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Spanish Words & Phrases, .com Value

SpaceshipSpaceship
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Can anyone tell me what the current demand for Spanish .com domain names is? It seems to be nowhere near the English equivalents.

SALVALO.com - which is "save it" - is currently at auction on Sedo.

Is it more preferred to have a .mx, .es, etc. ccTLD for names like this? Is the Spanish-speaking Internet audience just not as developed? Or has the whole world resigned to the fact that websites and web services will almost always be in English first.
 
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