Solana Best Ethereum To Record Highest Google Search Interest
Aiming For The Top
According to the 2023 search interest report, Solana has outranked Ethereum in Google search volume for the first time. As of December 23, the trend favors Solana with a search interest score of 56, while Ethereum scored 50.
Search interest in Ethereum declined from December 17 to December 23 despite maintaining a significant lead throughout the year. If these statistics from Google Trends remain the same till the end of the year, Solana will peak in popularity during the first term of the year, with a predicted search interest score of 100 from December 24 to December 30.
Analysts opine that the shift in search interest is due to the growing popularity of the Solana ecosystem ahead of Ethereum. The Solana blockchain is popular among developers and merchants due to its low fees and reputation for fast transactions.
Nevertheless, Ethereum still has a bigger community and a more established environment than Solana. However, Solana’s rising profile suggests it could surpass Ethereum’s feats.
Regional Interest In Solana And Ethereum
A recent data analysis revealed interesting insights into the worldwide interest in Solana and Ethereum. Some countries, including Spain and the Philippines, showed a surprising preference for Solana over Ethereum, with fewer people showing interest in the latter.
But Ethereum’s popularity was still strong in many other places, such as Morocco, Indonesia, and Taiwan. Examining Solana’s searches further revealed significant patterns.
Users interested in Solana’s search features were particularly drawn to phrases like “bonk” and “tensor.” “Bonk” is an unusual word for a memecoin with a canine motif that, on December 8, had a market valuation that was 370% more than Pepecoin (PEPE).
On the other hand, “tensor” is a marketplace for nonfungible tokens (NFTs) powered by Solana, most famous for giving rise to the incredible Tensorians collection of NFTs. Solana fans have taken notice of this collection, which has recorded significant growth in the past month.
Solana and Ethereum’s differing regional interest patterns show the ever-changing global cryptocurrency preferences. The exciting comparisons between these ecosystems and the preference for Solana in certain places indicate the complexities regarding changing crypto interests and growing blockchain concepts.
Besides search interest, Solana briefly surpassed Ethereum in trading volume between December 22 and 27, peaking on the former data at $2.6B. However, the leading altcoin reclaimed its higher trading volume on December 28.
Also, Solana’s NFT sales volume exceeded Ethereum’s last week.
What Is Responsible For The Rising Interest In Solana?
The recent spike in Solana’s SOL value may have sparked global interest in the proof-of-stake blockchain technology. Following an incredible 13.8% price spike, SOL’s market capitalization eclipsed Ripple’s XRP on December 20. Its value reached over $82, its highest since May 2022.
SOL continued its upward trajectory and two days later made a huge leap in market valuation, surpassing Binance Coin (BNB) to become the fourth-largest cryptocurrency token. With this meteoric climb, SOL cemented its position as one of the top ten crypto assets.
After massive fluctuations in crypto market conditions, BNB regained its place as the fourth largest by market capitalization on December 29, following SOL’s price retracement to pre-Christmas levels.
SOL’s price spike within a few days, highlighted by its overtaking of coins like XRP and BNB, exemplified the crypto market’s volatility. At the time of writing, SOL is up 3.77% in the last 24 hours and trades at $104.77, per Coingecko data.
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