Bitcoin, Ethereum Face Mass Exodus — Will XRP And Dogecoin Follow Suit?
Portfolio Pulse from Murtuza Merchant
A study by Cryptogambling.tv using Google Trends data reveals that Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that Americans are most interested in selling. The study considered the 24 largest cryptocurrencies by market cap. The highest number of searches for 'sell bitcoin' occurred at the end of July, both in the U.S. and globally, due to the current financial and economic strain. Ethereum's highest 'sell' searches occurred in September worldwide. Ripple (XRP) and Dogecoin (DOGE) rank third and fourth respectively, while Shiba Inu (SHIB) rounds out the top five.
July 31, 2023 | 5:28 pm
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NEGATIVE IMPACT
Bitcoin is the cryptocurrency that Americans are most interested in selling, according to a study by Cryptogambling.tv.
The study shows a high interest in selling Bitcoin among Americans, which could lead to an increase in supply and potential downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin is the fourth cryptocurrency Americans are most interested in selling.
The study shows a high interest in selling Dogecoin among Americans, which could lead to an increase in supply and potential downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Ethereum is the second cryptocurrency that Americans are most interested in selling, according to the study.
The study indicates a high interest in selling Ethereum among Americans, which could lead to an increase in supply and potential downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Shiba Inu rounds out the top five cryptocurrencies that Americans are looking to sell.
The study shows a high interest in selling Shiba Inu among Americans, which could lead to an increase in supply and potential downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 60
NEGATIVE IMPACT
Ripple ranks third on the list of cryptocurrencies Americans want to sell the most.
The study shows a high interest in selling Ripple among Americans, which could lead to an increase in supply and potential downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80