Dogecoin
DOGEUSD,
+7.94%
prices are spiking again as the meme cryptocurrency has jumped 96% this week with year-to-date gains of 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 like Tesla’s
TSLA,
+1.48%
Elon Musk and billionaire Mark Cuban.
Dogecoin has been a trending topic in the U.S. for a while, 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 key words to get the most accurate data, including #doge, #dogecoin, #dogecrypto, #dogeday, #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
TWTR,
-0.33%
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 are as follows:
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Alabama
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Pennsylvania
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South Carolina
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Utah
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Florida
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Idaho
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Alaska
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California
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Iowa
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New York
Similar to bitcoin
BTCUSD,
+3.46%
and ethereum
ETHUSD,
+1.77%,
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’
This recent data about where dogecoin is most popular comes as wealthy investor Mike Novogratz said “it’s dangerous being a speculator” in the meme crypto in a recent interview with MarketWatch.
See also: Cryptos and stocks like NIO and Tilray are crucially linked. Here’s what you need to watch, says strategist.
Last week, the Oakland A’s made the first dogecoin transaction in MLB history when the team sold a pair of seats for 100 dogecoin, which 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 spiking, having gained 1,371% in the past three months. The Dow Jones Industrial Average
DJIA,
+0.62%
is up 11% in that span, while the S&P 500
SPX,
+0.76%
has advanced 8.7%.