Google search interest in Dogecoin outstrips Bitcoin for first time
For the first time, more people globally are searching for news surrounding the meme cryptocurrency Dogecoin than Bitcoin. Global public interest in Dogecoin (DOGE), as measured by internet search statistics, has exceeded that of Bitcoin (BTC) for the first time. According to data from Google Trends, values assigned to each cryptocurrency for May 2–8 stand at 56/100 points for DOGE versus 48/100 for BTC.
Per the chart below shows, search interest in DOGE over the past 12 months has often closely correlated with peaks and troughs in public interest in Bitcoin, although the interest in the two coins has previously diverged. This week, however, shows not only a strong non-correlation but a higher level of interest in DOGE in absolute terms.
Google Trends search data comparison between DOGE (red) and BTC (blue) over the past 12 months
As previously reported, DOGE has had nothing if not a dramatic 2021. In mid-April, the coin gained 80% in value in just one day to cap 5,000% in year-to-date returns. As a quintessential meme cryptocurrency, much of the asset’s dizzying price hikes have been fueled by social media sentiment and, arguably, its frequent, if jocular, endorsement by Tesla CEO Elon Musk.
Yet as noted already in April, high levels of public interest in the asset aren’t necessarily indicative of its good fortune on the markets. Indeed, this week has been distinctly bearish for DOGE, coinciding with a fresh bout of publicity for the coin during Musk’s latest appearance on Saturday Night Live.
Blockstream’s Adam Back has recently observed that its meme logic translates into a high-stakes, volatile “pump and dump casino rug-pull” grounded in the widespread perception that the asset lacks inherent value but can be rallied around and shorted for a potential profit.
As data from Google Trends shows, this “casino market logic,” in Back’s words, remains at its strongest in the United States, followed by the U.S. Virgin Islands and Turkey. On the month, DOGE remains up by over 600% but has traded horizontally with a 0.6% decline in value on the week and a 1.6% gain on the day.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 78% | 33 | $62 454.95 | -1.43% | -1.93% | $1 234 400 470 283 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 43 | $2 427.77 | -2.24% | -7.93% | $292 253 244 251 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999722 | -0.01% | 0.01% | $119 823 961 775 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78.8% | 35 | $564.29 | -1.59% | -2.62% | $82 348 610 201 |  |
|
| 5 |  SOL |
Solana predictions | 75.2% | 45 | $143.43 | -3.63% | -7.68% | $67 308 122 110 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.8% | 1 | $0.999957 | 0% | 0% | $35 319 753 958 |  |
|
| 7 |  XRP |
XRP predictions | 77.6% | 43 | $0.529988 | -1.90% | -14.69% | $29 978 288 460 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 78.4% | 32 | $0.107825 | -5.11% | -8.48% | $15 772 295 954 |  |
|
| 9 |  TRX |
TRON predictions | 96% | 1 | $0.155916 | 1.20% | -0.39% | $13 498 686 374 |  |
|
| 10 |  TON |
Toncoin predictions | 80.4% | 30 | $5.17 | -3.07% | -10.67% | $13 111 256 672 |  |
|
| 11 |  ADA |
Cardano predictions | 80.4% | 38 | $0.351628 | -3.17% | -7.87% | $12 293 301 283 |  |
|
| 12 |  AVAX |
Avalanche predictions | 67.6% | 60 | $26.52 | -2.92% | -6.51% | $10 780 122 601 |  |
|
| 13 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 92.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 56.8% | 94 | $0.000017 | -6.05% | -6.13% | $10 168 882 764 |  |
