• Dogecoin (DOGE) is currently trading at $0.074 with a 1% loss in the last 24 hours.
• A report from DollarGeek suggests that cryptocurrencies remain some of the most searched digital financial assets of 2022 with over 7 million monthly searches in the United States and over 40 million global searches.
• Bitcoin remains the most popular cryptocurrency with an estimated 4,500,000 monthly searches in the U.S. and 28,400,000 monthly searches globally.
The crypto market is currently experiencing a period of stagnation due to the holiday season, leading to sideways activity for digital assets like Dogecoin (DOGE). As of this writing, DOGE is trading at $0.074 with a 1% loss in the last 24 hours. In the previous seven days, DOGE has seen some small profits with a 5% gain. Other cryptocurrencies in the top ten by market cap are similarly performing.
Despite the persistent downside trend in its prices and unfavorable macroeconomic conditions, digital assets remain popular. A report from DollarGeek suggests that cryptocurrencies remain some of the most searched digital financial assets of 2022 with over 7 million monthly searches in the United States and over 40 million global searches. Bitcoin remains the most popular cryptocurrency with an estimated 4,500,000 monthly searches in the U.S. and 28,400,000 monthly searches globally. The benchmark crypto’s decentralized nature, combined with the declining trust in a central authority, has made it a popular alternative to traditional financial assets.
Other cryptocurrencies have also been gaining popularity, such as Shiba Inu and Chiliz. Shiba Inu is a decentralized, open source cryptocurrency that’s built on Ethereum’s blockchain. It’s been gaining traction in the market due to its low transaction fees and high speed of transaction. Similarly, Chiliz is a digital asset designed to be used as a medium of exchange in the sports and entertainment industry. It’s been gaining traction due to its use of blockchain technology to facilitate the exchange of digital tokens.
Overall, the crypto market is continuing to experience a period of stagnation due to the holiday season. Despite the bearish trend in prices, the sector is still popular due to the decentralized nature of cryptocurrencies, as well as the declining trust in a central authority. As such, Bitcoin, Shiba Inu and Chiliz are some of the most popular cryptocurrencies as of 2022.
