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- Ethereum related searches have been soaring in several countries globally
- United States, Germany, and Turkey are the top three countries showing interest in Ether
- Switzerland is the only country with highest search concentration regarding ETH
- Overall it is observed that westerns countries have shown most interest in the cryptocurrency
Ethereum is currently the second largest crypto coin in terms of market capitalization globally as per the data from CoinMarketCap. A recent report from Finbold revealed that the search trend regarding Ethereum has been observed soaring in several countries. Among the countries the United States, Germany, and Turkey have ranked at the top in terms of searches. Hence, the United States is the most interested country in Ethereum with 1,116,000 searches per month for the term “Ether”. Moreover, the stats shows around 36k internet searches daily for the second most famous crypto asset.
Ethereum being searched globally
In the United States Ether term has appeared in 1,116,000 searches. On the other side, Germany and Turkey have also followed the stats close behind with 7,36,300 and 4,08,500 searches for Ethereum. Moreover, among the top three in the list Germany is observed having the most Ethereum searches per capita, with 9.46 searches per 1k users, whereas the US had only 3.57.
The stats showed the search results from 20 countries around the world. Among the countries Switzerland on the 12th position of the list has been observed having highest concentration. However, observing the overall data it is observed that the highest concentration of interest came from regions where widespread internet access is most prevalent.
ETH price is also soaring with searches
Accoridng to the data from Google trends it is observed that Ethereum related searches are soaring tremendously. Since the beginning of this year, the search queries with Ether have hit an all-time high.
Moreover, with the interest in the searches the price of the coin has also been observed soaring. Since the beginning of the year, it is seen that the price of the cryptocurrency has increased by about 400%. With the dollar value of the coin it is also found that the total market capitalization of the coin has also increased. Currently, Ethereum is representing approximately 20% of the total cryptocurrency market capitalization as per the data from CoinMarketCap.
However, although the coin continued to boom in May 2021 currently the price is trending downward. Over the last seven days, the coin has fallen by more than 35%. And over the past 24-hours it is observed that the coin is down by more than 22%.
