Shiba Inu Ranks No. 1 In List Of Coins Americans Want To Sell, Survey Shows
June 16 2022 - 7:38AM
NEWSBTC
Dog-themed coin Shiba Inu never fails to make noise. With the
gripping crypto market crash happening, majority of American
investors have hit the panic button and consider selling their
digital assets – at which SHIB happens to top the list. Different
states in the US such as New York, Florida, Tennessee, and Nevada
are looking for many ways to sell their SHIB. The “king” of
cryptocurrencies, Bitcoin, is trying to hold on to dear life and
stay above the critical level of $20K. Many investors in over 17 US
states that comprise Illinois, Oregon, Pennsylvania, and Kansas
have expressed desire to sell BTC. Suggested Reading | Bitcoin At
$20K Could Be ‘New Bottom,’ Commodity Expert Suggests, And Here’s
Why Google Trends: Shiba Inu Most In-Demand Digital Asset The stats
were derived from a study using Google Trends that compare the two
digital assets using keywords or phrases such as “Sell Shiba Inu”
and “Sell Dogecoin.” The study provides crucial insights on what
cryptocurrency do most investors sell and information as to where
these cryptocurrencies are sold in the United States. Shiba Inu
appears to be the most popular crypto being sold online. These
insights are relevant because it can impact current and future
prices. The list is led by the two meme coins, SHIB and DOGE which
are both very popular and in-demand assets. Dogecoin currently is
in the third place, with investors coming from eight major states
like North Carolina. In other states, Cardano and Ethereum also
were most vetted with investors coming from three to four states
who wanted to sell the tokens. BTC total market cap at $4.35
billion on the daily chart | Source: TradingView.com There was a
time this year wherein DOGE surpassed SHIB in terms of the
most-searched-for token category in all 23 states in the United
States. DOGE ranked third while the most popular meme coin, SHIB
was in the fourth spot. Investor Interest For Meme Coins It seems
that investor interest has waned a bit when it comes to meme coins.
Critics would contend that the meme coins’ popularity and value is
all based on hype and can be unreliable. More so, critics also
mentioned that these meme coins don’t have much utility. However,
this seems to be untrue because there are some uses seen for
payments. Suggested Reading | Ethereum Drops Below $950 On
Uniswap Overnight – Here’s Why With the current perplexing state of
the crypto economy, more Americans find it an urgent need to sell
digital assets. SHIB price has increased to as much as 14% in just
one hour and 25 minutes. Bitcoin value improved as well as it
spiraled way up to $22,340, following U.S. Federal Reserve Chairman
Jerome Powell’s statement that huge rate hikes may not be common
which did alleviate investor worries. Shiba Inu, the leading meme
coin, remains to rank as the 17th largest cryptocurrency as of this
writing. Featured image from Cointribune, chart from
TradingView.com
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