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Followed by USDT, Bitcoin Leads PH Google Trends Search Interest

Photo for the Article - Followed by USDT, Bitcoin Leads PH Google Trends Search Interest

Following the surge in value of cryptocurrencies since last month, BitPinas tracked Filipino Google search interest in various tokens using Google Trends over the past 30 days, from February 15 to March 15, 2024. 

This analysis examines the top 10 cryptocurrencies listed on CoinGecko by market capitalization. It indicates that Bitcoin remains in the lead, followed by USDT. All coins were categorized as “search term” for result consistency. 

Bitcoin in the lead

Over the past 30 days, the search interest in the top cryptocurrency, Bitcoin, has exhibited consistent fluctuations, notably rising alongside increases in BTC’s price.

Towards the end of February, search interest surged as the value of Bitcoin surpassed the $60,000 mark. In early March, BTC rallied further, hitting the $70,000 milestone and ultimately reaching a new all-time high for the cryptocurrency.

Starting from March 11, search interest decreased as the value of Bitcoin began to fluctuate. On March 15, Bitcoin dipped into the $69,000 range twice. However, it’s important to mention that Bitcoin reached its all-time high of $73,835.57 on March 14, 2024. At the time of writing, BTC is back in the $71,000 range.

Photo for the Article - Followed by USDT, Bitcoin Leads PH Google Trends Search Interest
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Last month, BitPinas previously noted a significant increase in online searches about cryptocurrency in the Philippines, correlating with rising Bitcoin prices and growing interest in digital assets. The report analyzed the search interest trend surrounding Bitcoin from February 22-29, coinciding with its value surge from $50,000 to over $60,000.

BTC to PHP

Bitcoin Vs. USDT

Throughout the observed period, Bitcoin consistently maintained higher search interest compared to Solana. The average search interest for Bitcoin over the entire month was 56, whereas Tether averaged 33.

While interest in BTC fluctuates, USDT has maintained consistent interest, with a slight increase noted in mid-March.

For the past month, Bitcoin has been most searched in Caraga, Eastern Visayas, MIMAROPA, Autonomous Region in Muslim Mindanao, and Northern Mindanao. USDT, on the other hand, is popular in Central Luzon, Metro Manila, CALABARZON, Zamboanga Peninsula, and CARAGA.

In the last Google Trends analysis of BitPinas, Solana was the second searched crypto in the Philippines surpassing the search interest on other leading cryptocurrencies.

Bitcoin Vs. Other Top Crypto

In the last 30 days, it’s clear that there’s a significant difference in search interest between Bitcoin and other leading cryptocurrencies.

Based on CoinGecko data, the top cryptocurrencies following Bitcoin, listed in chronological order, include Ethereum (ETH), Tether (USDT), BNB, Solana (SOL), Lido Staked ETH (STETH), XRP, USDC, Cardano (ADA), and Dogecoin (DOGE).

In the previous month, ETH had an average search score of 23, surpassing Solana with just a score of 15. BNB recorded an average of 14, while STETH had 0; it reached an average of 1 on March 3, with no searches before or after that date.

ETH was predominantly searched in the Davao region, while Solana saw the highest search interest in Cagayan Valley. BNB garnered the most attention in Eastern Visayas, and STETH was searched in Metro Manila.

Photo for the Article - Followed by USDT, Bitcoin Leads PH Google Trends Search Interest

XRP attained an average search score of 13, with the highest search interest observed in the Bicol region, while USDC scored 1 and saw the most searches in the Davao region. Cardano averaged 2, with the highest search interest noted in MIMAROPA, and Dogecoin scored 3, primarily searched for in the Davao region.

Photo for the Article - Followed by USDT, Bitcoin Leads PH Google Trends Search Interest

This article is published on BitPinas: Followed by USDT, Bitcoin Leads PH Google Search Interest

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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