If someone told you a year ago that meme coins, actually shitcoins, are the most popular cryptocurrency that competes with ETH, you would think that was crazy. Well, the crypto ecosystem is not lacking in craziness and can surprise anyone including the creators of DOGE.

One survey A recent poll of US voters found that 33% of Americans have heard of DOGE. This meme coin ranks right behind Bitcoin in terms of recognition or popularity. ETH, the largest altcoin by market capitalization, ranks third with 13% of the total vote, followed by LTC with 8%, USDT 4% and BNB 4%.

Source: Echelon Insights

Data analytics firm Echelon Insights has reported the following: tweets says 3 out of 4 voters have heard of Bitcoin and 1/3 of voters have heard of DOGE. Surprisingly, the PR gimmicks surrounding the Ripple SEC lawsuit failed to build XRP’s reputation like tech moguls Elon Musk and Dogearmy did for DOGE. XRP is 30% behind Doge in popularity.

Similarly, some of the top 10 altcoins like ADA and DOT have a popularity of 2% and 3% respectively. ADA, the fifth-placed coin with a market capitalization of 3.04%, ranks next to SAFEMOON. SAFEMOON is not even in the top 200 coins.

DOGE fever still has not cooled down yet?

For many fans, the DOGE mania has not yet cooled down. The market tells a different story, however. The meme coin was on the news continuously from April through May, accompanied by large price hikes, largely fueled by a series of tweets from Musk.

Interest rate level over time | Source: Google Analytics

The search query “Dogecoin” on Google Trends (GT) reached ATH 100 from May 2-8 when Elon Musk appeared on Saturday Night Live (SNL). Since then, the price has fallen by almost 77%.

However, it seems that Americans are very fond of this coin. A recent survey by Binance US found that 69% of Americans want to get paid in DOGE.

kind pic.twitter.com/1QdPqMKgGv

– Shibetoshi Nakamoto (@ BillyM2k) June 25, 2021

The poll was also shared by DOGE developer Billy Markus. He recently announced that he had bought DOGE “after having vowed 8 years never to buy digital assets again”.

DOGE is trading at $ 0.255 at press time, down 4% over the past 7 days and 65.74% less than ATH in May. Musk has also made multiple attempts to push the price up, but regardless of Fort.

Although DOGE’s social volume was higher than ETH’s in May, recent data shows that social volume is roughly similar for both altcoins. In addition, the rarely high social volume of DOGE after the SNL price drop on May 8th did not have a major impact on prices.

Social volume of DOGE (blue) and ETH (red) | source: Mood

Minh Anh

According to AMBCrypto

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