Cryptocurrency News & Updates

NFT Sensationally Smashes Crypto and Bitcoin in Google Search


The search for non-fungible tokens is burning across the globe. Are we too early? What about Bitcoin?

The enthusiasm surrounding the non-fungible tokens (NFTs) is one of the most interesting developments in crypto for 2021. As per Google Trends which is a service which tracks the most searched-for combination of keywords Google users are using to search on, “crypto” is not the most searched-for keyword on Web3 in the past.

The popularity of NFT in Google search hits new highs

According to data shared through Google Trends, in mid-December 2021, for the first time in history, NFTs surpassed crypto by amount of searches in Google for users in the U.S.

In the first quarter of 2021’s early Q1, NFT indicators were close to exceeding “crypto” at the beginning of the year for the first time. Additionally, it should be noted it was in the month of May that “crypto” had three times the popularity of it is today.

In general, an increase on Google Trends refers to fresh retail interest, particularly from beginners to crypto. For the major altcoins, records Google Trends numbers coincide with the price ATHs.

This isn’t the case with canine tokens. As of the month of November Shiba Inu Coin was three times more well-liked than it was at the time it hit its record-breaking high.

What is the next step? Bitcoin (BTC) the next thing?

In some areas that are well-known for their high levels of cryptocurrency use (CIS, Africa, Asia Pacific), NFTs have already outpaced Bitcoin the king of crypto according to Google Trends.

In Russia, NFTs became more well-known than crypto just three months ago. In the last week, the number of people searching for Bitcoin (BTC) is also crushed by a new trend.

In Ukraine Similar “flippening” was observed in the beginning of November. However there is Nigeria the momentum of the NFT popularity isn’t yet fully established in both Bitcoin and Crypto. are more popular in Nigeria.


Source link