These days Bitcoin is also dominating the ranking of cointrends.live.
It is a real time updated ranking that shows the most popular cryptocurrencies at a given time.
In particular, its smart bot extracts from the thousands of cryptocurrents those few in which interest is particularly high.
The objective is to allow users to concentrate on cryptocurrencies that are having peaks of interest at a given moment.
The site analyzes the most searched coins and with greater interest on search engines, social media, via Google Trends, and other sites that offer similar data, as well as signals such as the dates of events linked to them.
In this way it constantly updates the ranking in real time so as to allow users to identify in time even minor currencies around which there is much interest.
For example, at the time of writing this article the site indicated Swapfolio (SWFL) as a token with the potential to increase its value by five times, with a daily decrease of 4.4%.
The fact is that the crypto market is constantly and rapidly changing, so it is useful to know which crypto currencies are at a given moment in time on which the greatest interest is focused.
The ranking of cointrends.live
That said, at the time this article was written, Bitcoin (BTC) was at the top of the charts.
The curious thing is not only that among the seven cryptocurrencies highlighted the only two of the first magnitude were Bitcoin and Ethereum, but that BTC was reported against a measly 0.93% increase in value.
That is, although often it is the significant variations of the price to drive the interest towards the Crypto Investor, in this case instead the reason was surely something else.
For example between the seven cryptocurrencies signaled there was also Ethereum (ETH), but to forehead of a daily decrease of the price of 1,91%.
Other tokens cited were YfDAI.finance (YF-DAI), +1.33%, and the same Swapfolio (SWFL), -4.47%, but also tokens with decidedly higher daily price excursions: Filecoin (FIL), with -7.51%, Curve DAO Token (CRV), with -10.39%, and UniLend Finance (UFT) with even -29.32% in a single day.
It must be said however that the site does not use the variations of price like parameter in order to select the cryptovalues with greater interest, but other data that however often turn out influenced just from the variations of the price.
Most likely it was so for UniLend Finance, while it certainly was not for Bitcoin.
In fact it is probable that the interest of these days towards Bitcoin is linked to news such as PayPal, or that of the Iranian Central Bank, which among other things does not seem to have had significant consequences on the price. Evidently, the interest in the king of cryptocurrencies now goes well beyond the interest in the daily variations in its value.