After the queen of cryptocurrencies, Bitcoin (BTC), it is the memecoins Shiba Inu and Dogecoin that are the most popular crypto assets in America.
Bitcoin, Shiba Inu and Dogecoin: the podium of the most popular crypto assets in America
According to a study conducted by bookmaker CryptoBetting.com, the most popular crypto assets in America are Bitcoin, Shiba Inu and Dogecoin, respectively.
This report is based on research volume data to analyze and compare different cryptocurrencies among the top 100 cryptocurrencies (by market capitalization).
And indeed, Bitcoin turns out to have 1,910,000 monthly searches, followed by Shiba Inu with 484,000 monthly searches and then Dogecoin with 280,000 monthly searches.
Bitcoin is the crypto par excellence, the first decentralized digital currency, which gained its popularity precisely as a leader in the revolution of the traditional financial system.
The results on Shiba Inu and Dogecoin are even more interesting. Shiba Inu, for example, garnered popularity initially as the “Dogecoin Killer,” also inspired by the Shiba Inu dog breed, and becoming by market capitalization the second largest memecoin.
Dogecoin, on the other hand, is the first meme coin par excellence, attracting a more diverse community of supporters who appreciate its fun and friendly nature. Among many, even Elon Musk has shown his support for the crypto.
The ranking continues with fourth place Ethereum (238,000 monthly searches), Cardano – (118,000), Ripple (92,000), Uniswap (87,000) and Pepe (85,000).
Bitcoin, Shiba Inu and Dogecoin: how are the three crypto assets doing?
Taking a look at the latest news on the three crypto projects, Bitcoin is on everyone’s lips mainly because of the news about BlackRock and its likely issuance of the first ETF on spot BTC in the US. Of course, this is still pending approval by the the US Securities and Exchange Commission (SEC).
Not only that, recently, there has also been a new all-time high in the hashrate employed globally for Bitcoin mining. Indeed, 400 Eh/s was exceeded for the first time in history.
Also at stake is the much-anticipated halving of Bitcoin, which is expected roughly at the end of April 2024, yet it is already creating a lot of excitement in the community. The upcoming halving will see the reward for miners go from the current 6.25 BTC per block to 3.125 BTC per block.
In all three previous cases, the year following the halving always saw an upward trend in Bitcoin’s price, which then settled down the following year again.
Turning to Shiba Inu, by mid-June, a large whale had added $10 million in SHIB, increasing its total stake. Furthermore, the blockchain testnet of “Puppynet” has surpassed 20 million transactions.
Regarding Dogecoin, there is not much news in the last month. In fact, the last somewhat more popular one was last April when Elon Musk had changed the Twitter logo image from the classic blue bird, to the DOGE logo.
BTC, SHIB and DOGE: the prices of the three crypto assets
Looking at the ranking by market capitalization of the three most popular crypto assets in America, in first place is BTC, followed in eighth position by DOGE and in 18th position SHIB.
BTC has been traveling in the $30,000 range for three weeks now, DOGE between $0.06 and $0.07, and SHIB between $0.000006 and $0.000008.
At the time of writing, BTC is worth $30,351, DOGE $0.064 and SHIB $0.0000074.
Overall, the performance of the three most popular crypto assets in America has been bullish in price over the past 30 days, with BTC registering price pumps of +16%, SHIB +11% and DOGE +4.6%.