Take Dogecoin and others on the table. If someone had told you a year ago that a meme coin could be the most popular cryptocurrency practically competing with Ethereum, you would have thought it possible only in a crazy world. But you also know that this is possible in the crypto ecosystem. The latest milestone surprises everyone, including Dogecoin creators.
Dogecoin is leading in this metric
A recent poll of registered US voters revealed that 33% of Americans have heard of Dogecoin. The joke-themed coin is second only to Bitcoin in recognition. Ethereum, the largest altcoin by market capitalization, ranked third with 13% of the vote, followed by Litecoin with 8%, Tether with 4% and Binance Coin (BNB) with 4%.
The data analytics firm states that three out of four voters have heard about Bitcoin, and a third of those polled have heard about Dogecoin. XRP is 30% behind Doge in popularity. Similarly, the top 10 altcoins like Cardano and Polkadot had 2% and 3% popularity respectively. Cardano, which ranks 5th in CoinMarketCap with a market cap dominance of 3.04%, sided with Safemoon, which is not even among the top 200 tokens.
Doge fever still high?
As we mentioned , although Doge fever is still high for many Doge fans, the market tells a different story. The prank-themed coin enjoyed relentless news coverage in April-May, accompanied by massive rallies fueled in large part by Musk’s tweets. The search query for “dogecoin” on Google Trends (GT) peaked at the number 100 from May 2-8 during Musk’s SNL appearance. It has dropped almost 77% since then.
However, Americans seem to like cryptocurrencies. A recent poll by Binance US showed that 69% of Americans want to be paid with Doge. This was shared by Doge developer Billy Markus. Recently on Twitter, Markus announced that he had acquired DOGE after “8 years of vowing never to buy digital assets again.” Dogecoin was trading at $0.20 at the time of writing. Dogecoin is down 65.74% from its ATH in May.
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