Degen ($DEGEN) Tops the List of Most-Searched Cryptocurrencies, But Secret Network ($SCRT) Surges 131%

Crypto analytics platform Phoenix has revealed the most-searched cryptocurrencies on CryptoRank over the past week.

Crypto analytics platform Phoenix has unveiled the most-searched cryptocurrencies on CryptoRank over the past week. The data provides insight into the coins garnering the most attention from traders and investors in the DeFi space.

The top three most-searched coins are Degen ($DEGEN), Portal ($PORTAL), and Moo Deng ($MOODENG). Other coins in the top 10 include Secret Network ($SCRT), Sender AI ($ASI), Mog AI ($MOG), Neiro on ETH ($NEIRO), Simon’s Cat ($CAT), Open Loot ($OL), and Turbo ($TURBO).

While these coins enjoyed high search interest, their price performance varied significantly.

Degen ($DEGEN), the most-searched coin, saw a 24% decrease in price over the last seven days. This decline highlights the varying factors that influence crypto prices, and it demonstrates that being a popular topic doesn’t always translate into strong price performance.

In contrast, Secret Network ($SCRT) saw a substantial increase of 131% during the same period. This increase showcases strong market momentum, which could be driven by growing interest in the project or favorable updates in its ecosystem.

These results showcase the diversity of investor focus in the crypto space, with attention shifting between speculative tokens and projects with a clear value proposition. However, the data also underscores the importance of researching the fundamentals of any coin rather than relying solely on popularity metrics.

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.