The State Of Cryptocurrencies In 2022 : United States Leads ...| MENAFN.COM

Monday, 15 August 2022 03:21 GMT

The State Of Cryptocurrencies In 2022 : United States Leads The Way

(MENAFN- ValueWalk)
sergeitokmakov / Pixabay

  • Google Trends data reveals the worlds appetite for Cryptocurrency
  • Interest for Bitcoin is waning as North Americans show more interest in Ethereum , Solana and XRP
  • Americans concerned about Crypto's impact on the environment
  • Dogecoin is the most searched for currency in the world

A new study undertaken by Saxo Bank has analyzed Google Trends data from across the world to find out what the globe is asking about the state of world crypto in 2022. This study was conducted before the crypto market slump that has characterized the spring of 2022, and the ongoing market turmoil will likely impact the future behavior of investors around the world.

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q1 2022 hedge fund letters, conferences and more

ValueWalk's July 2022 Hedge Fund Update: Tiger Cub Hedge Fund Shuts Down

Welcome to our latest issue of issue of ValueWalk's hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Andurand's oil trading profits surge, Bridgewater profits from credit, and Tiger Cub Hedge Fund shuts down. Q1 2022 hedge fund letters, conferences Read More

The research which looked at search data from the past year, looked at countries most asked questions when it comes to Cryptocurrencies to decipher exactly where the global population stand with the digital currency, which coins are they the most interested in and who is actively looking to trade them.

When looking at global search volume regarding all crypto-related queries the United States lead the global interest with 8.21% of all queries coming from the US, this is closely followed by United Kingdom with 8.10%, Canada with 7.31%, India 6.91% and Australia with 5.97%.

When it comes to the different cryptocurrencies, the data revealed that Bitcoin is taking a bit of a backseat in the American market, with searches for Solana (18.75%) and Ethereum (14.89%) coming out higher than Bitcoin (14.29%).

The study also looked into the rise of NFTs and discovered that Americans still don't quite understand them, despite their rosta of celebrity owners, ranking 100 when it comes to 'what are NFTs search popularity. They were also the country that showed the most concern when it comes to their environmental impact and energy consumption, ranking the highest out of all territories for queries related to the topic.

Saxo also looked into the most popular coins globally and Dogecoin leads the pack with 18.56% of the globe's search volume, this is followed by NFTs with 15.74%, and Ethereum 15.71%. Bitcoin isn't far from the bottom with only 5.74% of searches.

Top 20 Countries Most Interested In Cryptocurrencies
Rank Country Percentage of search queries
1 United States 8.21%
2 United Kingdom 8.10%
3 Canada 7.13%
4 India 6.91%
5 Australia 5.97%
6 Philippines 3.10%
7 Singapore 3.04%
8 Netherlands 3.04%
9 Germany 2.98%
10 Nigeria 2.50%
11 Malaysia 2.22%
12 United Arab Emirates 2.13%
13 South Africa 2.10%
14 Ireland 1.93%
15 France 1.82%
16 Pakistan 1.73%
17 Italy 1.56%
18 Indonesia 1.53%
19 Turkey 1.48%
20 Spain 1.48%
Most Searched For Cryptocurrency
Rank Currency Percentage of search queries
1 Dogecoin 18.56%
2 NFT 15.74%
3 Ethereum 15.71%
4 Shiba 10.12%
5 Xrp 6.28%
6 Bitcoin 5.74%
7 Solana 4.92%
8 Tron Trx 3.75%
9 Cardano 3.47%
10 Tether 2.22%
11 Crypto Fiat 1.48%
12 Binance Coin 1.45%
13 Crypto Moon 1.39%
14 Crypto Airdrop 1.28%
15 Blockchain 1.17%
16 Initial Coin Offering 1.14%
17 Coinbase 1.14%
18 Terra Luna 0.60%
19 Crypto Token 0.60%
20 Crypto Mining 0.57%

About the Saxo Bank Group

Saxo Bank is a leading Fintech specialist that connects people to investment opportunities in global capital markets. As a provider of multi-asset trading and investment, Saxo Bank's vision is to enable people to fulfill their financial aspirations and make an impact. Saxo's user-friendly and personalized platform experience gives investors exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.

Updated on Jun 30, 2022, 2:04 pm


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.