Cryptocurrencies went from being a highly debated topic of concern to a subject that intrigued many. Albeit the increased mishaps in the ecosystem this year, the masses continued to search for details pertaining to their favorite crypto. Meme coins, Shiba Inu [SHIB], and Dogecoin [DOGE] have been quite popular considering their following. However, in a new turn of events, none of these meme coins topped the list of the most searched crypto asset in 2022.
2021 was the year of meme coins. Considering the plummet in the price of Bitcoin [BTC], several speculated that the hype around meme coins would persist in 2022 as well. However, the community seems to have stuck to the world’s largest crypto asset.
As seen in the above list curated by DollarGeek, Bitcoin emerged as the most searched crypto. With a whopping 28,410,000 global monthly searches, BTC proved to be a community favorite. 4,570,000 monthly searches were derived from the United States alone.
It should be noted that Bitcoin wasn’t even on the top five most searched crypto in 2021. Dogecoin, Shiba Inu, PS5, SafeMoon as well as N95 masks topped Google’s “Where to buy” section.
As seen in the above chart, Bitcoin’s relevance on social media also remained high. Over the last three months, the total social mentions of BTC were 29.57 million.
Bitcoin was trading in the $47,000 zone back in January 2022. Sadly, BTC is closing the year at the $16,000 level. The lingering interest in BTC throughout the year could have been due to the dropping price of the asset as well.
The OG meme crypto asset Dogecoin managed to stay relevant throughout the year. This could undoubtedly be linked to Elon Musk’s Twitter takeover. The entire globe is aware of the fact that DOGE is Musk’s favorite crypto. Time and again, the inclusion of the asset into Twitter surfaced. During this time, the price of the crypto recorded spikes.
The meme crypto recorded immense volatility through 2022. DOGE was trading for a high of $0.185 at the beginning of the year and is currently in the $0.070 zone. Furthermore, the asset sunk to a low of $0.04972 earlier this year.
As seen in the above chart, Dogecoin’s social strength was higher back in October 2022 as opposed to now.
Musk’s Twitter takeover clearly influenced Dogecoin’s social strength as well. The monthly search for Dogecoin across the globe was at a high of 5,850,000. Only 729,000 were from the United States.
Shiba Inu [SHIB]
Shiba Inu’s presence on the list did not come as a surprise. The network rolled out a plethora of updates like Shiba Eternity, and Shiba Metaverse this year. Along with this, high-profile collaborations and listings were the highlights of the crypto asset.
United States citizens were certainly intrigued by SHIB as 1,290,00 monthly searches came from the country. Global monthly searches for Shiba Inu stood at 4,430,000.
Sadly, its popularity did not reflect in its price. Shiba Inu went on a downward spiral. The crypto went from trading for a high of $0.00003945 in January to its current level of $0.00000800. The asset’s price performed much worse than its rival Dogecoin.
Similar to Dogecoin, SHIB’s social volumes were high back in October and at the start of November.
The fervor around Ethereum [ETH] before and after the Merge was immaculate. The entire crypto-verse was talking about Ethereum. The potential effects of the Merge on the price of ETH and the network as a whole. Despite this, the asset was ranked fourth with a global monthly search of 3,840,000. Only 611,000 of the total searches were from the United States.
The second-largest crypto asset’s social strength over the last couple of months was notably higher than that of the others on the list.
Furthermore, with regard to its price, ETH kickstarted 2022 at a high of $4,000. But its price eventually faded and was in the $1,200 zone at present.
The presence of other assets like XRP, Cardano [ADA], and SafeMoon [SFM] on the list was quite obvious. However, Litecoin [LTC] undoubtedly made a comeback this year. With an astounding 796,000 global monthly searches, LTC stood ninth on the list. In terms of US monthly searches, the asset was ranked 6th with 269,000.
While troublesome 2022 comes to an end, the crypto-verse awaits to see what 2023 has in store.
NEWS BY – CETOEX NEWS