๐Ÿ“ˆ Top 10 Cryptocurrency Keyword Trend Statistics : July 28, 2017 ๐Ÿ“‰

in crypto-news โ€ขย  7 years agoย 

Google Keyword Trend Statistics for the Top 10 Cryptocurrencies by Market Cap

Today I decided to go ahead with the plan from yesterday and compare 'Buy' and 'Sell' keyword interest on a seven day chart. Smaller time intervals produce noisier signals but we can still see general trends established in many cases. Either way, I might try daily charts next time to get a comparison. I also feel like focusing on google keywords tends introduces bias toward the interests of new money entering the market rather than old money being shuffled around so I've been thinking about variables I could introduce to test or accommodate that.

Bitcoin ends with increasing buy and sell interest but we can see that the buy interest appears steadier throughout the week while the sell interest has a few spikes closer to the end of the week. I think the price of Bitcoin will rise until August 1 in anticipation of scoring some Bitcoin Cash (BCC) so I don't necessarily agree with what the charts appear to be showing but these are also pretty weak signals.

We do have something of a wedge formation at the end of the buy interest in Ripple; perhaps we'll see another dip in prices before Aug 1. Comparing the volatility reveals some interesting trends: NEM and IOTA have significantly higher volatility on their buy charts than the sell charts and those two managed to hold and even increase in value during the correction we saw yesterday. I still want to try a shorter time frame next time but volatility may be the key to reading these charts.

As always, thanks for reading and hodl on, happy people!

  1. Bitcoin (BTC)
    Price: $2789.93
    Market Cap: $45,964,027,002
    btc.png
    btc.png

  2. Ethereum (ETH)
    Price: $104.86
    Market Cap: $18,242,813,977
    eth.png
    eth.png

  3. Ripple (XRP)
    Price: $0.166
    Market Cap: $6,368,736,351
    ripple.png
    xrp.png

  4. Litecoin (LTC)
    Price: $40.83
    Market Cap: $2,131,841,794
    ltc.png
    ltc.png

  5. NEM (XEM)
    Price: $0.159
    Market Cap: $1,433,844,000
    nem.png
    nem.png

  6. Dash (DASH)
    Price: $185.35
    Market Cap: $1,381,570,241
    dash.png
    dash.png

  7. Ethereum Classic (ETC)
    Price: $14.23
    Market Cap: $1,337,291,502
    etc.png
    etc.png

  8. IOTA (MIOTA)
    Price: $0.267
    Market Cap: $742,912,854
    iota.png
    iota.png

  9. Monero (XMR)
    Price: $44.21
    Market Cap: $656,520,123
    monero.png
    monero.png

  10. EOS (EOS)
    Price: $1.87
    Market Cap: $462,268,515
    eos.png
    eos.png

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ย  ยท ย 7 years agoย 

Great job, really appreciate what you're doing here. I would reconsider recommending Coinbase though. I previously directed everyone to them but with their lack of support and mishandling of the coming fork I've stopped.

ย  ยท ย 7 years agoย 

Thanks for the suggestion! My feelings about them vary as well but ultimately they still strike me as the most user-friendly interface for fiat-to-digital exchange.

ย  ยท ย 7 years agoย 

I agree, they are the easiest to use. I'm anxious to see more competition in the industry so I have better options.

ย  ยท ย 7 years agoย 

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