Amid the significant growth of the crypto space, Bitcoin leads the popularity rankings alongside several different altcoins.
Google search trends provide insight into the popularity of altcoins, which influences investment decisions. Here’s a look at some of the most searched altcoins and their potential:
Ethereum, the second largest blockchain network after Bitcoin, continues to be highly sought after for its advanced capabilities. Despite its current downtrend, Ethereum trades at $3,373 with a market cap of $405 billion and a trading volume of $22 billion. The recent approval of the spot Ethereum ETF reinforces its appeal as a value investment.
Solana ranks fourth among altcoins, mostly because of its role in the launch of meme coins, which have enjoyed tremendous interest since the beginning of the year. SOL currently trades at $135, with a market cap of $62 billion and a trading volume of $3.4 billion. Analysts’ views on SOL are varied, but its previous rise to $260 may suggest potential for further growth.
Pepe has seen significant price spikes, reaching a high of $0.00001718 this year. At the time of writing the price is $0.00001169, which is 46% lower, Pepe has gained a total of 19,000%, positioning it favorably among altcoins for potential investment.
The cryptocurrency market provides diverse opportunities amid recent price declines, making the timing favorable for investors to consider entering the altcoin markets.
Pi Coin has experienced a dramatic decline in value, shedding around 70% from its peak price.
A significant loss has been recorded by an Ethereum whale, as revealed by on-chain data shared by The Data Nerd.
The downturn in the digital currency market has finally caught up with Pepe Coin, as recent activity from one of its major whales reveals a large selloff, casting a further shadow on the token’s future.
Ethereum’s blockchain underwent a significant shift on September 15, 2022, moving from a proof-of-work (PoW) security model to proof-of-stake (PoS).