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Please note: Content is educational and should not be considered investment advice. What exactly is the increase in Google Trend search volume telling us?įollow on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Trading volume is easier to analyze and derive predictive information from. There also must be a buyer for every coin sold, so someone out there is buying at these prices. Increasing volume can also present when a trend is strengthening, so anything is still possible with the most profitable speculative asset in history. Related Reading | Why Bitcoin Production Cost Is A Very Likely Bottom The rise in volume indicates an unusually high amount of coins being exchanged. Compare Ethereum with other cryptocurrencies and see the latest news and insights. Explore the interest by time, region, and related topics. Trading volume tends to be the highest as investors capitulate and bottoms are in turn put in. Discover how popular Ethereum is around the world with Google Trends. In addition to search volume surging for the term “bitcoin,” trading volume has also seen the largest increase since mid-2021. They know it traded at these prices in the past, and seeing it here again is causing a great deal of fear in current investors.īut what if, in contrast to people searching in panic, the search volume is from opportunists who see this price level as a chance to get in at an area that was once viewed as “early?” Those who are worried are turning to search for “ bitcoin is dead” instead.ĭid lower prices make Bitcoin more interesting? | Source: BTCUSD on People now know what Bitcoin is, or have at least heard of it before.

Google Trends shows the highest interest over the past year | Source: Google Trends Crypto Market Plunge Pumps Up The Volume Rising search interest at that time made perfect sense. During that time, few knew what a cryptocurrency was while today the top cryptocurrency is a household name. 'Ethereum' on Google.The 2021 highs around $65,000 in April ranks in second place, and the 2017 rally the took Bitcoin price to $20,000 the first time was the highest ever recorded. Google Search Interest How often do people search for 'Bitcoin' vs. Node Count The number of public reachable nodes. (100% means Ethereum has flipped Bitcoin in that metric) Source: Coinmetrics Total Transaction Fees The total USD value of fees paid to make a transaction on the network. Trading Volume The adjusted exchange trading volume for BTC and ETH. With Token and Stablecoins transfers Ethereum is way above 100%. Note that it only compares ETH transfers with BTC transfers. Transactions Volume The total amount of USD that gets sent over the network. Ethereum was first described in a 2013 whitepaper by Vitalik Buterin.

ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. (100% means Ethereum has flipped Bitcoin in that metric) Source: Coinmetrics Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. Transaction Count The Transaction Count shows the relation of total onchain transactions that happen on the network. Cryptocurrency is a form of payment that can be exchanged online. Since ETH addresses tend to get used more than once while in Bitcoin it's good practice to use a different address for every transaction, the Bitcoin numbers are inflated and thus the metric disadvantages Ethereum. Cryptocurrency, such as bitcoin, let you buy goods and services, or trade them for profit. This is extremely impressive given the disparity between the number of dApps available 400 vs Ethereum’s 2,840. Active Addresses Active Addresses are the number of unique addresses that send or receive a transaction in a given week. True to the forecast, the interest over time metric on Google Trends shows that Solana managed to surpass Ethereum twice during the last week once on September 7 and again on September 9 (yesterday). Google Search Interest How often do people search for Bitcoin vs.

Ethereum google trends