Secret

Portal

<p>Crypto analytics platform Phoenix has revealed the most-searched cryptocurrencies on CryptoRank over the past week. The data sheds light on the coins drawing the most attention from traders and investors in the <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">DeFi</a> space.</p><p>The top-searched 3 coins include Degen ($DEGEN), Portal ($PORTAL), and Moo Deng ($MOODENG). The rest of the coins include Secret Network ($SCRT), Sender AI ($ASI), Mog AI ($MOG), Neiro on ETH ($NEIRO), Simon’s Cat ($CAT), Open Loot ($OL), and Turbo ($TURBO). Despite high search interest, the price performance of these coins has been mixed.</p><h2 id="header-0">Mixed Fortunes for Top-Searched Coins: $DEGEN Drops While $SCRT Surges</h2><p>Degen ($DEGEN), the most-searched coin, is down 24% over the last seven days. This decline shows that being a popular topic does not necessarily translate into strong price performance, highlighting the speculative nature of the market.</p><p>On the other hand, <a href="https://scrt.network/" rel="noopener noreferrer nofollow">Secret Network ($SCRT)</a> has seen a remarkable rise of 131% during the same period. This increase reflects strong market momentum, which could be driven by growing interest in the project or favorable updates in its ecosystem.</p><h2 id="header-1">Investor Focus Highlights Contrasts Between Speculation and Fundamentals</h2><p>These results demonstrate the diversity of investor focus in the crypto space, ranging from speculative tokens like $DEGEN to projects with a clear value proposition like $SCRT. However, the data also underscores the importance of researching the fundamentals of any coin rather than relying solely on popularity metrics.</p><p>The disparity between search rankings and price trends serves as a reminder of the volatility of the crypto market and the need for caution when making investment decisions.</p>

$DEGEN Becomes Most-Searched Crypto of the Week, $PORTAL Follows Closely

Table of Contents

BlockchainReporter

Other articles published on Nov 24, 2024

Celo to Integrate Colombian Peso into Its Blockchain Ecosystem

Where to Play? The Best Crypto Casinos in the UAE for Bitcoin Gamblers

Winklevoss Pushes for Review of Bankman-Fried Charges

Cantor Fitzgerald to Acquire 5% Stake in Tether for Up to $600M: Report

Bitcoin, ETH & XRP Price Prediction: Key Levels To Watch This Week!

SHIB Price Prediction for November 24

Join our free newsletter for daily crypto updates!