The world of cryptocurrencies is ever-evolving, and 2023 has proven to be a year of significant shifts in the crypto landscape. While established players like Bitcoin and Ethereum continue to hold sway, a surprising contender has emerged as the most trending cryptocurrency across the United States – PEPE Coin.
In a recent study conducted by cryptocurrency experts at Marketplace Fairness, Google Trends data for the first half of 2023 was analyzed to determine which cryptocurrencies captured the imagination of crypto enthusiasts in various states. The results were nothing short of intriguing.
PEPE Coin: The Newcomer that Stole the Spotlight
PEPE Coin, a relative newcomer introduced in April 2023, has skyrocketed to fame, securing its position as the top trending cryptocurrency in a whopping 23 states. This meme coin’s rapid ascent to popularity is nothing short of remarkable, with states like California, Florida, and Texas leading the charge.
What sets PEPE Coin apart is not just its quick rise but also its incredible market cap, which exceeded $1 billion in May 2023. This achievement is a testament to the influence of meme coins and their potential impact on the crypto market.
XRP: A Familiar Face in the Top Five
While PEPE Coin steals the limelight, XRP, developed by Ripple Labs, manages to hold its own as the top trending cryptocurrency in five states – Arkansas, Delaware, Iowa, New Mexico, and Rhode Island. XRP’s consistency in the top ten cryptocurrencies based on market capitalization and its decade-long presence in the market make it a noteworthy contender.
Shiba Inu and AVAX: Meme Coins and Blockchain Powerhouses
Shiba Inu, often hailed as the “Dogecoin killer,” has made its presence felt in four states: Maine, Montana, New Hampshire, and North Dakota. Despite its rollercoaster price history since its 2020 launch, Shiba Inu remains a strong contender in the meme coin category.
AVAX, the native cryptocurrency of the Avalanche blockchain, has secured the top spot in three states – Connecticut, Indiana, and Oregon. The Avalanche blockchain has solidified its position through partnerships with major corporations such as Amazon and Shopify since its inception in 2020.
Diverse Crypto Landscape Across the States
The United States showcases a diverse cryptocurrency landscape with several other digital assets making waves in individual states. Solana finds favor in Alaska and Louisiana, while Cardano claims the top spot in Kansas and Wyoming. Ethereum, a household name in the crypto world, reigns supreme in Missouri and Vermont, while Litecoin shines in New Jersey and South Dakota.
HEX is capturing the imagination of crypto enthusiasts in South Carolina and Tennessee, while LCX trends in Colorado, and USD Coin gains prominence in Idaho. Dogecoin continues to surprise, leading the charge in Mississippi. CryptoZoo, with its unique appeal, tops the trends in Oklahoma, and Pi Coin is making strides in Utah.
Marketplace Fairness, commenting on the findings, highlighted the fascination with the rapid rise of meme coins. A spokesperson noted, “While the likes of Bitcoin may win based on sheer popularity, it’s interesting to see which cryptocurrencies have piqued the interest of crypto enthusiasts in the US the most so far this year. With PEPE Coin being just a few months old, it’ll be interesting to see if any other meme coins gather the same quick popularity that it has achieved.”
As the crypto landscape continues to evolve, the emergence of PEPE Coin as a top trending cryptocurrency serves as a testament to the dynamic and unpredictable nature of the market. Whether this momentum will sustain or give rise to new contenders remains to be seen, but one thing is certain – the crypto world is as vibrant and diverse as ever in 2023.