2021-12-9 16:36 |
Tech giant Google has released the trending searches of 2021, and crypto has again made its way into it.
This time, the popular memecoin ‘Dogecoin’ (DOGE) and ‘Ethereum Price’ have made their way into the news section of Google Trends.
DOGE came in fourth place, while Ether was the 10th most popular one on the search engine this year.
A crypto market darling Dogecoin has been the onboarding asset for many in the crypto community. While a popular memecoin in crypto, this year DOGE slowly became a boomer coin thanks to the rise of other competitors like SHIB, which gained the attention of zoomers.
SHIB -1.32%
SHIBA INU / USD
SHIBUSD
$ 0.00
$0.00
-1.32%
Volume 1.03 b
Change $0.00
Open $0.00
Circulating 10 t
Market Cap 20.1 b
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Additionally, while Tesla CEO Elon Musk becoming a vocal proponent of it, helped the coin early in the year, ever since topping out in May, it hasn’t added anything to DOGE’s value. However, it is to be seen if some of the buzz would return to the coin when Musk’s SpaceX sends the Doge-1 satellite into space next year.
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We’re excited to launch DOGE-1 to the Moon!” said SpaceX vice-president of commercial sales Tom Ochinero early last month.
DOGE -1.48%
Dogecoin / USD
DOGEUSD
$ 0.18
$0.00
-1.48%
Volume 851.36 m
Change $0.00
Open $0.18
Circulating 132.45 b
Market Cap 23.36 b
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Now coming to Ethereum, the second-largest cryptocurrency, is making its place in the institutions' portfolio this year. And while other layer ones like Solana (SOL), Avalanche (AVAX), BSC, and Fantom (FTM) are gaining traction, it’s to be seen if that will be sustainable in the long term. For now, Ether continues to lead the world of smart contracts and decentralized applications.
SOL -2.54%
Solana / USD
SOLUSD
$ 187.35
-$4.76
-2.54%
Volume 1.84 b
Change -$4.76
Open $187.35
Circulating 307.35 m
Market Cap 57.58 b
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AVAX -2.03%
Avalanche / USD
AVAXUSD
$ 89.25
-$1.81
-2.03%
Volume 812.97 m
Change -$1.81
Open $89.25
Circulating 242.81 m
Market Cap 21.67 b
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FTM -3.94%
Fantom / USD
FTMUSD
$ 1.53
-$0.06
-3.94%
Volume 321.91 m
Change -$0.06
Open $1.53
Circulating 2.55 b
Market Cap 3.88 b
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Ethereum price has also been enjoying an uptrend, in part thanks to ETH being burned. So far, over 1.15 million ETH (worth about $4.5 bln) has been burned since the implementation of EIP 1559 in early August.
The growing amount of ETH, paid in fees, being burned has led to the cryptocurrency effectively becoming a deflationary asset.
While Ether might be keeping just above $4,000 in USD, against BTC, it seems ready to wreak some havoc due to Bitcoin being stuck around $50,000.
Ether is also just 11.6% away from its all-time high of $4,885, while Bitcoin is 28.6% off its $69,000 ATH.
Today, ETHBTC hit a new 2021 high at 0.0886. As of writing, it is around 0.0872.
Ether is looking better than Bitcoin in terms of the potential upward trend from here compared to the leading cryptocurrency.
“Btc, clear spot distribution into deriv longs, wiped, all poc underwater. Eth, giga cascade failed to even nuke the range, v rarely seen this type of strength before where giga nuke results in insta recovery into main level where volume happens, strong af indeed,” commented trader CL.
eth gonna just go to 5200 imo, this thing has such insane strength
— punk #14024 (@loomdart) December 8, 2021
This has the crypto community expecting a flippening sooner than later. While the latest sell-off came amidst the rising chanting of flippening, this time, it looks like the flippening will finally be a reality.
It is to be seen just how long this flipping will last as back in January 2018, after Bitcoin topped and altcoins started running higher, Ether did flip Bitcoin to be the number one cryptocurrency, but that didn’t last for long.
Bitcoin BTC $ 49,080.92 -0.21% -2.35% -13.26% baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); See Details Ethereum ETH $ 4,285.54 0.00% -2.70% -5.41% baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); See Details The post ETHBTC Hits New 2021 High, Dogecoin and Ethereum Price Leading Google Trends in 2021 first appeared on BitcoinExchangeGuide.Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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