Recently released research published by the financial advisor The Advisor Coach has revealed the cryptocurrency that each US state wants to invest in the most, and guess who’s taken the top spot.
The research conducted by financial advisor The Advisor Coach analysed data from Google Trends to establish the cryptocurrency that each state wants to invest in based on searches.
The analysis revealed that Dogecoin had the highest number of states wanting to invest in the cryptocoin with a total of twenty-three states, including Illinois, Florida, Hawaii and New Jersey.
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.
Bitcoin was the second most popular with ten states searching to invest in Bitcoin more than any other cryptocurrency, including Connecticut, Alaska, Mississippi, and New Hampshire.
A total of eight states want to invest in Ethereum the most, the third-highest number in the research. States seeking to invest in Ethereum the most include Georgia, Louisiana, Virginia and Ohio.
Shiba Inu debuted fifteen months ago and has grown astronomically, rising more than 14,000,000%. This leads it to be seven US states’ most searched for cryptocurrency to invest in, with states including California, New York, Texas and Nevada.
Lithium couldn’t be more popular than it is in Pennsylvania, whilst citizens of Colorado appear to favour the Cardano coin the most.
Commenting on the findings, a spokesperson for The Advisor Coach said: “The rise in cryptocurrencies has been enormous over the last year, with more and more people looking to invest in them.
“This study offers incredible insight into where these investments are coming from across the US, with Dogecoin surpassing Bitcoin as the most popular cryptocurrency on the internet. With more than 6,500
cryptocurrencies available globally, it is fascinating to see currencies that may not be the most valuable are still the most sought after.”