Americans Lead the Memecoin Craze in 2023 (Study)

According to CoinGecko’s research, US residents seem to be most interested in memecoin such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Pepe Coin (PEPE). India and the United Kingdom rank second and third, respectively.

Despite being the first memecoin, DOGE has lost its leading position in many countries. Morocco is the only country in the top 10 where Elon Musk’s favorite digital asset has garnered the most attention.

trends this year

CoinGecko study estimated More than 23% of the global interest towards memecoins comes from the USA. The most popular such asset for locals is Shiba Inu (60.7%), followed by Pepe Coin (11.8%), Bonk, and Volt Inu.

Indians are near the top, accounting for 20.3% of the overall madness. The Shiba Inu is again the token that generates the most interest, with the Baby Doge Coin coming in second.

The UK — the only representative from Europe in the top ten list — ranks third, making up around 16% of the global interest in memecoins. However, CoinGecko did not specify which assets the British preferred.

Floki Ino (FLOKI), which is up more than 300% since the beginning of the year, is another cryptocurrency that people find interesting. In fact, it is most interesting in the Philippines and Nigeria.

PEPE – the latest sensation in the crypto sector – reached the top in Canada, accounting for nearly 27% of the domestic interest. It saw the light of day in mid-April, and its market capitalization approached $1 trillion this week.

Dogecoin – the cryptocurrency that was created as a joke in 2013 – seems to have run out of steam this year. Morocco gets 61.1% of the interest, making the African country the only country where Mask’s favorite token climbs the leaderboard.

The dog rises though with diminished attention

While investors seem to have a new favorite memecoins, DOGE remains an integral member of the pack. Its price has increased by 11% since the beginning of the year, and it still holds a place among the top 10 cryptocurrencies by market cap.

Elon Musk has been a frequent player on the DOGE scene. The South African businessman, who acquired Twitter for $44 billion last year, on a temporary basis change The social media platform’s logo in the form of an infamous “Doge” meme last month. The digital assets rose by 25% in the following hours.

It wouldn’t be a surprise if Dogecoin goes up in the future, given Musk’s plans for the end to merge DOGE PAYMENTS ON TWITTER.