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These are the top 10 US states where Dogecoin’s popularity shot up after a group of Redditors decided to make it the crypto equivalent of GameStop

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The meme-based cryptocurrency Dogecoin has seen an explosion in price, after a group of Redditors tried making it the cryptocurrency equivalent of GameStop.

A subreddit called SatoshiStreetBets, much like the Wall Street Bets gang that pushed up GameStop shares among others, helped the token gain 800% within 24 hours.

Billionaire Elon Musk’s tweets have also powered it higher as he has clearly showed his love for Dogecoin. Musk delivered a slew of endorsements for the digital asset, including a photoshopped Lion King meme of himself holding up a Dogecoin logo of a Shiba Inu dog. He also tweeted “Dogecoin is the people’s crypto” and “No highs, no lows, only Doge.”

The coin isn’t as well known as Bitcoin or Ethereum, but it has seen short bursts of popularity in the last couple of years, with the latest Reddit frenzy pushing it to its highest price ever.

Its current price is around $0.045, but is still 300% higher than when the “Dogecoin movement” began in 2013.

Here’s a look at the top 10 states where the recent surge in Dogecoin popularity is occurring, according to cryptocurrency site bitreporter.com.

dogecoin map

Read More: Investors are flocking to trade Dogecoin and other hot digital tokens on Voyager, a platform with no Robinhood-style restrictions. Its CEO says Bitcoin will hit $100,000 this year – and shares 3 other cryptocurrencies to watch.

Tracking over a million tweets using trends software, an interest-map was created based on geotagged Twitter data in the last week, hashtags, and direct keyword phrases about buying Dogecoin.

Some hashtags and keywords that were tracked include: #dogecoin, #doge, #buydoge, #buydogecoin, “buy doge,” “buy dogecoin.”

1. Alabama

Alabama

2. California

Santa Rosa California

3. New Jersey

Tashmoo Restaurant & Bar in Morristown, New Jersey.
Tashmoo Restaurant & Bar in Morristown, New Jersey.

4. Florida

wyndham palm air resort florida
Wyndham Club, in Pompano Beach, Florida.

5. Kentucky

kentucky
Louisville.

6. Arizona

Quartzsite, Arizona

7. Tennessee

Printer's Alley Nashville
Printer’s Alley in Nashville, Tennessee.

8. Pennsylvania

downtown Pittsburgh Pennsylvania

9. Oregon

salem oregon

10. Texas

Austin Texas
Read the original article on Business Insider

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