Is this a sign of a declining Bitcoin interest? In data released by Google Trends, it revealed that searches for “Bitcoin” have consistently decreased in the last 9 months.
Google Trends is an advanced tool that can accurately monitor the frequency of Google users’ search topics. And many industries are using this to gain reliable and data-backed information about the current trends and what people are currently interested in.
The cryptocurrency industry is not an exception. Crypto exchanges and other crypto-related companies are also monitoring the latest preferences of people all over the world when it comes to crypto.
Lack of hype?
@BTC Archive, a market analyst and a commentator, tweeted Google Trends’ data about the declining search of “Bitcoin” all over the world. This is quite surprising since Bitcoin is again making big waves as it recently reached an astounding $50,000 level.
Many analysts point to the recent lack of hype on Bitcoin, resulting in the low interest of people in searching about it.
According to Google Trends, the average search for Bitcoin was 100 last December 2017. But today, it was monitored that people only had an average of 25 searches weekly about the crypto.
Cardano’s rise
While Bitcoin search is declining, Google Trends also found that Cardano coin has been getting increased searches recently. In fact, Cardano searches aren’t just slowly inching up but rapidly rising, which is a reflection of consumers’ growing interest in it.
This clearly shows that while Bitcoin isn’t being rejected or being abandoned completely by people, crypto enthusiasts are also looking for coins with the highest potential to achieve Bitcoin’s success.
But even though netizens might be having a declining interest in Bitcoin in cyberspace, it is performing really well in the real world, which is certainly more important than cyber popularity.
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