With its brand status and decentralization capabilities, it should not be surprising that Bitcoin will remain the most-searched cryptocurrency on Google in 2022.
FTX, Terra, Celsius Network, and other crypto platforms have been submerged due to a hawkish Federal Reserve and a hawkish Federal Reserve in 2022.
Also Read: Crypto bill signed into law by Brazilian president
Here, the question is, which cryptocurrencies were most researched in 2022?
Specifically, all cryptocurrencies combined have lost 70% of their value year-to-date (YTD), signifying massive concessions by traders and investors alike.
Following Google Trends, internet search requests for “buy cryptocurrency” have decreased since February 2020.
However, recent Accenture’s 2022 Global Consumer Payments statement shows that consumers remain enthusiastic about cryptocurrencies after the market crashed in 2022.
The responders gave the reasons for the long-term investments, short-term speculation (21%), investments (28%), curiosity (22%), and more on.
Meanwhile, DollarGeek’s research unveiled 2022’s top cryptocurrency searches worldwide, introducing a grim outlook on what retail players may invest in leading into 2023.
As per the google report, Bitcoin remains the most googled yet.
According to DollarGeek’s research, Bitcoin will be the most searched cryptocurrency in 2022, garnering 28.41 million searches monthly globally.
Its quality remains relatively high compared to other crypto assets in the market. For instance, venture capital investor Tim Draper believes more invalid coins will disappear to Bitcoin’s benefit.
With @CNBC @WebSummit . Here is why @bitcoin will reach $250k. https://t.co/DqARhl8pAu
— Tim Draper (@TimDraper) December 16, 2022
Some analysts predict the Bitcoin price will fall to $10,000 if it falls another 65% YTD. Most people have not owned Bitcoin, judging by the number of internet searches over the last 12 months for buying Bitcoin versus selling it.
Dogecoin, Elon’s favourite crypto
The second most popular cryptocurrency in 2022 is Dogecoin, with 5.85 million monthly searches worldwide.
As a result of Elon Musk’s purchase of Twitter and tease about DOGE in-app payments, meme-cryptocurrency was mainly in the news. Robinhood, a commission-free trading platform based in the United States, also helped gain traction.
Related: Despite Musk’s purchase of Twitter, does DOGE still hold value?
According to the Google Trends chart below, these events temporarily boosted Dogecoin’s internet searches. The subsequent purchase of Twitter by Musk in late October coincided with a perfect 100 score for Dogecoin internet trends.
It appears that DOGE’s potential pool of buyers is more significant in number than its potential pool of sellers, similar to Bitcoin, even though its price has been down roughly 55% since January.
Related: Musk Effect” – What Twitter Deal Means For Dogecoin And Bitcoin
Despite Dogecoin’s U.S. dominance, Shiba Inu finishes third
Approximately 4.43 million Shiba Inus search the internet each month worldwide. However, with 1.29 million monthly searches, the meme-coin has outperformed DOGE in the U.S.
Shiba Inu fared better than Dogecoin despite its weaker price performance in 2022. As Shibarium, Shiba Inu’s Ethereum layer-2 blockchain is likely to be launched, Shiba Inu is down roughly 75% YTD.
As of November 2022, Crypto.com’s location on the chart for Shiba Inu was the most prominent crypto exchange for Shiba Inu searches. Crypto.com sold its SHIB holdings in fear of becoming insolvent.
CEO Kris Marszalek clarified that customers’ purchases are the reason for Crypto.com’s growing SHIB reserves.
Ethereum is ranked fourth. Special thanks to the Ethereum merge event
While Ether’s price lost 67% year-to-date in 2022, Ethereum remains the fourth most searched cryptocurrency worldwide.
Throughout the year, the Merge, the second-largest blockchain market capitalization by market capitalization, was in the news for switching from proof-of-work to proof-of-stake. When the PoS switch occurred in September, interest in words like “Ethereum” and “2.0” spiked.
Because of concerns about Ethereum’s security following its PoS upgrade, Ethereum’s internet searches may also have gained traction. Similar explanations were given for the recent removal of ETH support by the crypto platform called Paxful. Know the top 5 Interesting Things You Should Know About Ethereum(ETH).
Cardano pumps bring in the most interest among the top five internet searches
According to Google, Cardano will be the fifth-most searched cryptocurrency worldwide in 2022, with an average of 1.47 million monthly searches.
ADA outperformed Bitcoin and Ether in price in January 2022, as evidence of the Cardano trend picking up momentum. Meanwhile, searches declined despite the falling Vasil hard fork in September, producing interest spikes.
Another notable crypto, are Decentraland, SAND, XRP, DOT, Avalanche, Terra Classic, and FTX (FTT).