Given the similarities this time around, retail investors may need to see BTC to break its former high price point before the cryptocurrency is back on their radar. There is a lot more to the cryptocurrency industry than just Bitcoin. It continued to increase throughout the year with the Google Trends all-time high occurring the same week as Bitcoin price topped close to $20,000. This coincided with the surpassing of the then-all-time high of around $1,125. According to Google Trends, a service that tracks the most popular combinations Google users are searching for ‘NFT’ more than everand crypto is not the most popular search on Google’s search engine anymore. Let's summarise, and see that Google search statistics: According to research, Google processes approx.
#GOOGLE TRENDS CRYPTO FREE#
Google interest in Bitcoin during the last bull market started really increasing in March/April, 2017. Google trends is a free tool by Google that will help you analyze what people (around all countries or in a specific country) are searching daily. Google searches for Bitcoin remained largely flat during 2016. Another cause may be the fact that Bitcoin (BTC) price remains below its all-time high. Ongoing civil unrest around the world may explain the lack of public interest.
It too coincided with the increasing prices. Google Trends data shows that the number of searches for terms like Bitcoin, Ethereum, and crypto is much lower than it was in late-2017. Like in 2019, there was a spike of interest. A similar sideways trend can be seen in searches from 2016.
Search results are normalized to the time and location of a query by the following process: Each data point is divided. What I don’t understand is where the second spike comes from. Supercharge Google Trends with powerful Glimpse data, including related trends, seasonality detection, channel breakdown, longtail keywords, topic map. Google Trends normalizes search data to make comparisons between terms easier. I thought it would be interesting to look up some search terms for some of my crypto coins. Bitcoin’s dominance in this segment cannot be underestimated nor ignored. Based on the search criteria you provide, Google also returns related queries you can use in your keyword research. However, Google is the go-to place to search information for people. Google Trends is not an indicator of how popular different projects and assets are.
The app is simple: it displays 3 graphs, first todays trends by search volume over the past 30 days. Source: Google Trends Will it Take a New Bitcoin All-Time High to Attract Main Street?Īpart from a spike of interest during last summer’s run towards $14,000, Google interest in Bitcoin has remained reasonably constant since the 2017 top. Ethereum, XRP, and Litecoin all note roughly the same amount of searches compared to Bitcoin. Google trends crypto website (MyBlackSwan v0.3). Sponsored ‘DeFi’ search volume is much lower than other cryptocurrency terms.
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