, on the other hand, has established a platform that provides a safe haven for other projects while also allowing them to build on the ETH blockchain. The Ethereum network is about to have a makeover, thanks to its big shift to Proof-of-Stake.

At press time, the second-largest crypto was trading for $3,518.74 with a 1.72% rise over the last 24-hours.

4. Shiba Inu

This coin required no introduction. Surprisingly, it isn’t in the first place. Shiba Inu revolutionized the meme crypto arena. With numerous ‘partnershibs‘ and impeccable global reach, Shiba Inu was the new dog in town.

April seems to be looking great for the altcoin with several updates ahead. The network has been working on its very own metaverse, followed by a website as well as stablecoin SHI.

Even though SHIB’s price remains low-key, the altcoin has been going places in terms of popularity. During the time of writing, SHIB was still trading for a low of $0.00002667 with a 1.37% daily surge.

5. Cardano

Despite slipping down the crypto ladder, the altcoin has managed to stay afloat in terms of popularity. Once, the fourth-largest cryptocurrency, Cardano has now slid down to the eighth position. At press time, the altcoin’s market cap was at $40.48 billion.

With a steady price, Cardano is still miles away from its all-time high of $3.10. The altcoin was trading for $1.20 with no major changes over the last 24-hours.

Despite its inert price, the Chicago Mercantile Exchange [CME] most likely has eyes on the altcoin.

Snoop Dogg’s upcoming podcast with Charles Hoskinson has also put the Cardano network beneath the crypto spotlight.