With all the problems that currently dominate our everyday life, the portfolio can come to the back of our minds – especially when Bitcoin is in a yawning sideways phase.
This development is currently also reflected in the data from Google Trends. Interest in the key cryptocurrency seems to be falling further and reached a new low for the year last week.
With a current search value of 25, the mother of all cryptocurrencies is only a quarter as popular as it was at the peak in June of this year.
In El Salvador, searches for bitcoin make up the largest portion of all searches. Nigeria is in second place, bronze goes to the Netherlands.
Germany only reaches 11th place in the ranking.
Web3: The opposite trend
While Bitcoin isn’t causing much amazement at the moment, it is opposite trend recognizable with the search term Web3.
The term currently has a search value of 90 and thus achieved the second best value of the year – and the trend is rising.
The search term seems to be the most popular in China, with a score of 100 in China. Singapore is a long way behind in second place (22), while Nigeria is also in third place (20). Germany is in 55th place with a value of 3.
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methodology
Google Trends data generally describes the relative search interest of a given term compared to the highest search interest for the term over a given time period and region. The value 100 describes the highest popularity of the term.
Search values are therefore not to be equated with absolute numbers. In this case, that means just because the relative popularity of the term Web3 is nearly four times the Bitcoin search value doesn’t mean more people are searching for Web3.
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