Investor Alert

May 8, 2021, 9:16 a.m. EDT

Alabama? This map shows where people are talking about dogecoin the most.

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dogecoin USD (DOGEUSD)
  • X
    Tesla Inc. (TSLA)
  • X
    Twitter Inc. (TWTR)

or Cancel Already have a watchlist? Log In

By Weston Blasi

Dogecoin /zigman2/quotes/226077044/realtime DOGEUSD +0.39% prices are spiking again . The meme cryptocurrency’s jump of 96% this week brings its year-to-date gain to 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, notably Tesla’s /zigman2/quotes/203558040/composite TSLA +0.92% Elon Musk and fellow billionaire Mark Cuban .

Dogecoin , as a topic, has been trending in the U.S. for some months, 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 keywords to get the most accurate data, including #doge, #dogecoin, #dogecrypto, #dogeday and #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 /zigman2/quotes/203180645/composite TWTR -0.50% 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:

  1. Alabama

  2. Pennsylvania

  3. South Carolina

  4. Utah

  5. Florida

  6. Idaho

  7. Alaska

  8. California

  9. Iowa

  10. New York

Similar to bitcoin /zigman2/quotes/31322028/realtime BTCUSD +0.33% and ethereum /zigman2/quotes/108573964/realtime ETHUSD +0.14% , 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’

In those top 10 states and beyond, the interest in and popularity of dogecoin has surged in 2021. Of late, wealthy investor Mike Novogratz observed in an interview with MarketWatch that “it’s dangerous being a speculator” in the meme-powered crypto. Even Musk, on the eve of his guest-host star turn on “Saturday Night Live,” was urging prudence .

See also: ‘A total make-or-break for dogecoin,’ says one crypto investor as Elon Musk prepares to host ‘Saturday Night Live’

Last week, the Oakland A’s made what was almost certainly the first dogecoin transaction in baseball history when the team sold a pair of seats for 100 dogecoin, 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 up 1,371% in the past three months. The Dow Jones Industrial Average  /zigman2/quotes/210598065/realtime DJIA -0.77%  is up 11% in that span, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.54%  has advanced 8.7%.

US : Kraken
+0.0012 +0.39%
Volume: 8.31M
June 16, 2021 9:35p
US : U.S.: Nasdaq
$ 604.87
+5.51 +0.92%
Volume: 22.14M
June 16, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$577.38 billion
Rev. per Employee
$ 59.93
-0.30 -0.50%
Volume: 9.34M
June 16, 2021 4:03p
P/E Ratio
Dividend Yield
Market Cap
$48.07 billion
Rev. per Employee
US : CoinDesk
+128.65 +0.33%
Volume: 0.00
June 16, 2021 9:35p
US : Kraken
+3.44 +0.14%
Volume: 141.79M
June 16, 2021 9:35p
US : Dow Jones Global
-265.66 -0.77%
Volume: 348.03M
June 16, 2021 5:12p
-22.89 -0.54%
Volume: 2.22B
June 16, 2021 5:12p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.