Cryptocurrencies haven’t been failing to steal the news spotlights in 2022 for various reasons. Given the Federal Reserve’s crypto stances and the FTX, Terra, Celsius Network, etc. debacles, it’s worrying.
As per Google Trends, internet searches for the keyword “buy cryptocurrency” have fallen considerably since February 2020.
But as per the Global Consumer Payments Report 2022 by Accenture, retail investors’ interest in cryptocurrencies has risen. Despite the 2022 crypto market crash, the retail investors stay driven by long-term investments (28%), curiosity (22%), and short-term speculation (21%).
But DollarGeek’s research on the most-searched cryptocurrencies worldwide in 2022 reveals an interesting analogy. With 28,410,000 monthly Google searches, Bitcoin (BTC) tops the most-searched cryptocurrencies worldwide ranking in 2022.
Crypto investors are still interested in Bitcoin given the favorable assessments of its quality by market experts over the years. Noteworthy is venture capital investor Tim Draper, who believes fragile altcoins will go absent in the incumbent market crash, benefitting Bitcoin.
Sharing his 2023 Bitcoin price vision, Tim Draper tweeted:
With @CNBC @WebSummit . Here is why @bitcoin will reach $250k. https://t.co/DqARhl8pAu
— Tim Draper (@TimDraper) December 16, 2022
Compared to searches for the keyword “sell Bitcoin,” the “buy Bitcoin” keyword has had more searches in the last 12 months. The graph below indicates the “sell Bitcoin” (blue) and the “buy Bitcoin” (red) searches.
Second in the ranking is Shiba Inu, with 4,430,000 monthly searches worldwide in 2022. Shiba Inu’s recent metaverse and the much-awaited Shibarium launches have sparked community interest.
Crypto.com being the largest SHIB holder as of November 2022 has also helped Shiba Inu sustain its position.
Third in the ranking is Dogecoin, with 5,850,000 monthly searches worldwide in 2022. Elon Musk had recently teased the integration of Dogecoin into Twitter for in-app payments. Dogecoin has also just got listed on the U.S. trading platform, Robinhood.
Ethereum, or Ethereum 2.0, ranks fourth in the ranking, with 3,840,000 monthly searches worldwide in 2022. The Ethereum Network’s merge-switch to proof-of-stake (PoS) from the proof-of-work (PoW) stole the spotlight.
Cardano’s ADA ranks fifth in the ranking, with 3,840,000 monthly searches worldwide in 2022.
In January 2022, ADA surpassed Bitcoin and Ether in price performance. But then even Cardano’s Vasil hard fork in September couldn’t raise community interest for searching Cardano.
Litecoin, Cardano, XRP, Safemoon, and Nexus ranked sixth, seventh, eighth, ninth, and tenth, respectively.
