Performing as one of the most important cryptocurrency adventures of 2021, Dogecoin gained more than 100 times in value from $0.005 to $0.73 in just a few weeks, with the support of Tesla CEO Elon Musk. DOGE was the altcoin that crypto investors were most interested in throughout the year.
DOGE increased its popularity, especially in April and May. The valuable altcoin has become one of the most talked-about topics on Twitter, the social media platform frequently used by crypto money investors in this period.
Google 2021 most searched news words
1) Afghanistan
2) AMC Stock
3) COVID Vaccine
4) Dogecoin
5) GME Stock
6) Stimulus Check
7) Georgia Senate Race
8) Hurricane Ida
9) COVID
10) Ethereum Price
Ethereum becomes the favorite of institutional companies
In 2021, it attracted the attention of corporate companies with the developments in the field of blockchain technology, decentralized finance (DeFi), and NFT. Despite China's sweeping bans on cryptocurrencies, companies like Grayscale, MicroStrategy, Ark Invest and Tesla have raised billions of dollars worth of cryptocurrencies. While some companies such as MicroStrategy and Square insist on their Bitcoin-focused investments, many companies have also opened up to the altcoin market, especially Ethereum.
While Ethereum is the altcoin that institutions are most interested in, Solana (SOL) and Cardano (ADA) follow it. Tesla company has not yet disclosed the amount of Dogecoin it owns. However, according to estimates, Dogecoin may surpass Solana and Cardano in this area. Other prominent altcoins that corporate companies are interested in include Ripple (XRP), Decentraland (MANA), Polygon (MATIC), and Chainlink (LINK).
Investors focus on Dogecoin cryptocurrency
While institutional companies are investing in less risky and development-oriented cryptocurrencies, low-balance investors have turned more towards community platforms such as Dogecoin and Shiba Inu (SHIB). Both cryptocurrencies have seen over a hundredfold increase in value this year.
Elon Musk's frequent use of the DOGE logo on his social media accounts has become a driving force for both altcoins. Although the successful businessman supported both altcoins in the first half of the year, he stopped supporting the Shiba Inu in the second half of the year and claimed that he did not own SHIB. However, in the second half of the year, Dogecoin constantly lost value, while Shiba Inu drew a fluctuating chart.
Despite the losses in the second half of the year, Dogecoin ranks 4th in Google news searches. In the ranking, only "Ethereum Price" was included in the top ten of the crypto money market, apart from Dogecoin, while popular cryptocurrencies such as Shiba Inu, Bitcoin, and Ripple were excluded from the list.
When we look at the current searches, we see that Ethereum is among the 30 most wanted cryptocurrencies for November. While Ethereum ranked 23rd in the list of “ 30 most popular altcoins in November ” published by CoinGecko, Dogecoin could not enter this list. More than half of the list was created by the metaverse platforms that marked the last period. MicroPets, which is currently only traded on PancakeSwap and LBank exchanges, was at the top of the list. While Bitcoin could not enter this list, Shiba Inu managed to enter the list.
Think we missed something? Let us know in the comment section below.