Altcoin: While the overall cryptocurrency market has been on the ups and downs, it has not shown any signs of growth in the past few months. Meanwhile, even long-term Bitcoin investors had to abandon their positions. According to a recent study, investors in the US are now preparing to sell this altcoin project as well.
- 1 Americans are preparing to sell this altcoin project
- 2 Altcoin investors in a hurry to sell SHIB
- 3 Meme coins being abandoned despite popularity
- 4 Interest in Bitcoin hits 12-month high on Google
- 5 Share this:
Americans are preparing to sell this altcoin project
A recent study revealed that US investors are willing to sell the Shiba Inu among the few largest altcoins. Crypto investors from 19 states show a desire to sell SHIB tokens more than other top cryptos based on a Google Trends analysis.
Altcoin investors in a hurry to sell SHIB
The data emerged from a Google Trends analysis conducted by Los Muertos. Accordingly, most of the investors from 19 US states are looking for different ways to sell SHIB.
As Bitcoin struggles to stay above $20,000, the survey revealed that investors in 17 states are willing to sell BTC. Some of the states are Oregon, Kansas, Illinois and Pennsylvania. The survey is based on measurement of Google Trends data comparing the two cryptocurrencies with phrases like ‘Sell Bitcoin’ and ‘Sell Dogecoin’.
Meme coins being abandoned despite popularity
Dogecoin ranks third in eight states, including investors looking to sell from the bottom. Elsewhere, Ethereum and Cardano topped with investors looking to sell in four and three states, respectively.
The list is dominated by SHIB and DOGE, the most sought-after crypto that gained popularity last year. At one point in 2022, Dogecoin was the most sought-after token in 23 states across the US. During this period, the Shiba Inu (SHIB) was ranked fourth.
Based on the interest in selling meme coins, it can be argued that the hype around them is starting to cool. Analysts argue that cryptocurrencies do not provide benefits, although some have used examples in industries such as payments.
Interest in Bitcoin hits 12-month high on Google
Over the past year, it has pushed highs for Bitcoin. It then showed volatile price movements characterized by the ATH level alongside significant corrections. Although Bitcoin currently shows high volatility, it is still the most popular of all asset classes. As of the week ending June 12, 2022, Google searches for the keyword “Bitcoin” have reached a 12-month high with a popularity score of 100.
In particular, El Salvador is the leader in the number of countries that show the most interest in Bitcoin, with 100. Elsewhere, the Netherlands is second with 27 points, followed by Nigeria with 26 points. AmkNews.com As we have reported, Turkey is in the third place with 22 points.
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