XRP Trending in Google As Search Interest Skyrockets
The third-ranked cryptocurrency XRP’s Google search interest has surged high over the past few days. According to the data shared by Google Trends, the search interest for XRP has spiked to a level not seen since Dec 2017. The upcoming Spark Token Airdrop and Snapshot of the smart contracts platform Flare Networks is one of the key reasons behind this spike in the search interest of XRP.
Flare Networks’ Spark token airdrop is scheduled to occur next month. The snapshot of all of the XRP Ledger addresses participating in the airdrop will be taken on December 12. This airdrop will provide the holders of XRP an opportunity to claim free Spark tokens. This Flare Networks snapshot has triggered the interest of investors in the native digital currency of the blockchain payments firm Ripple. With Flare Networks’ airdrop in mind, investors have started purchasing XRP tokens as only the holders of XRP will be allowed to take part in this airdrop and claim free spark tokens. This is the one major reason which has caused an increase in the Google search interest of XRP.
However, this is not the only driving factor behind this spike in the search interest of XRP. The major digital currency’s recent potential rally has also attracted a large number of new investors and gained their attention. XRP recently recorded a two-year high value of around $0.76. This occurred as a result of the rising buying demand for XRP over the past few days. The buying demand may further escalate as the date of Flare Networks’ snapshot is coming closer.
At the beginning of this month, cryptocurrency analyst Timothy Peterson predicted that Ripple’s XRP is going to go high at a rapid pace and it will start its bullish movement very soon. Peterson said that the bullish rally of XRP will help the coin surpassing the world’s largest cryptocurrency by market cap Bitcoin in terms of gains by the next year.
XRP has already started its bullish run. At the moment, the third-largest cryptocurrency is outshining Bitcoin both in terms of daily as well as weekly gains. As per data from CoinMarketCap, XRP is up by more than 10 percent in the last 24 hours while trading at around $0.60, at the press time. It is also up by more than 41 percent over the past seven days. While on the other hand, the daily as well as weekly gains of Bitcoin are +4.76% and -3.64% respectively at the time of writing. XRP is also outshining the world’s second-largest cryptocurrency by market cap Ethereum (ETH) as well.
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