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Dogecoin and Ethereum appear among the top 10 search terms on Google in 2021

December 9, 2021
Reading Time: 4 mins read
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What is Ethereum?

Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.

What is Dogecoin?

Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.

The data from Google Trends reveal that Dogecoin y Ethereum a decentralized open-source blockchain with smart contracts functionality. Price were among the most searched terms this year, but not the most searched terms this year. Bitcoin.

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***

It is quite curious how this year, among the top 10 most searched terms inGoogle worldwide appear the names of two cryptocurrencies which are notBitcoin: Dogecoin yEthereum.

According to data from Google Trends so far this year, international internet users have made significant searches for these terms, with the most important ones being Dogecoin in fourth place among the most searched for news-related topics, and“Ethereum Price” (Ethereum Price, in tenth place.

Here you can see the complete list in the news area (there are other more specialized searches in sports, games, people, TV shows, among others):

google trends
Image taken fromGoogle Trends

Every year in December,Google publishes a list of the most searched queries on its platform, as well as a breakdown of the most popular searches by country. The list shows those terms that have been of most interest to users.

Dogecoin why her?

Finbold ensures that the increase in searches for the wordDogecoin in 2021 was inspired by the momentum given by a few celebrities, including (and perhaps chief among them) the CEO de Tesla , Elon Musk who promoted the asset in Twitter.According to our reports, more than a dozen times this year the billionaire has made waves for his controversial and often crazy stance in favor of that puppy dog crypto meme.

But we can also see it in CryptoMarkets the price of Doge has risen sharply, especially in the first half of the year, but then fell. DOGE reached its highest price of USD $0.74 on Saturday, May 8, 2021. However, it did not hold and is now at $0.18. However, those who bought on January 1st are still making a whopping 3551% profit.

Ethereumthe big winner

The second-largest cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. by market an area or arena, online or offline, in which commercial dealings are conducted. capitalization after Bitcoin, Ethereum, has had a sustained positive performance this year, and perhaps that is why his name, along with the word prices, is among the top searches.

Ethereum ( ETH ) has surged this year, with gains gains refer to an increase in value or profit. for those who bought on Jan. 1 of 479%. But there’s more: the price of Ether the form of payment used in the operation of the distribution application platform, Ethereum. no ha sufrido drásticas caídas (aunque sí ha tenido bajas, pero no tan grandes como las de Doge). Its highest price was USD $4,851.98 on Wednesday, November 10, 2021. Today it has a price of USD $4,319. It has been a couple of months that although with slight falls has remained above the barrier of USD $4,000.

It is also expected thatEthereum 2.0which is currently under development, change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the blockchain’s consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. method from proof-of-work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. to proof-of-stake. According to theEthereum Foundation, if the move is successful, the upgrade can reduce the power consumption ofEther up to 99.95%.

Some countries

We did a search onGoogle Trends by country and we found that in the United States,Dogecoin was the sixth most searched term andEthereum Price el décimo.

Meanwhile, in Canada, the price ofBitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. was in the 7th place of the general searches, and it does not appear orDoge niEther. The same is true in Slovenia, whereBitcoin is in sixth place and is the only crypto to appear. Meanwhile, in Sweden, it appearsEthereum in eighth place. Meanwhile, a query made in several Latin American countries such as Colombia, Chile, Argentina and Peru, cryptocurrencies do not appear in the top 10 searches, probably because all of them live internal problems that monopolize the greatest need for information.

Reports we made based on Google Trends last year daban a Bitcoin an important place in searches in fact, much higher than in the price boom of there was in 2017. This year, the interests of Internet users definitely seem to be going the other way.

Sources:Google Trends, Finbold, Cryptomarkets , archivo

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