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Top-five most Googled cryptocurrencies worldwide in 2022

December 23, 2022 Coin Telegraph

2022

Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization.

Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others.

What were the most-searched cryptocurrencies in 2022?

Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by traders and investors alike.

The waning demand has also pushed the internet requests fo6r the keyword "buy cryptocurrency" to their lowest since February 2020, according to Google Trends.

*Interest in the* *the keyword "buy cryptocurrency" over the past five years. Source: Google Trends*

Nonetheless, the latest Accenture's 2022 Global Consumer Payments report shows that retail interest in cryptocurrencies remains high despite 2022's market crash. The reasons given by responders include long-term investments (28%), curiosity (22%), short-term speculation (21%), and others.

Meanwhile, separate research by personal finance portal DollarGeek dwells into 2022's most-searched cryptocurrencies worldwide, thus presenting a rough outlook on what retail players may invest in heading into 2023.

*Top 10 cryptocurrencies based on U.S. and global monthly searches. Source: DollarGeek*

Bitcoin remains most-googled by far

Bitcoin (BTC) has emerged as the most googled cryptocurrency in 2022 in DollarGeek's research, attracting 28.41 million monthly searches worldwide.

The interest remains relatively high as experts assess its quality compared to other crypto assets in the industry. For instance, venture capital investor Tim Draper thinks weaker coins will become relics amid the ongoing crypto winter to Bitcoin's benefit.

With @CNBC @WebSummit . Here is why @bitcoin will reach $250k. https://t.co/DqARhl8pAu
— Tim Draper (@TimDraper) December 16, 2022

BTC's price is down nearly 65% YTD with some analysts predicting it would fall further toward $10,000. But internet searches over the past 12 months reveal that most people have searched for buying Bitcoin, not selling it, which suggests that most people have still never owned Bitcoin.

*Interest in the keyword '"buy bitcoin" (red) and "sell bitcoin" (blue) over the last 12 months. Source: Google Trends*

Elon Musk's favorite Dogecoin bags the second spot

Dogecoin (DOGE) is the runner-up to Bitcoin, attracting an average of 5.85 million monthly searches worldwide in 2022.

The meme-cryptocurrency was in the news mostly due to Elon Musk who purchased Twitter and teased his followers with the idea of integrating DOGE payments for in-app payments. However, it also gained traction after getting listed on Robinhood, a U.S.-based commission-free trading platform.

**Click “Collect” below the illustration at the top of the page or** **follow this link**.

These events helped Dogecoin record temporary surges in internet searches, as shown in the Google Trends chart below. For instance, Musk's eventual Twitter buyout in late October coincided with Dogecoin internet trends rallying to a perfect 100 score.

*Interest in the keyword "Dogecoin" over the last 12 months. Source: Google Trends*

So wile DOGE's price is down roughly 55% YTD, the internet search data suggests that its potential pool of buyers could be relatively higher in number than sellers, similar to Bitcoin.

*Interest in the keyword "buy Dogecoin" (blue) and "sell Dogecoin" (red) over the last 12 months. Source: Google Trends*

Shiba Inu comes third but beats Dogecoin in US

Shiba Inu's (SHIB) monthly internet searches globally came at 4.43 million. Nonetheless, the meme-coin has beaten its top-rival Dogecoin in the U.S., with 1.29 million monthly searches versus DOGE's 729,000.

That is despite Shiba Inu's weaker price performance in 2022 compared to Dogecoin. SHIB is down roughly 75% YTD, but staying in the news due to its foray into the metaverse and the potential launch of Shibarium, Shiba Inu's Ethereum layer-2 blockchain.

In addition, the internet searches for Shiba Inu also spiked due to Crypto.com, a crypto exchange with the largest SHIB position as of November 2022. The market feared that Crypto.com would become insolvent, which will prompt it to sell its SHIB holdings.

*Interest in the keyword "Shiba Inu" over the last 12 months. Source: Google Trends*

However, Crypto.com CEO Kris Marszalek clarified that their mounting SHIB reserves are due to customer buying.

Merge assists Ethereum in securing the fourth position

Ethereum is the fourth most-googled cryptocurrency worldwide with 3.84 million monthly searches in 2022 despite Ether (ETH) price losing 67% YTD.

The second-largest blockchain by market cap stayed in the news throughout the year due to its switch to proof-of-stake (PoS) from proof-of-work (PoW) via the Merge. Notably, interest in the keyword "Ethereum" and related terms like "Ethereum 2.0" and "Merge" peaked in September when the PoS switch happened.

*Interest in the keyword "Merge" over the last 12 months. Source: Google Trends*

Ethereum's internet searches may have also gained traction due to concerns that it has become a security after the PoS upgrade. Recently, crypto platform Paxful removed support for ETH citing similar reasons.

Cardano pump brings in the fifth-highest internet queries

Cardano (ADA) has attracted 1.47 million monthly internet searches on average in 2022, becoming the fifth-most googled cryptocurrency worldwide.

The Cardano trend picked up momentum specifically in January 2022 when ADA outperformed Bitcoin and Ether in price. Later, however, searches have been declining despite the Vasil hard fork in September failing to produce a spike in interest.

