Saturday, April 13, 2019

Google Trends: Interest in Ripple 2x Higher Than Ethereum in 2019 - Invest In Blockchain

Google Trends: Interest in Ripple 2x Higher Than Ethereum in 2019 - Invest In Blockchain


Google Trends: Interest in Ripple 2x Higher Than Ethereum in 2019 - Invest In Blockchain

Posted: 11 Apr 2019 03:59 PM PDT

Ripple's XRP cryptocurrency and Ethereum (ETH) have long been battling each other for the #2 spot right next to the crypto king, Bitcoin (BTC), in terms of market capitalization. While the 2 runner-up cryptos swapped spots a number of times towards the end of 2018, Ethereum has remained in 2nd place for the whole of 2019.

Ethereum seems to be winning the popularity contest, with its current market cap of over $17.5 billion compared to XRP's $13.8 billion. However, a different metric used to measure the rival cryptos' popularity shows another story.

According to Google Trends, the number of worldwide users searching the term Ripple has been far greater than the number of search terms for Ethereum throughout 2019, indicating a greater overall interest in Ripple.

Image Source: https://i.imgur.com/WJpr6Jx.png

Will Ripple (XRP) Surpass Ethereum (ETH) in 2019?

For Ripple fans and XRP advocates, commonly referred to as the "XRP Army," the flippening of Ethereum by Ripple's XRP bank-friendly token is right around the corner.

Since the beginning of 2019, the interest in XRP via Google searches is twice as much as the interest in Ethereum via Google searches. This could be used as an indicator of what's to come when the bull market really takes off and both mainstream and retail investors begin investing again.

Moreover, apart from Google searches, the general interest in Ripple is noticeably high, as XRP fans can be seen all over social media platforms such as Twitter, Reddit, and Telegram.

Therefore, as crypto prices begin to rise again, we can expect Ripple's XRP token to surge in value, especially since it's had relatively weak price action in comparison to other cryptocurrencies during the most recent run-up.

Who's Most Interested in Ripple?

Upon analyzing the Google Trends data a little further, it appears that the top 5 regions with the most Google searches for Ripple in descending order are Australia, the United Kingdom, the United States, New Zealand, and Denmark.

Image Source: https://trends.google.com/trends/explore?date=today%203-m&q=ethereum,ripple

On the other side of things, the top 5 regions with the most popular Google searches for Ethereum in descending order are Colombia, Argentina, Chile, Iran, and Romania.

According to the data, Ripple seems to be dominating Google Trends more so in first-world countries, while Ethereum is dominating Google trends in developing countries.

Generally speaking, people from first-world countries have more money to invest than those from developing countries. Therefore, it can be speculated that the wide majority of these people searching for Ripple have already invested in XRP or are thinking about it. It would also make sense that, as Ripple is aiming to disrupt the remittance industry, migrants living in first-world countries might search for XRP in hopes of finding a faster, cheaper way to send money back home.

However, regardless of what Google Trends says, Ethereum is still the 2nd-largest cryptocurrency by market cap and has experienced a greater rise in price in 2019, from its yearly low of $103 to a yearly high of $181. This indicates a 43% price gain for Ethereum, while Ripple's XRP only experienced a maximum price gain of 19%.

Do you think Ripple's XRP will surpass the market cap of Ethereum (ETH) due to increased interest from people around the world? Let us know what you think in the comment section below.

Bitcoin Searches Tripled During the Recent Rally, Google Trends Data Shows - CryptoGlobe

Posted: 04 Apr 2019 03:58 AM PDT

Bitcoin, the flagship cryptocurrency, has recently seen its price jump by 20% in a short period of time, helping it cross the $5,000 mark. Right after the jump, Google Trends data shows searches for the cryptocurrency more than tripled.

According to Google's data, search interest went from roughly 33 to 100 (out of 100) right after the surge, but quickly fell to stay between 50 and 75. Currently, search interest is falling below 50 – a significant improvement over the 25 it had before. It's worth noting total search data isn't available, and Google's numbers are compiled by algorithms.

Bitcoin search interest in the past 7 days

Per the search engine's data, the countries with the most interest in the flagship cryptocurrency were Nigeria, South Africa, the Netherlands, Austria, and Switzerland. Countries like Ghana, St. Helena, and Slovenia occupied other top spots, while the United States and Canada were out of the top 10.

China's Baidu, the country's leading search engine, also saw BTC top the list of hottest keywords.

Notably, the trend seems to confirm studies that suggest there's a correlation between bitcoin's price movements and search interest for the cryptocurrency. Search engine marketing firm SEMrush found, back in 2017, that bitcoin's price had a 91% correlation with crypto search interest on Google at the time.

The study found that as bitcoin's price moved up, people started searching for it to learn more about it and what was going on. This, presumably, as mainstream news outlets often only cover BTC and other cryptos when prices move significantly.

It's believed a mysterious 20,000 BTC order was behind bitcoin's recent surge, which helped it reach a five-month high. Google has, last year, banned cryptocurrency ads from its platform, stopping businesses in the industry from advertising on its platform. The ban was rolled back months later.

