Google Trends data shows that a meme coin project is more popular across Europe than its rival Dogecoin (DOGE), which is backed by Tesla CEO Elon Musk.
This meme coin is more popular than Dogecoin (DOGE) according to Google data
A study conducted by Askgamblers.com using data from the world’s leading search engine, Bitcoin (BTC) is the most popular in Europe. found that while the popular cryptocurrency was the Shiba Inu, it surpassed Ethereum in popularity to reach second place. Studies show that Bitcoin is the most sought-after cryptocurrency in 21 countries across Europe. Bitcoin is followed by Shiba Inu, the most popular cryptocurrency in seven countries, including the UK, France, Italy, Spain, Portugal, Ukraine and Russia. It is followed by Ethereum in four countries, including Sweden, Slovakia, and Latvia. This is followed by Cardano, leading searches for three countries, and Dogecoin, the most sought-after cryptocurrency in Greece and Albania, followed by ADA.
Google Trends uses an index-like approach to represent search interest, but does not display exact numbers. It does, however, show that interest in the cryptocurrency has grown from 12 out of 100 overall over the past two weeks. The outcome of SHIB was recently supported by developments in the cryptocurrency ecosystem, which included the launch of a burn portal that distributes rewards to token burners, and increased investor adoption.
Which altcoin projects do investors consider long term?
As we recently reported on Kriptokoin.com, users at Coinbase have a median wait time of over 120 days for Cardano and Shiba Inu, which is superior to most other cryptocurrencies on the platform. According to the data shown on Coinbase’s price sheets, Cardano’s (ADA) typical hodl period is 121 days, meaning that ADA users on the platform hold their assets for more than four months before “selling it or sending it to another account or address.”
Similarly, the meme-inspired cryptocurrency Shiba Inu There is a typical 120-day retention period. According to the cryptocurrency exchange, a long holding period “indicates a tendency to accumulate”, while a short holding period indicates “increasing token movements.”
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