What gives credibility to the digital currency market and any other market is the way users look at it and their trust in it. In Iran, the behavior of cryptocurrency users is not much different from the rest of the world.
The research of the financial portal DollarGeek provides a rough perspective on the micro players of the cryptocurrency market. This portal has analyzed the cryptocurrencies that had the most Google searches in the world in 2022, according to which, Bitcoin, Dogecoin, Shiba, Ethereum, Cardano, Avalanche, Litecoin, Ripple, and SafeMon have the highest number of Google searches among currencies. digital have been assigned to themselves.
Although the total value of the cryptocurrency market fell by nearly 70% in 2022, Accenture’s report shows that retail interest in cryptocurrencies remains high despite the market crash in 2022. 28% of the respondents in this research stated that the reasons for their interest in buying digital currencies are investments for the future.
On the other hand, the Google Trends report shows that we have seen a decrease in searches for the phrase “buying digital currency” in 2022 in the world, but at the same time, 28 million and four hundred thousand monthly searches for Bitcoin were made in 2022, and the important thing is that This year, more people searched for “buy bitcoin” than “sell bitcoin” and this could indicate that most searchers were looking for buying bitcoin and an opportunity to enter the market.
As mentioned, Bitcoin, Dogecoin, Shiba, and Ethereum have the highest number of searches for digital currencies in the world in 2022, which indicates the desire of most users, at least micro users, for the mentioned cryptocurrencies.
The leadership of Dogecoin, Tether, Bitcoin, Ethereum and Shiba
Nobitex’s 2022 report also confirms the same thing with some differences. According to the report of this Iranian digital currency exchange, the interest of Iranians in investing in Dogecoin, Tether, Bitcoin, Ethereum, Shiba, and Cardano, respectively, has been more than other cryptocurrencies, and these digital currencies have had the largest share in their asset portfolio. This is while in the previous year, the desire of Iranians was to invest in Dogecoin, Ethereum, Bitcoin, Cardano and Shiba respectively.
Of course, the information in this section is obtained from the amount of assets kept in users’ Nobitex wallets and does not indicate the entire portfolio of investors; Because some users transfer their assets to personal wallets after buying cryptocurrency. But the amount of users’ assets in the platform wallet can be a result of the overall situation of users’ assets.
Another point in this report is the increase in interest of Iranians in Tether, which, considering the downward trend of the cryptocurrency market in 2022, may indicate that Iranian users are ready to buy cryptocurrency at suitable opportunities.
Although memecoins such as Dogecoin and Shiba Ino are among the cryptocurrencies that do not have a strong support and have been raised mostly through tweets and media actions, but reports show that these two are popular both in the world and in Iran.
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