Google Trends says Steem is a Top 4 Coin!
The price of steem may be way down, but it's popularity has hung in there
In a recent article on https://coinclarity.com/, the top coins were mentioned and ranked in terms of google trends and search interest.
The full article can be seen here btw:
https://coinclarity.com/using-google-trends-to-identify-popular-altcoins/
Surprisingly, steem came in at number 4 on the list!
Which was actually slightly ahead of bitcoin, which came in at number 5.
How does the ranking work?
According to the article, every coin received a ranking of "100" in January of 2018, when most coins were at their peak in terms of google search interest.
(Source: https://coinclarity.com/using-google-trends-to-identify-popular-altcoins/)
Then, two years later (January of 2020), those google trend numbers were again analyzed and compared with their previous numbers.
Bitcoin, for example, is seeing 18% of the search interest now that it was seeing back in January of 2018, thus it would receive a score of 18.
Make sense?
In order to qualify for the ranking, the coin must currently be within the top 100 coins on coinmarketcap and the coin must be at least 2 years old.
To the rankings....
Interestingly enough, there were only 4 coins that ranked better than bitcoin in terms of google trends...
The list:
- Aeternity (AE) – 8
- Basic Attention Token (BAT) – 14
- Bitcoin Cash (BCH) – 30
- Bitcoin Diamond (BCD) – 4
- BitShares (BTS) – 5
- Bytecoin (BYTE) – 2
- Cardano (ADA) – 15
- Decentraland (MANA) – 15
- Decred (DCR) – 5
- DigiByte (DGB) – 6
- DigixDAO (DGD) – 2
- Dogecoin (DOGE) – 11
- Electroneum (ETN) – 7
- Ethereum (ETH) – 9
- Ethereum Classic (ETC) – 14
- IOST (IOST) – 3
- Litecoin (LTC) – 11
- MaidSafeCoin (MAID) – 15
- MonaCoin (MONA) – 4
- Monero (XMR) – 13
- OmiseGO (OMG) – 5
- Qtum (QTUM) – 3
- Siacoin (SC) – 1
- Steem (STEEM) – 19
- Tezos (XTZ) – 28
- VeChain (VET) – 9
- XRP (XRP) – 25
- Zcash (ZEC) – 9
- Zilliqa – 4
Steem was one of them!
The most popular coins were BCH, XTZ, XRP, and then STEEM (which was then followed by BTC).
Those 4 coins got a little write-up about them in the article...
Here's steem's:
..................................................................................................................
Steem (STEEM)
Relative interest: 19
Current price: $0.124
Last but not least is Steem, a social media platform-driven blockchain that rewards content creators in the form of their native currency, STEEM. Over the last couple of years, steemit.com has established itself as an incentivized alternative to platforms like Reddit. Unlike several blockchain-based competitors that have come and gone, the developers behind Steem are committed to keeping its protocol well-oiled, up-to-date, and functioning. Though the website ranking of steemit.com has fallen over the last 3 months, the Steem protocol will soon launch the concept of “immutable communities,” which are divisions of content creators recorded and governed by its blockchain. They are indeed hoping to catch social media influencers that are becoming dissuaded by YouTube and Twitter’s overbearing policies and don’t seem likely to throw in the towel on their project any time soon.
(Source: https://coinclarity.com/using-google-trends-to-identify-popular-altcoins/)
Always good to see reminders like this that steem is likely not really deserving of it's current 80th place ranking on Coinmarketcap.com, and that hopefully over time it will start climbing back up that list.
Stay informed my friends.
-Doc
KEK!
The thing that stands out the most for me here is that people are still very interested in Ripple's XRP. So alarming that so many want to jump right back in to the same system of centralized control.
On the flip side it's nice to see Bitcoin Cash at number one considering the whole Blockstream debacle and the argument that BCH is the 'real' Bitcoin.
True, though I think they are investors looking at a project that is actually being used by real companies/businesses. That is more than the vast majority of projects can claim, so they stick with XRP. It's better than vapor ware. :)
Very good news, I still believe that Steem is the only plattform that works well besides just sending coins from one account to another.
There are not really much useful dapps out there and most of them run on Steem.
Lets stay positive and spread the word!
Agreed. There really is not much out there beyond gambling apps, and I am not sure how much of the volume on those is real people or bots playing with other bots.
Cool, I think even after the huge price drop, Steem has more actual usage than most of the other chains. This is somehow also reflected in the search trends I guess.
I have high hopes of Steem.
One of the few blockchains that works!
Well, many of them "work", though no many are really doing much besides sending coins around.
Ethereum, Eos, Tron comes to my mind that are not just for sending coins and of course Steem :)
In fact if you go to the google trends website, you will encounter this (if you search steemit): i don't know if to believe it or not (it doesn't reflect at least reality, there hasn't been new people):
The reason for this upwards seems to be related to South Korea, they are who have raised this chart.