Top five cryptocurrencies on Google worldwide in 2022

Cryptocurrencies have suffered greatly in 2022 from the onslaught of the Federal Reserve hawks and the collapse of cryptocurrency platforms FTX, Terra, Celsius Network, and others.

What are the most searched cryptocurrencies in 2022?

Notably, the market valuation of all cryptocurrencies combined is down 70% year-to-date to nearly $770 billion, signifying huge concessions by traders and investors alike.

Declining demand has also pushed online requests for the keyword “buy cryptocurrency” to their lowest levels since February 2020, according to Google Trends.

interest b The keyword “buy cryptocurrency” over the past five years. Source: Google Trends

However, Accenture’s latest 2022 Global Consumer Payments Report shows that retail interest in cryptocurrencies remains high despite the market crash in 2022. Reasons given by respondents include long-term investments (28%), curiosity (22%), and speculation short-term (21%) and others.

Meanwhile, separate research by personal finance portal DollarGeek delves into the most searched cryptocurrencies in 2022 worldwide, offering a rough view of what retail players might invest heading into 2023.

Top 10 cryptocurrencies based on monthly US and global searches. Source: DollarGeek

Bitcoin is still the most searched on Google by far

Bitcoin (BTC) emerged as the most used cryptocurrency on Google in 2022 in DollarGeek searches, attracting 28.41 million monthly searches worldwide.

Interest remains relatively high as experts rate its quality in comparison to other crypto assets in the industry. For example, venture capital investor Tim Draper believes that weaker currencies will become relics amid the ongoing crypto winter in favor of Bitcoin.

Related: Tim Draper Still Positive on Bitcoin Price Predictions at $250K in 2023

The price of BTC is down nearly 65% ​​since the start of the year, with some analysts predicting a further drop towards $10,000. But internet searches over the past 12 months revealed that most people searched for buying Bitcoin, not selling it, indicating that most people had never owned Bitcoin.

Interest in the keywords “buy bitcoin” (red) and “sell bitcoin” (blue) over the past 12 months. Source: Google Trends

Elon Musk’s favorite Dogecoin is at number two

Dogecoin (DOGE) is the runner-up to Bitcoin, attracting an average of 5.85 million monthly searches worldwide in 2022.

The cryptocurrency-meme was in the news mostly because of Elon Musk buying Twitter and teasing his followers with the idea of ​​integrating DOGE payments for in-app payments. However, it also gained traction after being listed on Robinhood, a US-based no-commission trading platform.

Click Collect below the illustration at the top of the page or Follow this link.

These events helped Dogecoin register temporary spikes in internet searches, as shown in the Google Trends chart below. For example, Musk’s eventual purchase on Twitter in late October coincided with internet trends Dogecoin skyrocketing to a perfect 100.

Interest in the keyword “Dogecoin” over the past 12 months. Source: Google Trends

Therefore, while the price of DOGE is down about 55% since the beginning of the year, research data on the Internet indicates that the pool of potential buyers may be relatively higher in number than sellers, similar to Bitcoin.

Interest in the keyword “buy Dogecoin” (blue) and “sell Dogecoin” (red) over the past 12 months. Source: Google Trends

Shiba Inu comes in third but beats Dogecoin in the US

The number of monthly Internet searches conducted by Shiba Inu (SHIB) worldwide reached 4.43 million. However, the meme-coin has beaten its strongest competitor Dogecoin in the US, with 1.29 million monthly searches against 729,000 searches for DOGE.

This is despite Shiba Inu’s weaker price performance in 2022 compared to Dogecoin. SHIB stock is down nearly 75% year-to-date, but has remained in the news due to its foray into the metaverse and the potential launch of Shibarium, Shiba Inu’s Ethereum layer-2.

In addition, Internet searches for Shiba Inu are also up due to Crypto.com, a crypto exchange with the largest SHIB position as of November 2022. The market fears that Crypto.com will become insolvent, prompting it to sell its SHIB holdings.

Interest in the keyword “Shiba Inu” over the past 12 months. Source: Google Trends

However, Crypto.com CEO Chris Marsalek explained that SHIB’s escalating reserves are due to customer buying.

Consolidation helps Ethereum secure fourth place

Ethereum is the fourth most popular cryptocurrency on Google worldwide with 3.84 million monthly searches in 2022 despite the Ether (ETH) price losing 67% since the beginning of the year.

The second largest blockchain by market cap has been in the news throughout the year due to its shift to proof of stake (PoS) from proof of work (PoW) via consolidation. Notably, interest in the keyword “Ethereum” and related terms like “Ethereum 2.0” and “Merge” peaked in September when a PoS switch occurred.

Interest in the keyword “merge” over the past 12 months. Source: Google Trends

Internet searches for Ethereum may also have gained traction due to concerns that it has become a security after the PoS upgrade. Recently, crypto platform Paxful removed support for ETH citing similar reasons.

The Cardano pump has the fifth-highest inquiries online

Cardano (ADA) attracted an average of 1.47 million internet searches per month in 2022, becoming the fifth most popular cryptocurrency on Google worldwide.

The Cardano trend gained momentum precisely in January 2022 when ADA outperformed the price of Bitcoin and Ether. Later, however, searches declined although Vasil hard fork in September failed to cause a spike in interest.

Interest in the keyword “Cardano” over the past 12 months. Source: Google Trends

Other honorable mentions for the most searched cryptocurrencies of 2022 include Avalanche (AVAX), Litecoin (LTC), XRP (XRP), SafeMoon (SAFEMOON), and Nexus (NXS).

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making a decision.