The U.S. is the world’s most pro-Dogecoin country, study reveals

The U.S. is the world's most pro-Dogecoin country, study reveals
8 months ago
2 mins read

Dogecoin (DOGE) experienced an incredible boom in 2021, reaching a new all-time high and garnering more popularity than ever before in the cryptocurrency space.

It’s worth highlighting that amongst all the adoption, the United States is the most pro-Dogecoin nation in the world, with 31.6% of cryptocurrency owners in the U.S. owning the meme cryptocurrency as of December 2021, according to a report published on January 10 by Finder

Notably, Australia comes in second with 29% Dogecoin ownership, followed by Norway with 27.4%. Interestingly, according to the research, Japan has the lowest DOGE ownership out of the 27 nations surveyed. Overall, the average amount of Dogecoin per country stands at 18.5%.

Dogecoin ownership by country. Source: Finder

The statistics come from the Finder’s Cryptocurrency Adoption Index, which tracks the global adoption of cryptocurrencies through an ongoing poll of Internet users in 27 countries.

America’s number one meme coin

The United States maintained its top rating from the October study in December and continues to be the most common nation for Dogecoin ownership among individuals who own cryptocurrency.

In total, 44.5% of cryptocurrency owners in the United States claim to possess Bitcoin, making it the most popular cryptocurrency in the country. Ethereum is the second most popular cryptocurrency, with 31.7% of the market, followed by Dogecoin with 31.6%, comparable to October’s values.

Crypto coins owned in the U.S. Source: Finder

SHIB and DOGE rivalry

Previously Finbold reported that Shiba Inu (SHIB) and DOGE are the most-searched cryptocurrencies in 30 U.S. states.

Dogecoin, founded in 2013, ranked top in 23 states, including Florida, Illinois, and Michigan, whereas SHIB was the most searched cryptocurrency in seven states, including California and Nevada. 

The rise in interest can be partially attributed to the token’s significant returns in 2021 alongside endorsement by celebrities, including Tesla CEO Elon Musk, who recently allowed purchases of Tesla (NASDAQ: TSLA) “merch” with DOGE.

All in all, the searches demonstrate the extent to which the excitement around the two meme currencies has eclipsed historical assets that have been popular in the digital currency industry for years.

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.