Business

Ethereum Is Becoming Popular Among U.S., Germany & Turkey – Analysis Report.

United States is among the list of most curious nations about Ethereum [ETH], followed by Germany and Turkey, an analysis of search data has revealed.

An official report by Invezz.com, as reported by Finbold, revealed 1,116,000 searches per month for the term “Ether” emanating from the U.S. Excluding searches by budding chemists, that’s the equivalent of around 36k web searches per day for the world’s second-leading cryptocurrency by market capitalization.

Germany and Turkey followed close behind with 736,300 and 408,500 searches per month, respectively. Among the highest three, Germany contained the foremost Ether searches per capita, with 9.46 searches per 1,000 internet users, compared to 3.57 within the U.S.

Switzerland, which came 12th on the list, outlined the very best concentration of search interest, with 11.79 searches per 1k web users. The UK came 6th on the list, with 230,000 monthly searches, equating to 3.53 searches per 1k. Predictably, the very best concentrations of interest came from Western countries, where widespread web access is most prevalent.

Google Trends data reveal a marked hike within the number of Ethereum Google queries since the starting of this year, with searches hitting an all-time high so far. Ether’s price has increased on the brink of 400% since January alone, climbing from around $700 USD to its present valuation of around $3,460 USD. As the dollar value of Ether grew, so too did its overall dominance within the crypto market capitalization rankings, with Ether representing on the brink of 20% of the worldwide market cap by early May.

A recent report outlined that Ether investment products continued to boom this month, whilst the coin price receded almost 25% from its all-time high. Ethereum’s transaction fees fell in exaggerated tandem with its coin’s price, sinking 71% from a recent peak.

Leave a Comment

Your email address will not be published. Required fields are marked *