EXCITING TIMES BITCOIN AND ETHEREUM HOLDERS WILL BE REWARDED
Explosive interest in Ethereum and … Etherium is noted in Google
Google query statistics reflect explosive interest in Ethereum.
One of the main drivers of this growth could be the launch of ETH 2.0.
The number of requests with the wording “Etherium” has also increased sharply.
Google has seen an explosive growth in the number of searches with the wording “Ethereum”. This request is often misspelled. What does this potentially mean?
According to the statistics of the analytical service Google Trends, there has been a parabolic growth in the number of requests on the topic of Ethereum recently on the Internet..
Bitcoin has been actively attracting attention with its bull run to all-time highs. However, another star of the crypto market, Ethereum, the main altcoin that has been slowly rising in the background throughout this year, has not escaped the attention of investors. It looks like it’s gotten too big to ignore, and Google statistics clearly demonstrate this..
Worldwide Google searches for Ethereum are going parabolic. pic.twitter.com/ZFTel6ItT3
– Cole Kennelly ⬙ (@ColeGotTweets) December 2, 2020
The Ethereum ecosystem is thriving
The year 2020 was generally successful for the entire cryptocurrency market, but Ethereum also has a whole list of personal merits that helped determine such an exponential increase in search queries..
One of them is the growth of the cryptocurrency rate. If you look at the ETH chart over the past 12 months, you can see that the price has been steadily strengthening throughout the year, having increased its value more than 4 times..
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In addition, the editorial staff of BeInCrypto has already talked about the whole list more than once. fundamental factors, promising bullish prospects for the Ethereum blockchain. So, in many respects the prosperity of Ethereum was helped by the boom of the decentralized finance (DeFi) industry, which unfolded mainly on this blockchain..
Add to this an active influx of institutional investors who, with their big names, also helped bring Ethereum into the mainstream. Just the day before, we reported that payment giant Visa added for their clients support for USDC stablecoin based on the Ethereum network.
The main event of the year for the Ethereum ecosystem was the long-awaited launch on December 1 of the zero phase of the updated Ethereum 2.0 protocol – the Beaconchain network. The developers of the project, including its co-founder Vitalik Buterin, have been working on this update for several years. It was supposed to solve the existing problems of speed and scalability of the network by switching it to a consensus algorithm. Proof-of-Stake (PoS).
Read also: The first block has been mined on the Ethereum 2.0 network. We tell you why it is important
As you hear it, so it is written
All of the above factors easily explain the explosive growth of interest in finding Ethereum on the Internet. At the same time, one more interesting fact attracts attention. The current breakthrough in mass adoption of both Ethereum and the entire digital industry as a whole has attracted many absolute newcomers to the crypto space..
One Twitter user @iamDCinvestor noted that Google Trends has search statistics for both Ethereum and Etherium. As DCinvestor emphasized, it was these newbies, who misspelled the word “Ethereum”, that caused the parabolic growth of the search query rate..
This can only say about one thing: people who previously knew about it by hearsay in the most literal sense of the word and could not even spell its name correctly began to become interested in the blockchain network. Now they are looking for information about this phenomenon..
Now the most important point will be whether Ethereum will be able to retain interest in itself, or whether this flash of attention will be short-term and due to the current growth of cryptocurrency rates.
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