Wikipedia traffic suggests crypto market cap has no correlation to public interest

27 Jan, 2019 | Updated: 27 Jan, 2019
by Richard Allen
News
Wikipedia traffic suggests crypto market cap has no correlation to public interest

Page views from one of the Internet’s most visited websites, Wikipedia has suggested that cryptocurrency market caps aren’t necessarily related to the public’s interest. This means that some may view certain currencies as being overvalued, while others may be undervalued, CryptoGlobe reports.

Data published from data analytics firm DataLights has revealed that the cryptocurrency that has seen the most page views on Wikipedia is Bitcoin. Between December 24 and January 24, the page was visited more than 292,000 times a day.

Ethereum came in second with 46,000 views a day. Brave’s Basic Attention token came in third with 27,000 followed by XRP with 21,500, Bitcoin Cash with 19,700, and finally XMR with 17,200. Dogecoin and Litecoin came up next with 15,900 and 11,400 respectively.

The order of pageviews differs from that of the list of cryptocurrencies ranked in terms of their market cap.

While one possibility is that some cryptocurrencies could be overbought or undersold, DataLight suggests that it’s more likely Wikipedia readers are more interested “in rather old and well-known coins.”

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