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Dogecoin flips Bitcoin with highest Google Searches in 23 US States

Masroor Alam
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How popular is Dogecoin in the United States

Dogecoin's social popularity exceeds that of Bitcoin, according to The Advisor Coach's latest survey. Robinhood is currently testing Dogecoin wallets ahead of launch. Analysts predict DOGE price could break past $1 by the end of 2021.


Dogecoin

Why Has Dogecoin dramatically changed the Mood of U.S Crypto lovers?

Financial advisor firm "The Advisor Coach" conducted research in 23 states in the US, identifying DOGE as the most popular cryptocurrency among traders. Dogecoin's popularity is attributed to its increasing utility and adoption as a payment method at over 1700 merchants.  Dogecoin leads in popularity among crypto traders and investors 23 US states, including Illinois, Florida, Hawaii, and New Jersey, rank Dogecoin above Bitcoin and the rest of the cryptocurrencies in terms of popularity. The research objective was to establish the cryptocurrency that each of the 23 US states wants to invest in, based on popularity.

What is the target price of dogecoin in 2021 end?  

There has been a spike in interest and social media activity related to Dogecoin since the Robinhood listing and the adoption of DOGE as a payment method by AMC Theatres.  Dogecoin's Robinhood listing is considered a key driver of the meme coins price rally in 2021. The zero-commission exchange is now testing DOGE wallets on its exchange platform before launch.  

Proponents expect the DOGE price to hit $1 by the end of 2021. David Cox, a financial analyst, predicted that DOGE price would breach the $1 mark in December 2021.  Cox's prediction was made in June, and he believes that the meme coin would hit a new all-time high of $1.07. Cox was quoted as saying: The minimum expected Dogecoin price would be around $0.90. It is likely to cross the $0.80 mark soon as the coin is constantly breaking the all-time high, as this is the year of cryptocurrencies. The predicted high for 2021 might be around $1.07, and on the downside, the low might be around $0.91. FXStreet analysts have evaluated DOGE price and predicted that the meme coin is ready to rebound to $0.30.

What Is Dogecoin?

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. Launched in December 2013, Dogecoin has the image of a Shiba Inu dog as its logo.


While it was created seemingly as a joke, Dogecoin's blockchain still has merit. Its underlying technology is derived from Litecoin. Notable features of Dogecoin, which uses a script algorithm, are its low price and unlimited supply.


The Rise of Dogecoin

Dogecoin marketed itself as a "fun" version of Bitcoin with a Shibu Inu (Japanese dog) as its logo. Dogecoin's casual presentation suited the mood of the burgeoning crypto community. Its script technology and unlimited supply were an argument for a faster, more adaptable, and consumer-friendly version of Bitcoin.


Dogecoin is an "inflationary coin," while cryptocurrencies like Bitcoin are deflationary because there's a ceiling on the number of coins that will be created. Every four years, the amount of Bitcoin released into circulation via mining rewards is halved, and its inflation rate is halved along with it until all coins are released.


In January 2014, the Dogecoin community donated 27 million Dogecoins worth approximately $30,000 to fund the Jamaican bobsled team's trip to the Sochi Winter Olympic games.6 In March of that year, the Dogecoin community donated $11,000 worth of Dogecoin to build a well in Kenya and $55,000 of Dogecoin to sponsor NASCAR driver Josh Wise

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