After the introduction of Bitcoin in 2009, the crypto market has expanded exponentially, becoming an industry with a market capitalization of $2.24 trillion. Daily, billions of transactions involving millions of cryptocurrencies occur. Despite Bitcoin's popularity, altcoins have gained significant traction among investors.
Google search trends provide valuable insights into the popularity of altcoins. Here are some of the most searched altcoins and their potential for investment:
Ethereum (ETH)
Ethereum is the second most prominent blockchain network after Bitcoin and the leading altcoin due to its exceptional features. As of writing, Ethereum trades at $3,307, with a market capitalization of $404 billion and a trading volume of $17.6 billion. Despite the current downtrend, Ethereum remains a valuable cryptocurrency, especially with the recent approval of the Ethereum ETF.
Solana (SOL)
Solana ranks fourth among altcoins, following Ethereum, BNB, and Tether. It has gained recognition for introducing popular meme coins to the market. However, the popularity of Solana meme coins has not significantly impacted the price performance of its native token, SOL. SOL currently trades at $127.43, with a market capitalization of $58.8 billion and a trading volume of $2.4 billion. Analysts have mixed opinions regarding SOL as an investment, but its previous surge to $260.06 indicates its growth potential.
XRP (XRP)