The top five most searched cryptocurrencies on Google; this meme coin beats all

  • Crypto valuations are at record high levels and meme cryptocurrencies are currently dominating the crypto landscape.
  • Dogecoin Topples Giants like Bitcoin & Ether in monthly Google searches.

The crypto craze among retail investors and continues to grow every passing day. The combined valuations of the overall crypto market recently touched an all-time high above $2.6 trillion. Some of the most popular digital assets like bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB) also touched record-high levels over the last week.

Spot trading volumes at the exchanges have skyrocketed showing higher retail interest and participation. Besides, the institutional inflow of money has also surged with record inflows. As this happens, let’s have a look into the top five cryptos with most searches of Google.

Meme coin Dogecoin grabs the top spot

Meme cryptocurrency and Elon Musk’s favorite Dogecoin (DOGE) grabs the top spot as the most searched cryptocurrency on Google. Dogecoin had the most number of Google searches in the U.S. so far in 2021. The meme cryptocurrency is getting over seven million monthly searches in 2021.

Dogecoin (DOGE) witnessed a mega bull run earlier this year and touched an all-time high of $0.70 in May 2021. Although the cryptocurrency has retraced 50 percent it continues to grab investors’ interest. Dogecoin has since maintained its position as the top ten cryptocurrencies by market cap.

Apart from Elon Musk, several other billionaires have supported the meme cryptocurrency. Mark Cuban, the owner of the U.S. Basketball team Dallas Mavericks has started accepting Dogecoin payments for the Mavs’ merchandise and tickets.

Coinbase has also listed the Dogecoin crypto on its professional trading platform Coinbase Pro. This brings along a flood of trading volume to the crypto.

The next 4 cryptocurrencies in line

  • Bitcoin (BTC): The world’s largest cryptocurrency obviously has to be at the number 2 spot. Bitcoin’s Google searches averaged at 4,700,000 searches per month. The cryptocurrency dominates 445 of the total crypto market valuations making it a top choice among retail as well as institutional players. Strong developments around the cryptocurrency such as the recent launch of Bitcoin ETF has got more investors attracted to it.
  • Ethereum (ETH): Etheruem follows on the lines of Bitcoin and is the number 3 trending cryptocurrency with 1,800,000 searches a month. The hosting of DApps, DeFi and NFTs makes the Ethereum ecosystem attractive for a large number of investors worldwide. The developments with Ethereum 2.0 are also driving a major rally in the ETH price.
  • Shiba Inu (SHIB): This meme cryptocurrency and the rival to Dogecoin has stormed the crypto market this month. Shiba Inu (SHIB) surged nearly 500 percent this month making its way to the top ten crypto spot. This meme crypto has average Google searches of 870,000 times a month.
  • Cardano (ADA): Ethereum-competitor Cardano (ADA) is the fifth most-search cryptocurrency with average Google searches of 704,000 a month. Founded in 2015 by Charles Hoskinson, Cardano is now the fourth-largest cryptocurrency by market cap. The Cardano blockchain recently introduced a smart contract facility attacking several DeFi players to the platform. This Ethereum-competitor is known for its massive scalability and low-cost transactions.

About Author

Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.

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