ETHBTC Hits New 2021 High, Dogecoin and Ethereum Price Leading Google Trends in 2021
Tech giant Google has released the trending searches of 2021, and crypto has again made its way into it.
DOGE came in fourth place, while Ether was the 10th most popular one on the search engine this year.
A crypto market darling Dogecoin has been the onboarding asset for many in the crypto community. While a popular memecoin in crypto, this year DOGE slowly became a boomer coin thanks to the rise of other competitors like SHIB, which gained the attention of zoomers. SHIB -11.06% Shiba Inu / USD SHIBUSD $ 0.00
$0.00-11.06% Volume 1.68 b Change $0.00 Open $0.00 Circulating 10 t Market Cap 10.67 b 1 mon ETHBTC Hits New 2021 High, Dogecoin and Ethereum Price Leading Google Trends in 2021 1 mon Terra Stablecoin Supply Surges by $5B In Under A Month, Bitcoin in Macro’s Clutches, SHIB Added to Balance Sheet 1 mon Twitter CEO & Bitcoiner Jack Dorsey is Out, Ethereum Is In
Additionally, while Tesla CEO Elon Musk becoming a vocal proponent of it, helped the coin early in the year, ever since topping out in May, it hasn’t added anything to DOGE’s value. However, it is to be seen if some of the buzz would return to the coin when Musk’s SpaceX sends the Doge-1 satellite into space next year.
“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We’re excited to launch DOGE-1 to the Moon!” said SpaceX vice-president of commercial sales Tom Ochinero early last month. DOGE -6.46% Dogecoin / USD DOGEUSD $ 0.13
-$0.01-6.46% Volume 1.34 b Change -$0.01 Open $0.13 Circulating 132.67 b Market Cap 17.24 b 4 w Ray Dalio says, Bitcoin Is An “Alternative Money” While NFTs An Investment; May Also Become A Type of Money 1 mon Dogecoin Foundation Working with Ethereum Co-Founder Vitalik for DOGE Staking Proposal 1 mon DOGE Sucking Liquidity from Crypto Market Again, Tesla to Accept Dogecoin Again For Merch
“Strong AF Indeed”
Now coming to Ethereum, the second-largest cryptocurrency, is making its place in the institutions' portfolio this year. And while other layer ones like Solana (SOL), Avalanche (AVAX), BSC, and Fantom (FTM) are gaining traction, it’s to be seen if that will be sustainable in the long term. For now, Ether continues to lead the world of smart contracts and decentralized applications. SOL -13.04% Solana / USD SOLUSD $ 85.58
-$11.16-13.04% Volume 3.98 b Change -$11.16 Open $85.58 Circulating 314.69 m Market Cap 26.93 b 3 w Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 3 w Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows AVAX -9.67% Avalanche / USD AVAXUSD $ 57.54
-$5.56-9.67% Volume 1.03 b Change -$5.56 Open $57.54 Circulating 244.84 m Market Cap 14.09 b 3 w Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 3 w StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet 1 mon Bitcoin Aims for $50k Ahead of Low-Liquidity Holiday Season as Girls Who Code Refuse to “Miss Out” on Crypto FTM -9.06% Fantom / USD FTMUSD $ 2.04
-$0.19-9.06% Volume 1.93 b Change -$0.19 Open $2.04 Circulating 2.55 b Market Cap 5.2 b 3 w Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 4 w Bitcoin Is Back Above $51k and Ether $4,100 as The Cryptocurrency Market Goes Green 1 mon ETHBTC Hits New 2021 High, Dogecoin and Ethereum Price Leading Google Trends in 2021
Ethereum price has also been enjoying an uptrend, in part thanks to ETH being burned. So far, over 1.15 million ETH (worth about $4.5 bln) has been burned since the implementation of EIP 1559 in early August.
The growing amount of ETH, paid in fees, being burned has led to the cryptocurrency effectively becoming a deflationary asset.
While Ether might be keeping just above $4,000 in USD, against BTC, it seems ready to wreak some havoc due to Bitcoin being stuck around $50,000.
Ether is also just 11.6% away from its all-time high of $4,885, while Bitcoin is 28.6% off its $69,000 ATH.
Today, ETHBTC hit a new 2021 high at 0.0886. As of writing, it is around 0.0872.
Ether is looking better than Bitcoin in terms of the potential upward trend from here compared to the leading cryptocurrency.
“Btc, clear spot distribution into deriv longs, wiped, all poc underwater. Eth, giga cascade failed to even nuke the range, v rarely seen this type of strength before where giga nuke results in insta recovery into main level where volume happens, strong af indeed,” commented trader CL.
eth gonna just go to 5200 imo, this thing has such insane strength
— punk #14024 (@loomdart) December 8, 2021
This has the crypto community expecting a flippening sooner than later. While the latest sell-off came amidst the rising chanting of flippening, this time, it looks like the flippening will finally be a reality.
It is to be seen just how long this flipping will last as back in January 2018, after Bitcoin topped and altcoins started running higher, Ether did flip Bitcoin to be the number one cryptocurrency, but that didn’t last for long.