*Interest in the keyword "Cardano" over the last 12 months. Source: Google Trends*

Other honorable mentions of the most-searched cryptocurrencies in 2022 include Avalanche (AVAX), Litecoin (LTC), XRP (XRP), SafeMoon (SAFEMOON), and Nexus (NXS).

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

FTX website comes back online with message advising against deposits

November 10, 2022 Coin Telegraph

Alameda Research

Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.

Financially-troubled crypto exchange FTX has brought its website back online following a period of intermittent downtime — with the trading platform now sporting a banner confirming withdrawals are halted and advising users against depositing.

The FTX website returned online at approximately 9:00 pm UTC on Nov. 9, after encountering five separate periods of network downtime spanning over two hours, according to the “IS IT DOWN OR JUST ME” website.

The crypto community on Twitter has also noticed a new bright red banner that can be seen throughout the website that reads:

“FTX is currently unable to process withdrawals. We strongly advise against depositing.”

*FTX's notification on deposits and withdrawals on the trading platform. Source: FTX.com*

A pinned message on the official FTX Telegram Group on Nov. 8 also confirmed the halting of withdrawals, without any estimates about when they would return.

"We are waiting for confirmation from our team to ramp it up. Right now we dont have an ETA but surely will communicate it as soon as we have it," a member of FTX support staff wrote in the message.

Attempting to sign up for a new account on the website also comes with an alert that “signups are paused” at this current time, Cointelegraph has discovered.

This suggests that deposits, while “strongly advised against,” are only accessible to those who have existing accounts on the trading platform.

Meanwhile, two websites linked to the crypto exchange including Alameda Research and FTX Ventures remain down at the time of writing.

It comes amid an ongoing liquidity crisis being faced by the crypto exchange.

A Nov. 9 report from the Wall Street Journal claims that the exchange is facing a shortfall of $8 billion, and is unable to meet withdrawal demands without emergency funding.

Binance initially signed a non-binding letter of intent to buy out the embattled exchange but pulled out less than 48 hours later, citing the mishandling of customer funds and alleged U.S. agency investigations as the reasons for its change in decision.

Google search results for “FTX website” also saw a large spike over the last few hours following the reports that the FTX website was intermittently going down, according to Google Trends:

*Google searches for "FTX website'" over the last seven days. Source: Google Trends*

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3 reasons why Dogecoin price can now gain 50% by September

April 29, 2022 Coin Telegraph

Coin Telegraph

Yes, Elon Musk's Twitter acquisition is one of them.

At least three market catalysts show that Dogecoin (DOGE) could climb by at least 50% by the end of Q3/2022.

Falling wedge breakout in play

Dogecoin has been painting a "falling wedge" pattern on its longer-timeframe charts since May 2021, hinting at potential for a bullish reversal in the coming months.

Falling Wedges appear when the price trends lower inside a range defined by two descending, converging trendlines. Their occurrence coincides with declining trade volumes, suggesting that trading activity slowed down due to the narrowing price range.

A break of the wedge to the upside, coupled with a rise in trading volumes, suggests the asset is breaking out. As a rule of technical analysis, a falling wedge breakout can push the price upward by as much as the maximum distance between the structure's upper and lower trendline.

Applying the classic theory to Dogecoin suggests that it would rise towards $0.40 if the breakout occurs near the $0.14-level, or about 190% above today's price.

At its worst, the falling wedge breakout could have DOGE's price rally a little over 50% to $0.21, given its breakout point comes to be near the apex around $0.75.

*DOGE/USD weekly price chart featuring 'falling wedge' setup. Source: TradingView*

Elon Musk's Twitter acquisition

Earlier this week, Twitter announced that it had accepted Elon Musk's bid to buy its social media platform for $4 billion. Dogecoin price reacted bullishly on the possibility that Musk would integrate DOGE as one of the official payment mediums for Twitter's subscription services, based on his recent recommendations to the company's board.

*DOGE/USD daily price chart featuring Musk's tweet. Source: TradingView*

Noelle Acheson, head of market insights at Genesis Global Trading, noted that DOGE's price rally gets its cues from "very much speculation," given Musk still has to confirm whether or not he would add a Dogecoin payment option on Twitter.

“But the possibility, even if it is remote, is enough to get traders excited about the potential gain in DOGE adoption," he told Bloomberg.

DOGE investors are getting excited

Musk's Twitter acquisition announcement on April 25 and its subsequent positive impact on Dogecoin prices, which rose by nearly 20% on the same day, coincided with a spike in retail and institutional interest.

For instance, internet queries for the keyword "buy Dogecoin" shot up by 392% on April 25, according to Google Trends. Meanwhile, the volume of on-chain DOGE transactions with a value exceeding $100,000 reached $2.59 billion on the same day.

"This is the highest volume since March 24, and represented 94% of the total volume," data analytics platform IntoTheBlock noted.

*Dogecoin on-chain transaction volume. Source: IntoTheBlock*

CryptoWallet.com, a cryptocurrency card service, also confirmed the same in an email statement to Cointelegraph, noting that "the online interest in buying Dogecoin skyrocketed to almost four times the average volume in one day due to Musk acquiring full ownership of Twitter."

DOGE's price fell by more than 12% on April 26. Nonetheless, the decline accompanied lower volumes than the previous day, suggesting weaker profit-taking sentiment.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Google Trends