prices are spiking again. The meme cryptocurrency’s jump of 96% this week brings its year-to-date gain to more than 14,000%.
The crypto that started out as a “silly joke” has gained a cult following in recent months, spearheaded by some high-profile people, notably Tesla’s
Elon Musk and fellow billionaire Mark Cuban.
Dogecoin, as a topic, has been trending in the U.S. for some months, but the states where it’s most popular may not be the ones you would have guessed.
Here are the states in which people are talking about dogecoin the most:
The map tracks geotagged tweets, hashtags and direct keyword phrases about dogecoin, and was gathered by data visualizations site Someka. The tracking uses multiple keywords to get the most accurate data, including #doge, #dogecoin, #dogecrypto, #dogeday and #dogeinvestor.
See also: Crypto FOMO! ‘I’m too old to sit and hope I can make up for the lost time by safely investing my little bit of money’
The map, which tracks geotagged twitter
data in March, indicates that Alabama is the most doge-crazed state in the U.S. — over 3 million tweets were tracked in this dataset.
The top 10 states with the most dogecoin interest:
- South Carolina
- New York
Similar to bitcoin
dogecoin is a peer-to-peer, open-source cryptocurrency. Dogecoin features the face of the shiba inu from the popular doge meme as its logo.
See also: A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’
In those top 10 states and beyond, the interest in and popularity of dogecoin has surged in 2021. Of late, wealthy investor Mike Novogratz observed in an interview with MarketWatch that “it’s dangerous being a speculator” in the meme-powered crypto. Even Musk, on the eve of his guest-host star turn on “Saturday Night Live,” was urging prudence.
See also: ‘A total make-or-break for dogecoin,’ says one crypto investor as Elon Musk prepares to host ‘Saturday Night Live’
Last week, the Oakland A’s made what was almost certainly the first dogecoin transaction in baseball history when the team sold a pair of seats for 100 dogecoin, was worth about $50 at the time.
See also: ‘If you have an extra car to sell, there may never be another time greater than this’
Dogecoin prices are up 1,371% in the past three months. The Dow Jones Industrial Average
is up 11% in that span, while the S&P 500
has advanced 8.7%.