Real-World Interest In Bitcoin, Ethereum And XRP, Revealed
The crypto market looks pretty good today with Bitcoin and the most of the other digital assets trading in the green.
At the moment of writing this article, the most important coin out there is priced at $9,389.69.
This year, despite the global crisis triggered by the coronavirus pandemic, the interest in Bitcoin has been on the rise, and more people are seeing in the coin a safe haven.
Interest in BTC, ETH and XRP
Blockchaincenter. Net just launched an interactive map that visualizes the search interest by the country for 10 of the most popular crypto assets including Bitcoin, ETH, and XRP.
Using data from Google Trends, Blockchaincenter.net said that BTC remains by far the most searched coin around the globe with a dominance of 80.8%.
On the other hand, it’s also important to note that Blockchaincenter.net says market cap ranking alone does not necessarily translate to search volume ranking.
“Dogecoin is not in the Top 30 by market cap, for instance. Yet it is placed in the Top 10 of most searched cryptocurrencies.”
As the online publication the Daily Hodl notes, Bitcoin is followed by Ethereum (ETH), with a 13.7% share in search interest.
Ripple’s XRP ranks third at 7.7%.
Interest for seven otheer altcoins
Check out the worldwide search interest for the seven other altcoins in the index.
Litecoin (LTC): 4.7%
Bitcoin Cash (BCH): 2.7%
IOTA (IOTA): 2.5%
Monero (XMR): 2.1%
TRON (TRON): 1.8%
Dogecoin (DOGE): 1.8%
Cardano (ADA): 1.5%
We recommend that you check out the complete notes in order to find out more details.
Bitcoin’s real market value
Just the other day, we revealed analyst PlanB’s opinion about Bitcoin’s real market value.
— PlanB 🔴 (@100trillionUSD) June 16, 2020
After he mapped out the correlation between BTC and the S&P 500, he busts out an equation that he said highlights the reason for which he said BTC is undervalued with a market value of $18k.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.