Despite last weekend’s most unexpected crash, it is clear that digital currencies will continue to exist once the crypto market resumes its bullish pace. It is surprising, however, that the list recently published by Google Trends found that Ethereum and Dogecoin are worth more news than the number one cryptocurrency, Bitcoin.
Ethereum Price and Dogecoin Tops Other Crypto on 2021 Google Trends
According to the world’s most searched news list from Google Trends, “Dogecoin” and “Ethereum Price” are firmly in the top ten.
Image source: Google Trends
Last weekend, in the most unexpected crash of the cryptocurrency market, the decentralized industry posted the highest balance sheet record in the last 15 months, liquidating leveraged positions worth more than $2.5 billion in just 24 hours. In addition, its market value fell nearly 20% and the loss exceeded $500 billion. However, the crypto sector is back on track after the flash sale. Although well-known players like El Salvador bought more Bitcoin, the price of Ethereum slightly exceeded the $4,000 mark, and Bitcoin continued to work hard to break the $50,000 mark.
Ethereum L2 scaling solution
As Ethereum’s upcoming L2 scenario heats up, the ultimate altcoin is getting more and more attention. According to Ethereum founder Vitalik Buterin, the Layer 2 scaling solution in the Ethereum network will completely transform the crypto space by promoting the most secure and sustainable way to expand Ethereum while maintaining decentralization.
In early October this year, Buterin gave a speech at Shanghai International Blockchain Week 2021, claiming that Ethers L2 will solve the scalability problem. He pointed out that with the ongoing boom in Non-fungible Tokens (NFT) and the rapid growth of Decentralized Finance (DeFi) on the Ethereum network, mainstream blockchains are too crowded, leading to problems such as high transaction costs. However, he suggested moving the blockchain and NFT to L2 to solve the scalability and high gas cost issues.