Interest in Ethereum Surpasses Bitcoin as Google Searches for ETH Hits ATH
Godfrey Benjamin Jan 08, 2021 08:54
The interests in Ethereum has hit a new milestone as Google searches for the second-largest cryptocurrency by market capitalization has hit a new ATH record.
Interest in Ethereum has hit a new milestone as Google searches for the second-largest cryptocurrency by market capitalization has hit a new all-time high record. According to the Google search result showing the “Interests Over Time,” Ethereum searches have hit the 100% beating the January 2018 record of 81%.
The Google Search all-time high for Ethereum comes following the growing gains the coin has amassed on its way to beat its all-time high price above $1,400. While the 100% Google Search mark shows how much popularity Ethereum is gaining, the figure has shown how much interest people have in the coin in place of Bitcoin (BTC), the coin whose growth has impacted on the other coins in the cryptosphere.
The google trend for Bitcoin is short of its ATH of 100% set in December 2017, the point where Bitcoin hit its first significant all-time high. The trend result now is 62% against that of Ethereum at 100%
Mainstream Media Coverage Not Impacting Bitcoin’s Google Searches
Bitcoin has seen a significant uptick in mainstream media coverage in the past month following its meteoric rise to a new all-time high at $40,000 for the first time in its 12 year history. The activities that resulted in Bitcoin reaching this milestone which includes the pumping of cash by Institutional investors have consistently made headlines putting BTC at the forefront of investors’ interests.
Despite this reality, however, new interests in BTC as depicted by the Google trend searches still paled behind that of Ethereum. This can be attributed to the fact that Bitcoin is redefining the concept of “Overbought” and investors are seeking alternatives and solace in the next best coin.
Search trend figures are not a permanent indicator of any crypto coin’s popularity at any point in time as the indicator can flip at any point in time in the presence of positive hype about the respective cryptocurrency
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