Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
It seems that cryptocurrencies have been swimming in troubled waters since the beginning of 2018. Among the tools used to analyze how well cryptocurrencies are doing, Google Trends is one of the most prominent. And, according to their analysis, searches related to cryptocurrencies such as Bitcoin and Ethereum have dropped by about 75%.
Since December of 2017 Bitcoin has been showing signs of weakness. The data, collected by Google Trends, shows that, after spiking in December, searches related to Bitcoin have dropped back down to where they were in October and November of last year.
Another notable fact is that the countries that are interested in Bitcoin have changed since the beginning of the year. As of October of 2017, South Africa had been at the top of the list of countries who were showing the most interest in cryptocurrency, followed by Ghana (8th), Nigeria (15th), Morocco and Rwanda. Today, it is Ghana, Rwanda and Egypt that are showing the most interest from Africa. Also, it should be noted that countries with developing economies are the ones who make up the bulk of countries showing interest in Bitcoin.
However, the rise in search volume from developing countries has not translated into a rise in the price of Bitcoin. This can be seen by the fact that transaction volume has dropped by 150,000 per day on average, which is about where it was two years ago.
As for Ethereum, it seems to be on the same slippery slope as Bitcoin and only since the beginning of 2018 have things started to look better. However, since cryptocurrency markets have now been shaken by another crisis, searches related to Ethereum have dropped.
Google Trends has place France in 12th place and the United States as 40th, which seems to be where they were back in November 2017. The value of a single unit of Ether has also followed this same tendency and according to the analysis, the correlation between the decline in search volume and the drop in value is one to one.
There has also been a decline over the last 2 or 3 months in other activities related to cryptocurrency such as user comments about Bitcoin and Ethereum. The transaction volume of Ethereum has also dropped to 730,000 as of February 24th, which is the same volume as in December 2017. However, these trends are quite understandable when we consider how exuberant 2017 was for cryptocurrencies and the recent decline in interest might just be the calm the after the storm.
For example, Ether could close the month at the same value as it started out at; somewhere between $800 and $850. And, this would show that this value is stable, no longer volatile and could be a show of its reserved value.
As the cryptocurrency market has evolved, one asset class stands out for its ability to bridge the gap between the stability...
14 hours ago | Kim Sorgson
How Stablecoins Work
14 hours ago | Kim Sorgson
Cryptocurrency investments have become a common strategy for diversifying assets, but managing these assets comes with its own...
18 hours ago | Kim Sorgson
Crypto Cards and Payment Gateways: Spending Directly from Your Crypto Wallet
18 hours ago | Kim Sorgson
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
Trending
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Did You Know? Bitcoin ATMs Are Popping Up All Over the World!
17 hours ago | Kim Sorgson
Did You Know That You Can Buy Real Estate Entirely with Crypto?
17 hours ago | Kim Sorgson
10 Surprising Facts About the Finance and Crypto World That Will Change How You Think About Money
17 hours ago | Kim Sorgson
Keeping Your Crypto Out of the Bank: Smart Alternatives to Avoid High Taxes
18 hours ago | Kim Sorgson
Tezos (XTZ) Review 2024: Everything You Need to Know Before Buying Tezos
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; backgrou...
Chromia (CHR) Review 2024: Everything You Need to Know Before Buying Chromia
Illuvium (ILV) Review 2024: Everything You Need to Know Before Buying Illuvium
My Neighbor Alice (ALICE) Review 2024: Everything You Need to Know Before Buying My Neighbor Alice
Star Atlas (ATLAS) Review 2024: Everything You Need to Know Before Buying Star Atlas
OQtima
Oqtima is an emerging online trading platform that offers a wide range of financial instruments, inc...
Saxo
Saxo Bank is a leading global online broker offering a wide range of financial instruments, includin...
FXCC
FXCC (FX Central Clearing Ltd) is a well-established forex and CFD broker known for offering a trans...
Quadcode Markets
Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo...
Trading 212
Trading 212 is a popular online broker offering a range of financial products including stocks, ETFs...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Google Trends: Declining Interest in Bitcoin and Ethereum
It seems that cryptocurrencies have been swimming in troubled waters since the beginning of...
LBCOIN - Lithuania Central Bank Officially Digital Coin
Anyone who thought cryptocurrency was a temporary invention should think again. After some time...
Bitcoin Copping with The Pandemic
The coronavirus pandemic has been massive in the world. Almost all sectors have stagnated. After...
The Future of Digital Currencies: Will Crypto Replace National Currencies in the West?
.article-container...
Report Suggests Women in Crypto is on the Rise
Traditionally, the cryptocurrency and blockchain industry has been viewed as a male dominated...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)