Solana Copies Ethereum With Google Search Demand: Data
Google surpasses “Ethereum” for the first term “Solana” in 2023 as traders get excited about moves in the ecosystem.
While Ethereum had a wide lead over Solana in search interest throughout the year, the data changed from December 17th to December 23rd, with Solana having a search interest of 56 to Ethereum's 50.
According to Google Trends data, the search term Solana is set to gain 100 points in search demand between December 24th and December 30th. Google Trends mentions that a 100 value means “the highest popularity of the term.”
Data shows that Solana has attracted more search interest than Ethereum in countries like Spain and the Philippines. However, the demand for Ethereum is still dominant in Indonesia, Taiwan, Morocco and others.
Meanwhile, the data shows that users who searched for Solana showed interest in search terms like “bonk” and “tensor.” Bonk is a dog-themed memecoin that overthrew Pepecoin (PEPE) in market capitalization on December 8 following a 370% monthly gain. On the other hand, Tensor is a Solana-based cryptocurrency marketplace that created the NFT collection Tensorians, which has seen significant gains over the past 30 days.
Related: Solana Up 95% in December – But Why Are AVAX, INJ, NEAR Rising More?
Interest in the blockchain platform may also have been boosted by the recent price increase of the Solana (SOL) token. On December 20, SOL's market value surpassed Ripple's XRP (XRP). The token's price increased by 13.8%, surpassing $82 and XRP for the first time since May 2022.
On December 22, SOL took the spot for the fourth largest crypto token by market capitalization, overtaking BNB (BNB). However, BNB regained its position on December 29 as the SOL token returned to pre-Christmas prices.
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