Microsoft's Bing, one of Google's largest competitors, has also banned cryptocurrency-related ads. Recent data shared by the tech giant showed it blocked over 5 million crypto ads last year.

Bitcoin Is Ranking High on Google Trends Again - Bitcoinist

Posted: 03 Apr 2019 12:00 AM PDT

The naysayers said it wouldn't last. The public's interest over the last 12 months dwindled along with the price. But now BTC is leaping into the green again, there are signs of FOMO setting in. Bitcoin is ranking high on Google Trends, hitting over 100K+ searches yesterday, with Nigeria leading the charge.


Bitcoin in Top Ten on Google Trends

Bitcoin Searches 7 Days

It's been a while since Bitcoin searches were so high. In fact, not since the peak of Bitcoin's popularity from 17-23 Dec has interest in the number one cryptocurrency been so widespread.

Bitcoin Searches U.S. Past 5 Years

Breaking the numbers down a little further, you'll see that Nigeria and South Africa are leading the charge. Bitcoin searches are also high in the Netherlands and Austria, although that could also coincide with the fact that both countries are hosting major Blockchain events this week.

The United States shows the 12th highest interest in Bitcoin searches on Google currently.

regions

Is FOMO Starting to Set in?

Is this a sign that Bitcoin's bear market is finally over, the price bottomed out, and that FOMO is starting to set in? Could be. There's certainly a lot of chatter about Bitcoin price in the crypto community and the wider media as well.

The FUD pedalers remind Bitcoin investors to be cautious and warn that this is a mere temporary breakout. Moreover, slapdash investors from 2017 remember getting burned buying BTC at an ATH and are still waiting to recoup their losses.

But for those who watched their friends raking in the dough practically overnight, such high search results for Bitcoin could indicate that more users are about to get on board. After all, it's just too desperately tempting to not miss out on the rally this time around.

Keep Bitcoin's Goals in Perspective

Whether you're buckling up for the bull run or not, remember to keep Bitcoin's wider goals into perspective. Ever the articulate tweet poet Erik Voorhees always knows exactly what to say, expressing the price hike in the most eloquent way:

This should serve to remind us once again about the greater importance of Bitcoin.

It's not just for FOMO-fuelled bull runs. And it's time that people began to start thinking seriously about how much bitcoin they can get with their dollars–not how many dollars they can get for their bitcoin.

At what price will BTC FOMO set in? Share your thoughts below!


Images via Shutterstock

The Rundown

Google Trends: Interest in Ripple 2x Higher Than Ethereum in 2019 - Invest In Blockchain


Google Trends: Interest in Ripple 2x Higher Than Ethereum in 2019 - Invest In Blockchain

Posted: 11 Apr 2019 03:59 PM PDT

Ripple's XRP cryptocurrency and Ethereum (ETH) have long been battling each other for the #2 spot right next to the crypto king, Bitcoin (BTC), in terms of market capitalization. While the 2 runner-up cryptos swapped spots a number of times towards the end of 2018, Ethereum has remained in 2nd place for the whole of 2019.

Ethereum seems to be winning the popularity contest, with its current market cap of over $17.5 billion compared to XRP's $13.8 billion. However, a different metric used to measure the rival cryptos' popularity shows another story.

According to Google Trends, the number of worldwide users searching the term Ripple has been far greater than the number of search terms for Ethereum throughout 2019, indicating a greater overall interest in Ripple.

Image Source: https://i.imgur.com/WJpr6Jx.png

Will Ripple (XRP) Surpass Ethereum (ETH) in 2019?

For Ripple fans and XRP advocates, commonly referred to as the "XRP Army," the flippening of Ethereum by Ripple's XRP bank-friendly token is right around the corner.

Since the beginning of 2019, the interest in XRP via Google searches is twice as much as the interest in Ethereum via Google searches. This could be used as an indicator of what's to come when the bull market really takes off and both mainstream and retail investors begin investing again.

Moreover, apart from Google searches, the general interest in Ripple is noticeably high, as XRP fans can be seen all over social media platforms such as Twitter, Reddit, and Telegram.

Therefore, as crypto prices begin to rise again, we can expect Ripple's XRP token to surge in value, especially since it's had relatively weak price action in comparison to other cryptocurrencies during the most recent run-up.

Who's Most Interested in Ripple?

Upon analyzing the Google Trends data a little further, it appears that the top 5 regions with the most Google searches for Ripple in descending order are Australia, the United Kingdom, the United States, New Zealand, and Denmark.

Image Source: https://trends.google.com/trends/explore?date=today%203-m&q=ethereum,ripple

On the other side of things, the top 5 regions with the most popular Google searches for Ethereum in descending order are Colombia, Argentina, Chile, Iran, and Romania.

According to the data, Ripple seems to be dominating Google Trends more so in first-world countries, while Ethereum is dominating Google trends in developing countries.

