The story then prompted a flood of responses from armchair investors on Reddit, with one participant saying their life savings are now tied up in the cryptocurrency - and they are also refusing to sell, despite being homeless. The UK's Sun Newspaper also reported investor excitement in the Sheba Inu currency, running a story on an investor who had sold their flat and ploughed the cash into the meme coin hoping to become a billionaire. States include California, New York, Texas, and Nevada. This has resulted in it taking the top spot in seven US states’ under searches for the most searched for cryptocurrency to invest in. The Advisor Coach research also revealed that Shiba Inu, which debuted in 2020, has skyrocketed, rising more than 14,000,000%. New cryptocurrencies gaining in popularity States seeking to invest in Ethereum the most include Georgia, Louisiana, Virginia, and Ohio. The top 23 states, included Illinois, Florida, Hawaii, and New Jersey and experts believe the rise in interest can be partially attributed to the endorsement of Elon Musk who stated earlier in the year that Tesla would accept Dogecoin as a form of payment.īitcoin came in as the second most popular with just ten states searching to invest in Bitcoin more than any other cryptocurrency, including Connecticut, Alaska, Mississippi, and New Hampshire.Īnother newcomer was Etherium, which came first in eight states, the third-highest number in the research. Cryptocurrency competition between Bitcoin and Dogecoin In a recent study conducted by The Advisor Coach, a US-based financial advisor, Google Trends data showed that Dogecoin has received the highest number of searches in 23 States, that expressed investment interest. While Bitcoin has been ruling the cryptocurrency roost for the past decade and looks set to do so, contenders are swiftly catching up, new research shows.
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