The top trending cryptocurrency search terms today are ‘BICO crypto’ (Biconomy), ‘Battle Infinity’, and ‘MDT crypto’ (Measurable Data Token).
That’s according to United Kingdom Google trends data over the past week. That search data also shows a tentative interest in a potential crypto recovery. Earlier this week Bitcoin spiked to an intraweek high of $24,275 on Binance – explaining the ‘why is crypto going up today’ search term trending (increasing in volume by 700%).
Search trend volume is up 300% in the UK for each of these crypto assets – BICO, IBAT and MDT.
Battle Infinity (IBAT) is a currently active presale with their development team based in the UK. Search interest tends to be high for new crypto presales which may explain why Battle Infinity is trending even prior to its launch and its first crypto exchange listings.
"Investors have hit the soft cap on the IBAT presale and raised over $600,000 a little over a week into its 90-day presale."
Another IBAT defenitely worth reading: https://t.co/3At8S0JRFv
— IBAT – Battle Infinity (@IBATOFFICIAL) July 23, 2022
The IBAT presale also passed its soft cap early and has already sold out 20% of the presale allocation for its native utility token IBAT. This week Business2Community interviewed Suresh Joshi, the project lead about this upcoming NFT-based metaverse game.
As early as the first 72 hours of its presale Battle Infinity was trending in India, as many of its core developers are Indian, and continues to trend there. With fears of an India crypto ban now over for their 1.38 billion strong population – a new income tax for cryptocurrency was implemented instead – that’s a large potential base of buyers.
Biconomy (BICO) is up over 8% in the past 24 hours – pumping even higher in price earlier today to around $0.70 despite Bitcoin being slightly in the red on the day.
Biconomy was listed on eToro on May 31st which features a list of the biggest crypto gainers and trending daily movers on its news feed, which may have led to some increased search interest.
Web3 crypto project Biconomy has also now broken into the top 200 cryptos by market capitalization on CoinMarketCap after today’s move.
With BICO breaking out of the downward resistance channel, its price action has been compared to BarnBridge (BOND). ‘BarnBridge crypto’ is another top trending cryptocurrency term – currently the #9 crypto related search query in the UK.
$BICO is Breaking out
Price Action Looks Similar to $BOND ✍️ #Crypto pic.twitter.com/UTIwLq2H5m
— cryptomm (@crypto__mm) July 23, 2022
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
Earlier today Measurable Data Token (MDT) spiked as high as $0.054 before a slight retrace, still up over 30% in the past 24 hours.
That kind of pump alone would lead to MDT crypto trending in Google search, as investors look for information on this lesser-known low market cap altcoin ($29.4 million).
However the main reason is Chain today announcing its acquisition of Measurable Data Token for $100 million. Major news, roadmap updates, token upgrades or any fundamental analysis (FA) developments can lead to cryptos trending and going viral.
MDT is listed on Binance where it is one of the top crypto gainers today and that visibility will also have helped it become one of the most trending cryptocurrency assets.
While some analysts see this move to the upside as a bear market rally, the crypto markets are signalling at least a short term recovery. Some traders speculate this relief rally could see further continuation to the upside, with BTC hitting the $28,000 – $30,000 area, even if as a bearish retest.
Many of the best crypto traders are bullish long term, seeing the bottom as close – even if it is not in yet, such as BigCheds who is predicting a move to $12k followed by new highs of $100k.
‘Why is crypto going up today’ being the top trending cryptocurrency term sounds like disbelief – those familiar with the Wall Street cheat sheet chart will know the disbelief phase in a market cycle tends to precede the start of a new bull run.
The total crypto market cap has broken out back above $1 trillion, although it was rejected at the EMA 200 ($1.07 trillion, in orange) on the weekly chart, now consolidating between that and the 200 SMA (simple moving average, in green) of $861 billion.
The total crypto market cap bounced exactly at the 2018 all time high of $761 billion – despite Bitcoin and Ethereum trading below their 2018 ATH for days – marked above in blue. The CRYPTOCAP:TOTAL chart above can be found on TradingView.com.
While BTC traded as low as $17,600 in June and ETH as low as $881, altcoins held their value better, explaining the total crypto market cap holding at and above the 2018 ATH. One explanation for that at the time from top Twitter traders was that retail investors had already capitulated on altcoins.
Interest in altcoins is now slowly returning however, with over a dozen altcoins currently up double digit percentages today on Binance.
According to Ahrefs data ‘crypto’ itself is typed in Google 343,000 times a month and that search activity is steadily trending upwards over time.
Some of the other most trending cryptocurrency terms today are ‘My Bricks crypto’ in #6 – referring to MyBricks ($BRICKS) – and ‘SNX crypto’ in #8, which is Synthetix.
Rounding out the ten top trending cryptocurrency search queries is ‘Tectonic crypto’ (TONIC), up 22% in the past 24 hours with no market cap data tracked on CMC – bear in mind some trending cryptocurrencies can be scams, as we saw earlier this year with Bitsubishi which was trending for several weeks on Google trends and one of the top trending crypto coins on CMC.
Battle Infinity – Best Crypto Presale 2022
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This article was written for Business 2 Community by Michael Abetz.
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Michael has had a keen interest in investing in cryptocurrency and trading since the 2017 bull run, and is now a freelance writer producing educational material on decentralized finance topics online. Originally from Germany, Michael attended Kings College London to complete a course in Mechanical Engineering. Around the time of the… View full profile ›
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