We first focus on the Bitcoin cryptocurrency and the trading volumes of Bitcoin as The Google. Subscribe to blockbuild weekly digest for updates. Bitcoin is the most popular crypto in Europe, while meme. In the coming years, more artists will utilize the non-fungible platforms as a lot of apps are in development to enable artists in the form of NFT personalities to perform virtual concerts.ĭon’t miss important articles during the week. Bitcoin, Ethereum Google Searches Plunged 83 Since 2021. Common examples include the rise of digital real-estate assets.įollowing the increase in game tokenization, there will be more use of NFT to develop advanced games for a rewarding system. Bitcoin volatility Cryptocurrency Google trends Media Public awareness. In 2022, metaverse projects will take more shape, thus non-fungible tokens will be deployed in diverse sectors. As per Google Trends interest in the term Bitcoin recorded a sharp Google Trends 2021: Dogecoin, IPO allotment status trend big this year. More and more community projects are now backed by NFTs, thus the increased popularity in non-fungible tokens over crypto in 2021. The data for this study are obtained from four sources: and line with some studies (Aalborg et al., Citation 2018 Ji et al., Citation 2019 Kjærland et al., Citation 2018 Yechen et al. Instagram and Facebook have already integrated it into their plans.Ĭurrently, people now prefer to purchase non-fungible digital arts over physical paintings. Modern digital spaces are now integrating NFTs. Just in 2021, NFT has realized over $10 billion ins sales.Īn increased interest in digital assets has resulted in the popularity of NFTs. Google GOOG +0.7 is revising its advertising policy to let cryptocurrency wallets advertise with them, along with exchanges, starting August 3rd provided. For instance, the sales generated from NFT in 2020 was $340 million. SOPA Images/LightRocket via Getty Images. First, we find a bidirectional relationship between Google Trends attention and Bitcoin returns up to six days. Even though it would seem impossible to isolate NFT from the crypto ecosystem, these trends indicate that non-fungible tokens are gaining more popularity than any average cryptocurrency.įor over 5 years now, NFTs have been running on global circulation, moving forward to 2021, they have amassed more popularity. Instead, Bitcoin is linked to a Google Trends attention measure specific for the cryptocurrency market. Data from Google Trends 2021 has shown that ‘NFT’ appeared in more search results than ‘Crypto’.
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