Crypto’s Search Volume Reaches New ATH on Google Trends
Cryptocurrency is trending to be the next big thing in the technology industry. Although many believe that crypto is the future, the reality is that its price has risen by 1000% in the last year. However, it has gained more followers in the past few weeks. According to Google Trends, the search volume for Cryptocurrency is at a new all-time high in the United States. The interest in Crypto has reached such a high point that the top 10 searched topics also include the Cryptocurrency, Bitcoin.
As the digital asset space gets more and more crowded, the search volume needs to grow by a multiple of 10 every month. Earlier this year, this number reached a new all-time high when crypto’s search volume reached a rate 10 times greater than previous years.
After a dramatic increase over the past week, the search volume of the term “Bitcoin” on Google Trends has reached the search term “Ath” (short for “All Time High”), which is a special term that is associated with the highest search volume of a particular term. ATH is more significant than when Bitcoin was at its previous all-time high.
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In Google Trends, cryptocurrency achieves its greatest level of search traffic. Due to changes in bitcoin value, search interest peaked throughout the week of May 9th to May 15th.
Google Trends released a study indicating that cryptocurrency has seen an increase in search volume in recent months and has reached its all-time high (ATH) in both the United States and across the globe. The word “cryptocurrency” has piqued consumers’ interest, since crypto is being used in a variety of real-world applications. Furthermore, audiences that are more interested in bitcoin and its trading platforms may start the searches.
Volume of Crypto Searches (Source: Google Trends)
Users are interested in the cryptocurrency market.
The fascinating trading activities of major cryptocurrencies such as Bitcoin and Ethereum have revealed a significant fact about the topic crypto. The cryptocurrency search traffic reveals a broader picture of consumers’ interest in the crypto sector. So, here are a few potential explanations for the surge in crypto interest:
Bitcoin: During the week of May 9-15, the price of bitcoin surpassed $50,000, and the volume of cryptocurrency searches hit an all-time high. In Google Trends, more than 65 percent of people looked for a combination of cryptocurrency and bitcoin.
Ethereum: In the same week, the price of ETH surpassed $4,300, causing a surge in interest among viewers. It’s also Ethereum’s bull run, as the cryptocurrency hits a new all-time high price. As a result, together with cryptocurrency terms, Ethereum has a significant search traffic.
Tesla CEO Elon Musk hosted an SNL night on May 8th to talk about the worth of dogecoin. Dogecoin’s search traffic was very high at the moment.
Furthermore, Ethereum miners made a profit of $128.04 million, surpassing the $61.6 million profit made by bitcoin miners. On the same day, May 15th, 2021, both of these events occurred. Aside from these two major cryptocurrencies, the trading features of other Altcoins have piqued the public’s curiosity in learning more about the crypto world.
As a result, we realize that consumers expect to work with new technologies and trends on a regular basis. When a new piece of news, a blog article, or a tweet appears on social media, for example, people are eager to learn more about it. As a result, the number of searches for any keywords or phrases in search engines rises.
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According to Google trends, the search volume for crypto (Bitcoin, Ethereum, other altcoins, etc…) on Google has reached a new all-time high. This is interesting because Google trends shows the relative search volume of a topic on a given search engine, and Google does not have a “Bitcoin” option. This means that the interest in the cryptocurrency is being measured through a range of other terms. One example is “BTC” which is the name of the actual cryptocurrency. It is interesting to note that Bitcoin is still the highest searched topic on Google when you look at the relative search volume.. Read more about crypto trending searches and let us know what you think.
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