Home News Google search interest in Dogecoin outstrips Bitcoin for first time

Google search interest in Dogecoin outstrips Bitcoin for first time

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The interest of Google search engine users has shifted from Bitcoin to Dogecoin. For the first time, the number of requests for a cryptocurrency named after Internet mem Doge was higher.

According to Google Trends, Dogecoin’s popularity in searches this year has been correlated with spikes in bitcoin prices. However, over the past week, the number of requests for altcoin has surpassed user interest in the main cryptocurrency for the first time.

Throughout its history, Bitcoin has repeatedly surpassed gold in terms of the number of searches on Google. Over the past week, however, significantly more interest from Google users has been Dogecoin, a meme-based cryptocurrency that has recently received widespread celebrity support.

Residents of the United States, Turkey and Canada are most interested in the “dog coin” in the world.

Bursts of activity

In 2021, researchers recorded several spikes in Internet user activity interested in Dogecoin.

The first surge occurred at the end of January. Further, the number of DOGE requests dropped to a minimum at the beginning of March. The next jump took place in mid-April, it was then that Elon Musk provoked another Dogecoin rally, announcing the flight of the coin to the moon.

In May, people again became interested in cryptocurrency, most likely, this happened against the background of the fact that Dogecoin was mentioned by Tesla CEO Elon Musk on the air of the American show Saturday Night Live. After that, it became known that SpaceX would accept Dogecoin as payment for launching a space satellite into the moon orbit. Dogecoin has also been selected as the unit of account for all transactions between SpaceX and Geometric Energy Corporation for the DOGE-1 lunar mission.

Thus, we can see that the attention to cryptocurrency has long been helping to attract the founder of SpaceX and Tesla Elon Musk, whom Binance CEO Changpeng Zhao called “the PR manager of Dogecoin”. Musk has written about Dogecoin on numerous occasions in the past, referring to it as a “folk crypt”.

Consequently, there are also world celebrities among the supporters of the comic cryptocurrency.

Over the past day, the altcoin has grown by $ 1. The growth for the week was 32%. Since the beginning of the year, the price of a digital coin has increased by 12,400%. Bitcoin has grown by 99% over the same period. Now its price is $ 57.7 thousand.

Dogecoin cryptocurrency appeared in 2013. It was created by American programmer Billy Marcus and Adobe engineer Jackson Palmer. At the end of 2014, there were 98 billion DOGE in circulation. To date, the figure has reached 129.5 billion.

Dogecoin is not a real digital asset?

According to Michael Saylor, head of MicroStrategy, altcoin is not a real digital asset, as its popularity is temporary, and Bitcoin is a cryptocurrency “for the next hundred years”.

He compared buying Dogecoin to buying a lottery ticket. It can be enjoyable, he says, with a “chance to win some money”. The billionaire noted that there are advantages to Dogecoin’s popularity. For example, altcoin encourages the involvement of more enthusiasts in the crypto industry. However, they only interact with the digital coin for fun, Saylor noted. Earlier, CEO Michael Saylor said that Bitcoin will become the main store of value for the 21st century.

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