Ethium is more popular than Betquin according to another research conducted by the Indian Free Internet Association, Jana.
According to "Quartz", etherium accounted for 34.4% of the online research, compared with 29.9% for the biotech, after analyzing the search terms for the period from October last year to February this year. By the end of February, amid the tightening of regulation in India, relative attention to ethium had risen by twice as much as the interest in protein.
Of course, digital currencies have enjoyed enormous popularity in India over the past year, and at times Betquin has been trading at 30% price increases. This could be due to 2016, when the Reserve Bank of India removed high-value bills from circulation in a move that shook the entire state. The move outlined the value of a currency that is not controlled by the central authority - a principle known for the creation of the Pitcairn more than 10 years ago.
However, it has lessened the fame of the Bitquin in India. In addition to announcements by other central banks, including the United Kingdom and the United States, as the Central Bank of India began applying regulatory pressures to its national banks and local currency trading platforms. As a result, volumes on the most popular Bitcoin trading platforms were reported to have fallen 90%.
This collapse in volumes could indicate that traders in India are simply moving away from the central trading platforms. One of the strengths of digital currencies is the ability to trade them from person to person directly (on a peer-to-peer network). According to an analysis by CryptoCompare, two-thirds of Indian rupee transactions are now on "LocalBitcoins" - a direct online trading site that does not rely on a central trading platform to convert digital currencies into paper currencies.
The growing interest in etherium reflects a general trend towards digital asset diversification, which is the preferred currency to invest in ICOs. In a difficult market, traders are looking for such emerging companies to generate returns. According to Satvik Vishanath, co-founder and CEO of Unocoin, an Indian platform for the circulation of Betquin, as reported by "Quartz",:
"The market is extremely boring, because the regulation and taxation matters burdens people's minds".
The interest in etherium, discovered by "Jana", may reflect Sathive's feeling. The market has been experiencing a few difficult months. Atheterium's commitment to decentralized applications, as well as its ERC20-based initial currency support, provide a thrill to the Indian market as well as a more positive outlook in the falling market.