Top 5 most searched cryptocurrencies in 2022
In 2022, Bitcoin remains the most Googled cryptocurrency. However, according to Google Trends, the internet requests for the keyword “buy cryptocurrency” have reached the lowest level since February 2020.
This year, the rates of cryptocurrencies have significantly fallen due to the decisions of the US Federal Reserve, as well as the collapse of large crypto companies such as Celsius Network, FTX and Terra.
Since the beginning of the year, the market valuation of all the cryptocurrencies has dropped by 70% to nearly $770 billion. This means that many traders and investors have left this industry.
However, the latest report published by Accenture shows that retail interest in digital currencies remains high despite the collapse of the crypto market. The reasons raised by respondents include curiosity (22%), long-term investments (28%), short-term speculation (21%) and others.
Finance portal DollarGeek also conducted its own research on the most popular cryptocurrencies of 2022. Based on this data, it can be assumed which cryptocurrencies retail investors may invest in heading into 2023.
Bitcoin is in first place on the list of most-searched cryptocurrencies. This cryptocurrency has been searched for more than 28 million times. Dogecoin is in second place (5.85 million searches). In third place is the meme coin Shiba Inu with 4.43 million searches. The fourth and fifth places are occupied by Ethereum and Cardano with 3.84 million and 1.47 million searches, respectively.
Although the Bitcoin price has fallen by almost 65% compared to the previous year, and some analysts suggest that it would fall further toward $10 thousand, people are still interested in acquiring Bitcoin. Internet searches over the past 12 months show that most investors have searched for buying Bitcoin, not selling it. Crypto enthusiast Michael Novogratz believes that in 5 years the price of Bitcoin can reach $500,000.
Dogecoin, which is next in the list, has become popular mostly due to Elon Musk, who recently bought Twitter and talked about the possible use of DOGE for in-app payments.