Altcoins
Most searched altcoins on Google; Is it worth buying?
After the introduction of Bitcoin in 2009, the cryptocurrency market grew multiple times, becoming a $2.24 trillion market capitalization industry. Furthermore, billions of transactions for millions of cryptocurrencies are made every day. Although Bitcoin is the most popular cryptocurrency, it varies altcoins they also have great popularity among investors.
Additionally, Google searches are a good way to determine the altcoin’s popularity among investors. That’s why we talk about some of the most Googled altcoins and whether or not they’re worth buying.
Ethereum (ETH)
After Bitcoin, Ethereum is the second most popular blockchain network and number one among millions of altcoins due to its amazing features. At the time of writing, the Ethereum price is in a downtrend, currently trading at $3,307 with a market cap of $404 billion and a trading volume of $17.6 billion. Despite the continued decline, Ethereum is worth buying cryptocurrency, especially with Ethereum ETF approval.
Solana (SOL)
Solana is the fourth most popular altcoin, after Ethereum, BNB and the stablecoin Tether. It has become the most popular network for introducing meme coins to the market, which has become profitable this year. however, the Solana meme coins popularity is not visible in the native token, the price performance of SOL. THE Price SOL has been struggling for a while now and is currently at $127.43 with a market cap and trading volume of $58.8 billion and $2.4 billion. Analysts are divided on buying SOL, but this altcoin has risen to as high as $260.06, indicating high growth potential.
XRP (XRP)
XRP is famous for its Ripple network’s legal disputes with the SEC, the impact of which is viewed negatively on this token. With the market crash, the XRP Price is suffering even more these days, as it fell to $0.4794, which is 87% lower than its all-time high of $3.84 six and a half years ago. Based on this, XRP has been following a downward trend for years, distressing its holders. As the Ripple vs. SEC
The dispute is still open and the price has not recovered for so long that many analysts do not include XRP among the best altcoins to buy.
Toncoin (TON)
Toncoin has recently grown in popularity due to continued collaboration with Telegram
, a popular social media platform. It is among the few altcoins that have posted strong gains this year, outperforming Bitcoin. This year, toncoin price increases have increased by 213% in the current year, despite the recent decline following the market. It is currently valued at $7.37 with a market capitalization of $18.1 billion and a trading volume of $401 million.
Pepper (PEPPER)
PEPE grew in popularity when it reached a high of $0.00000378 last year, but interestingly, it increased three times this year in May, valuing as high as $0.00001718. Adding to the previous hype was his stunning performance in May, creating an ever-larger surge. however, the Price PEPPER is down 37%, currently at $0.00001087, with a market cap of $4.5 billion and trading volume of $739 million. Overall, PEPE has made gains of 19,000%, making it one of the best altcoins to buy.
Altcoins like Gamestop, Bitcoin and others have become trending these days and are also among investors’ buying lists. Since the cryptocurrency market is slow, most altcoins suffer and fall with their prices, providing decent opportunities to purchase them at low prices, earning high returns when the market turns favorable.
Keep reading The Free Fall of Meme Coins: What You Should Know