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!
Bitcoin (BTC)
Price: $2789.93
Market Cap: $45,964,027,002
Ethereum (ETH)
Price: $104.86
Market Cap: $18,242,813,977
Ripple (XRP)
Price: $0.166
Market Cap: $6,368,736,351
Litecoin (LTC)
Price: $40.83
Market Cap: $2,131,841,794
NEM (XEM)
Price: $0.159
Market Cap: $1,433,844,000
Dash (DASH)
Price: $185.35
Market Cap: $1,381,570,241
Ethereum Classic (ETC)
Price: $14.23
Market Cap: $1,337,291,502
IOTA (MIOTA)
Price: $0.267
Market Cap: $742,912,854
Monero (XMR)
Price: $44.21
Market Cap: $656,520,123
EOS (EOS)
Price: $1.87
Market Cap: $462,268,515
==============================================================
Thanks For Reading Perpetual Growth Crypto!๐
Sharing useful information is how we build value together and I'm extremely grateful to be a part of the crypto community!
New to crypto? Here are some helpful links!
Buying crypto?
Use Coinbase to buy and sell BTC, ETH, and LTC using my referral link and we both get $10 when you buy your first $100 in coin!
Coinbase alternative
Try Changely
Wallet
https://www.exodus.io/
Price Information
https://coinmarketcap.com/
http://www.coincap.io/
This article is not intended for and should not be construed as financial advice. Do your own research before investing and never risk more than you can lose!
==============================================================
Your donations are greatly appreciated! ๐
Bitcoin: 17KjLN1SLrWVHcuz1sih6hU2nLTECJvwpT
Ether: 0x16360998526cead5cb6804ff4fc4798593f4a98d
Litecoin: LdTP9gzG9SmnyHo9GPzhZ4dG6jfqjKSk3D
Dash: XnEe4Jx8xAXBm76fuKBXKxUsMLavPzBkNm
Golem: 0x16360998526cead5cb6804ff4fc4798593f4a98d
Donations go toward maintenance and promotion of www.steemit.com/@pgcrypto and www.perpetualgrowthcrypto.com to bring you the latest, most comprehensive information relating to cryptocurrency and FinTech. Thanks!
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.
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.
I agree, they are the easiest to use. I'm anxious to see more competition in the industry so I have better options.
This post received a 2.4% upvote from @randowhale thanks to @pgcrypto! For more information, click here!