Dogecoin and Shiba Inu are the biggest meme projects in the cryptocurrency market. They are seeing increased adoption from giant companies from around the world following exponential growth in 2021. But have you ever thought that Shiba might be more popular than Dogecoin now?
Research shows UK investors prefer Shiba Inu over Dogecoin
A recent Google Trends study shows that British investors prefer Shiba Inu over Dogecoin. Analysis by Askgamblers.com evaluated data from Google Trends for a year and listed the most popular cryptocurrencies among British investors. This analysis reveals that Bitcoin is the most sought-after cryptocurrency in 21 countries, outstripping the others by a wide margin. Bitcoin remains the most popular crypto in Europe. The Shiba Inu continues to challenge the largest cryptocurrencies by country…
Analysis sees a significant increase in Shiba Inu searches in the previous year. In terms of search traffic, investors in the United Kingdom, one of the 21 countries analyzed, preferred meme coins over Bitcoin. The Shiba Inu has won in the UK and six other countries (Suisse, France, Spain, Ukraine, Italy and Russia). With this, SHIB became the second most popular currency in Europe.
Thus, it pushed Shiba Inu above the original meme coin Dogecoin, which ranked fifth on the list after Ethereum and Cardano.
Doge popular with US investors
While the Shiba Inu is more popular with UK investors than Dogecoin, it’s not at the top of every ranking. Dogecoin is still the most popular cryptocurrency worldwide. The US has been a hotbed for Dogecoin and has not backed down. A new US study shows that Dogecoin is still the obvious choice for American investors. Shiba Inu was the most popular cryptocurrency in seven of the 50 states, while Dogecoin was the most popular in 23 states.
However, the prices of both cryptocurrencies fell from their all-time highs. As quoted by Kriptokoin.com, Dogecoin lost 80% of its value from $ 0.74, which was the ATH level on May 8. The Shiba Inu is down 73.37% from its ATH level of $0.0008 on Oct. 28. They are still vying for digital dominance. Because the communities behind these cryptocurrencies typically overlap, their values tend to move in stride.
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