Data from Google Trends has revealed that current Google searches for “Ethereum” has reached an all-time high.
The Google search interest for Ethereum rose to a great height during the last Ether (ETH) bull run. The last time Ethereum reached a peak in search term popularity was on January 13, 2018. That was also the date when ETH reached an all-time high of $1,432.88.
Many search terms related to crypto have not really gotten to their peaks despite the rise of the new bull market. Ethereum is actually an exception that is worthy of note. In the history of Ethereum, people are currently searching for the word more than ever before.
An Increase in Searches Shows High Interest in Ethereum
A rising interest score in Google Trends for a particular term is obviously related to a high interest from the public for that particular topic. The same goes for crypto: when there is a high search for a cryptocurrency, it shows that there is a positive sentiment towards that coin. This is historically considered as a “folk metric.”
The search interest for Ethereum on Google has reached a new all-time high but the same cannot be said for Google searches of “Bitcoin.” Since it got to its peak popularity on December 23, 2017, current searches of “Bitcoin” have remained at just 65% of that 2017 peak.
When there is an increase in popularity for different search terms in crypto, there could be an indefinite bull run because curious investors may decide to make a purchase. When there are more purchases, it will lead to an increase in price. The increase in price will, in turn, spark more interest, leading to a greater number of searches and potential purchases.
The data provided by Google Trends also shows the relative interest according to searches in different regions. As it stands, the highest interest in the search term “Ethereum” can be found in the following countries: Kosovo, North Macedonia, Slovenia, Nigeria, and China.
Besides, the following are some of the keywords that are related to current cryptocurrency interest, which are shown as a percentage of their peak interest, which was around late 2017 to early 2018: Ethereum (100%), Vitalik Buterin (56%), Ethereum Classic (87%), Bitcoin (65%), crypto trading (84%), DeFi (90%), XRP (42%), cryptocurrency (29%), and Satoshi (42%).
Over the last few weeks, most of these terms have been increasing in search frequency.
Before now, Toronto-based investment management firm 3iQ announced the listing of its The Ether Fund on the Toronto Stock Exchange. Notably, this listing followed the successful completion of an Initial Public Offering (IPO) by The Ether Fund.
As of the time of publication, Ethereum price was $1,036, with a 24-hour trading volume of $61,971,888,106. ETH price also went down 18.4% over the previous 24 hours. It has a circulating supply of 114 million ETH coins. Binance is also the current most active market trading ETH.
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