Google News
According to data provided by Google Trends, searches for the cryptocurrency XRP have recently reached a new peak, surpassing the peak of 2017.
The Google Trends Score aims to show the general interest in searching for a particular term on a scale from 0 to 100, with 100 being the peak of popularity. By comparison, Ethereum (ETH) showed significantly lower search interest in December than XRP by 22 points.
However, Bitcoin was ahead of Ripple in terms of search interest (43 and 28 points, respectively). The king of cryptocurrencies has been generating a lot of headlines with its recent surge above $100,000. So, this amount of search interest is not surprising. However, the cryptocurrency is far from achieving the level of popularity it saw in early 2021, and of course, late December 2017.
XRP managed to attract a lot of attention from the general public due to its amazing rise that pushed the token to almost the $3 mark. The token’s market cap briefly surpassed $150 billion, making the Ripple-related token the third-largest cryptocurrency in the world.
However, a closer look at the search trend shows that the general public is gradually losing interest in the Ripple-related cryptocurrency. The month-long trend shows a sharp decline from a high of 100 to just 22. This shows that interest in the coin started to wane once its price started to stabilize. Therefore, it is safe to say that the search spike was most likely a one-time event triggered by a price spike. According to CoinGecko data, XRP is currently trading at $2.43 after falling 0.8% in the past 24 hours. Despite its impressive rise, the cryptocurrency is still down 28.8% from its all-time high reached by the Ripple-owned cryptocurrency nearly seven years ago.#XRPNews#XRPPricePrediction
