According to a report released today by market analysis site Invezz.com, Ethereum is the most sought-after crypto in the US. At the beginning of the month, on May 12, ETH reached a record price of more than $4,300 and it is perhaps this all-time high that has contributed to the interest in Ethereum in the US, where there have been 1,116,000 online searches per month.
Jayson Derrick of Invezz explained:
“Ether exploded in value over the past year and likely generated life-changing returns for early investors who truly understood the concept from day one. These days we are noticing high levels of interest from wealthier investors (i.e. those with at least $1 million in assets) who want exposure to cryptocurrencies.”
Ethereum and searches outside the US
The other countries where the most searches have been carried out are Germany (736,300), Turkey (408,500), Brazil (259,600) and France (247,100).
Italy is in 13th place in this ranking with 71,800 searches, while Switzerland is in 12th place with 93,700 clicks.
Ethereum vs Dogecoin
In the Invezz report, it is stressed that wealthier investors tend to be cautious and in fact decide to invest in Ethereum and not in meme coins such as Dogecoin.
“Investors tend to be more cautious in how they manage their life savings: they own physical gold bars and have taken advantage of IBM’s dividend reinvestment program for decades. These investors tend to be more sophisticated and will pay for professional investment advice to maximize their return. They are not interested in “meme” cryptos like Dogecoin. Rather, they are interested in Ethereum and other large-scale coins because of their real life use. Investors can see Ethereum DeFi projects playing out in real-time. Those who believed in the 2010s that Ether and Bitcoin were a “fad” are quickly changing their thought process and looking to invest now. By 2030 the world of finance will likely not at all resemble what it looks like today and this is apparent to anyone paying even minimal attention. The extent that Ethereum will play in terms of financial transactions and smart contracts will be exponentially higher over the coming years. This implies that the era of cryptocurrencies is still in its very early stages. Buying Ethereum at current levels, even close to the all-time high of $4,000, makes sense for investors with a long-term timeframe. A reasonable amount of exposure to Ethereum as part of a well-diversified portfolio across multiple asset classes is certainly a logical investment strategy and one that would be hard to argue against”.