A new survey has revealed that Americans’ interest in Dogecoin (DOGE) is growing, even though the cryptocurrency has seen its price drop more than 50% since its all-time high.
Research conducted by cryptocurrency experts at Coin Insider analyzed Google Trends data to establish the cryptocurrency that the population of each US state wants to invest in based on surveys.
The analysis then revealed that Dogecoin had the most states wanting to invest in the cryptocurrency with a total of 23 states including Illinois, Florida, Hawaii and New Jersey.
The increase, according to the researchers, can be partially attributed to the endorsement of Elon Musk who has returned to support DOGE.
Then came BTC as the second most popular crypto asset. In all, ten states are looking to invest in BTC, including Connecticut, Alaska, Mississippi and New Hampshire.
Additionally, a total of eight states want to invest more in ETH, the third highest number in the survey. The states most looking to invest in ETH include Georgia, Louisiana, Virginia and Ohio.
Shiba Inu, meanwhile, debuted nineteen months ago and has grown astronomically, rising over 14,000,000%. This leads SHIB to have seven US states most interested in memecoin, with California, New York, Texas and Nevada.
Lithium was the most popular cryptocurrency in one state, Pennsylvania, and Cardano was also the most popular cryptocurrency in just one state, Colorado.
“The increase in investor interest in cryptocurrencies has been huge in recent years, with more and more people looking to invest in them,” stated Coin Insider.
The company further highlighted that the study offers insight into where US cryptocurrency investors are coming from and what they are buying.
“With number of cryptocurrencies available globally, it is fascinating to see that coins that may not be the most valuable are still the most sought after.”