Generally speaking, people from first-world countries have more money to invest than those from developing countries. Therefore, it can be speculated that the wide majority of these people searching for Ripple have already invested in XRP or are thinking about it. It would also make sense that, as Ripple is aiming to disrupt the remittance industry, migrants living in first-world countries might search for XRP in hopes of finding a faster, cheaper way to send money back home.

However, regardless of what Google Trends says, Ethereum is still the 2nd-largest cryptocurrency by market cap and has experienced a greater rise in price in 2019, from its yearly low of $103 to a yearly high of $181. This indicates a 43% price gain for Ethereum, while Ripple's XRP only experienced a maximum price gain of 19%.

Do you think Ripple's XRP will surpass the market cap of Ethereum (ETH) due to increased interest from people around the world? Let us know what you think in the comment section below.

Bitcoin Searches Tripled During the Recent Rally, Google Trends Data Shows - CryptoGlobe

Posted: 04 Apr 2019 03:58 AM PDT

Bitcoin, the flagship cryptocurrency, has recently seen its price jump by 20% in a short period of time, helping it cross the $5,000 mark. Right after the jump, Google Trends data shows searches for the cryptocurrency more than tripled.

According to Google's data, search interest went from roughly 33 to 100 (out of 100) right after the surge, but quickly fell to stay between 50 and 75. Currently, search interest is falling below 50 – a significant improvement over the 25 it had before. It's worth noting total search data isn't available, and Google's numbers are compiled by algorithms.

Bitcoin search interest in the past 7 days

Per the search engine's data, the countries with the most interest in the flagship cryptocurrency were Nigeria, South Africa, the Netherlands, Austria, and Switzerland. Countries like Ghana, St. Helena, and Slovenia occupied other top spots, while the United States and Canada were out of the top 10.

China's Baidu, the country's leading search engine, also saw BTC top the list of hottest keywords.

Notably, the trend seems to confirm studies that suggest there's a correlation between bitcoin's price movements and search interest for the cryptocurrency. Search engine marketing firm SEMrush found, back in 2017, that bitcoin's price had a 91% correlation with crypto search interest on Google at the time.

The study found that as bitcoin's price moved up, people started searching for it to learn more about it and what was going on. This, presumably, as mainstream news outlets often only cover BTC and other cryptos when prices move significantly.

It's believed a mysterious 20,000 BTC order was behind bitcoin's recent surge, which helped it reach a five-month high. Google has, last year, banned cryptocurrency ads from its platform, stopping businesses in the industry from advertising on its platform. The ban was rolled back months later.

Microsoft's Bing, one of Google's largest competitors, has also banned cryptocurrency-related ads. Recent data shared by the tech giant showed it blocked over 5 million crypto ads last year.

Bitcoin Is Ranking High on Google Trends Again - Bitcoinist

Posted: 03 Apr 2019 12:00 AM PDT

The naysayers said it wouldn't last. The public's interest over the last 12 months dwindled along with the price. But now BTC is leaping into the green again, there are signs of FOMO setting in. Bitcoin is ranking high on Google Trends, hitting over 100K+ searches yesterday, with Nigeria leading the charge.


Bitcoin in Top Ten on Google Trends

Bitcoin Searches 7 Days

It's been a while since Bitcoin searches were so high. In fact, not since the peak of Bitcoin's popularity from 17-23 Dec has interest in the number one cryptocurrency been so widespread.

Bitcoin Searches U.S. Past 5 Years

Breaking the numbers down a little further, you'll see that Nigeria and South Africa are leading the charge. Bitcoin searches are also high in the Netherlands and Austria, although that could also coincide with the fact that both countries are hosting major Blockchain events this week.

The United States shows the 12th highest interest in Bitcoin searches on Google currently.

regions

Is FOMO Starting to Set in?

Is this a sign that Bitcoin's bear market is finally over, the price bottomed out, and that FOMO is starting to set in? Could be. There's certainly a lot of chatter about Bitcoin price in the crypto community and the wider media as well.

The FUD pedalers remind Bitcoin investors to be cautious and warn that this is a mere temporary breakout. Moreover, slapdash investors from 2017 remember getting burned buying BTC at an ATH and are still waiting to recoup their losses.

But for those who watched their friends raking in the dough practically overnight, such high search results for Bitcoin could indicate that more users are about to get on board. After all, it's just too desperately tempting to not miss out on the rally this time around.

Keep Bitcoin's Goals in Perspective

Whether you're buckling up for the bull run or not, remember to keep Bitcoin's wider goals into perspective. Ever the articulate tweet poet Erik Voorhees always knows exactly what to say, expressing the price hike in the most eloquent way:

This should serve to remind us once again about the greater importance of Bitcoin.

It's not just for FOMO-fuelled bull runs. And it's time that people began to start thinking seriously about how much bitcoin they can get with their dollars–not how many dollars they can get for their bitcoin.

At what price will BTC FOMO set in? Share your thoughts below!


Images via Shutterstock

The Rundown

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