Ethereum, the second largest cryptocurrency by market value, has seen increasing interest from various countries in the world.
The United States was the country with the most interest in Ethereum, followed by Germany and Turkey.
Increasing interest in Ethereum:
According to the source , who covered the research conducted by “Invezz” and which covered the top 20 countries that showed interest in Ethereum (ETH), the results were as follows:
The United States ranked first, with 1,116,000 online searches for Ethereum per month.
This means that there have been 36,000 searches on the Internet for the word “Ethereum” per day.
After the USA, Germany and Turkey ranked second and third in a row through their internet search for the second largest cryptocurrency.
While Germany has 736,300 searches per month, Turkey has 408,500 Ethereum searches per month online.
Other countries such as Brazil, France, the United Kingdom and Canada ranked fourth, fifth, sixth and seventh, respectively.
These countries conduct more than 200,000 searches for Ethereum per month from their citizens.
Meanwhile, Switzerland, which ranks 12th in the list with more than 93,000, has the highest number of searches per 1,000 users.
Indonesia, which ranks 18th in terms of monthly Ethereum searches, is the least interested in searching, at a rate of 0.19 per 1,000 internet users.
Reasons for interest in Ethereum:
Interest in Ethereum has emerged even more after the currency’s value witnessed explosive growth in value in 2021, with the currency’s price appreciating nearly 400% since the beginning of January.
From a price of around $ 700 at the start of the year, the value of the cryptocurrency continued to rise along with increasing its dominance in the market, until it reached an all-time high above $ 4,300 earlier in May.
Although the price has seen a sharp drop compared to the highest level Ethereum has reached, the second largest cryptocurrency is currently trading around the price range of $ 3,000.
While Bitcoin has seen an increase in institutional and retail adoption, Ethereum is also gaining attention.
Speaking of the adoption of Ethereum and the growth of interest in it, Jason Derek of Invezz stated:
THE EXTENT TO WHICH ETHEREUM WILL PLAY IN TERMS OF FINANCIAL TRANSACTIONS AND SMART CONTRACTS WILL BE SIGNIFICANTLY HIGHER OVER THE COMING YEARS.