Amid another hectic week of cryptocurrency trading, the Benzinga group chose to have a look into how frequently popular cryptocurrencies Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) are being looked for, relative to one another. Data is thanks to Google Insights and tracks search interest from January 8 to January 15.
According to Google Insights: “Numbers represent search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular.”
Search interest in Dogecoin over the previous week vanquished Shiba Inu and peaked early Friday early morning after it was exposed Tesla Inc (NASDAQ: TSLA) has actually started to denominate and accept product on its online store inDogecoin Items noted in the “lifestyle” area of its store, such as the Giga Texas Belt Buckle, Cyberquad for Kids, and the Cyberwhistle were priced in DOGE … Read More
Perhaps it’s not a surprise that search patterns associate with rate action. Dogecoin’s rate peaked at $0.70 in April 2021, the very same time that the meme crypto’s search interest peaked in the chart below.
SHIB and DOGE Price Action: Shiba Inu is trading at $0.00003118, flat over the last 24 hours. Dogecoin is on the other hand lower by 1.8% at $0.1875 over the previous day.
Photo: Courtesy of Taro the Shiba Inu on Flickr