This much is a given when you look at how the cryptocurrency experienced dramatic and unpredictable price run-ups and painful crashes in its decade-long history. Our results confirm those found in the previous works, based on a different. 6 Current Bitcoin Trends: 2021/2022 Data, Statistics, & Predictions written by Arthur Zuckerman Investing in Bitcoin remains a risky business. NFTs are a good way for brands to share new and exclusive content, according to 24% of women. Google Trends could be seen as a kind of predictor, because of its high cross correlation value with a zero lag. At least 26% of women believe that NFTs can be a profitable investment, and 25% see it as a way to gain exclusivity and support independent artists. In August 2020, Google Trends returned a search value of 100 and 17 for Covid-19 and Bitcoin respectively. While these figures are exciting, it is also worth noting that women account for only 15% of all conversations in India, according to Twitter. Recently, there was a report that said at least 75 million tweets on non-fungible tokens (NFTs) were sent out globally in 2021, and the NFT conversation in India alone increased by 3000% between January 2021 and January 2022. Other countries that also searched NFT include Canada, Hong Kong, the Philippines, and China.Īlthough the sales of NFT have grown much, the drop in the search of the same according to the data of Google Trends tells another story. Singapore also holds the spot for searching the term NFT as well. Bitcoin is above 40,000, after starting the new year below 30,000, and less than one year ago trading at under 4,000. In Turkey, China, and Singapore, Metaverse was the most searched term, according to Google Trends. Similarly, there was a dip in the metaverse score as well - from 88 scores in January 2022 to 32 in March 2022. Feb 26, 2023,08:15am EST Crypto Now Primed For A Massive Fed Bombshell That Could Play Havoc With The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana Forbes Forbes. On the other hand, if interest fails to light up going forward, then Bitcoin’s price could drop back down instead.īTC's price shoots up | Source: BTCUSD on TradingView Featured image from, charts from TradingView.While NFT had a 100 score on Google Trends during January 2022, it plunged to 42 scores during March 2022. Correlation between Bitcoin Price and Google Trend Score Let’s start with the correlation algorithm to investigate the correlation between the two metrics. It’s likely that the Google trends chart would change soon if BTC keeps proceeding like this, and all the fresh money that will come in then could take it to new heights. As a lack of new interest would also imply a lack of fresh money dropping into the crypto. It also means that this surge in the price of Bitcoin is mostly driven by old money. GitHub Primeras páginas a visitar Investigar proyectos DeFi Cómo enterarte de los próximos proyectos. YouTube y Google Trends Reddit Twitter Discord Telegram Blogs y medios colaborativos Por dónde empezar. Related Reading | Miners Transfer A Never-Before-Seen Amount Of Bitcoin To Exchanges 16 lecciones ¡Gratis Ver todos los cursos. The recent rally where BTC crossed $55k for the first time in five months hasn’t been enough of a spark to reignite general popularity in the coin. In the paper, we connect two phenomena of the latest years-digital currencies, namely BitCoin, and search queries on Google Trends and Wikipedia-and study. What Do These Trends Mean?Īn important thing that these Google trends show is that there is a relative lack of new interest in Bitcoin right now. It’s down around 1.2 in the past 7 days, while compared to last month, its value is down almost 7. At the time of writing, BTC is trading around 33.6k. The US is ranked all the way down to 23rd right now. However, the high price itself couldn’t be predicted using Google Trends. Unsurprisingly, El Salvador is top of the list as the nation recently adopted the cryptocurrency as legal tender. Download and play with key datasets from Google Trends, curated by the Trends Data Team at Google team. The top five regions for the search term Bitcoin | Source: Google Trends Here is some more interesting data, this time the popularity has been filtered by region instead of by time: On taking a closer look at the chart, it becomes apparent that Bitcoin had peak interest for the period on 16 May. Feb and Jan also saw popularities not very far from it as both had interest values over 80.īut the current value according to Google is just around 31, lower than at the start of September.
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