[$DEGEN became the most searched cryptocurrency this week, followed closely by $PORTAL ]
Crypto analysis platform Phoenix announced the ranking of the most searched cryptocurrencies on CryptoRank, revealing the DeFi industry currencies that have attracted the most attention recently. The top three are Degen (DEGEN), Portal (PORTAL) and Moo Deng (MOODENG). Other popular coins include Secret Network (SCRT), Sender AI (ASI), and Open Loot (OL).
Although the top-ranked Degen (DEGEN) is a hot topic, its price has dropped 24% in the past seven days, showing that popularity and price performance are not necessarily proportional. In contrast, Secret Network (SCRT) rose 131% during the same period, showing strong momentum, which may be driven by project developments or good news.
These data reflect the broad scope of investors' attention, covering highly speculative currencies and projects with clear value propositions. At the same time, investors are also reminded that the crypto market is highly volatile and they need to conduct in-depth research on the fundamentals when choosing investment targets, rather than relying solely on popularity rankings to make judgments.