Google Search Trends For NFT And Ethereum Reveal Dwindling Interest ⋆ ZyCrypto - BitcoinEthereumNews.com
NFT search volume on Google search engine was most impressive in January when it was at its peak ever but the excitement seems to have quelled by almost half as per todays figures. The same case applies to Ethereum on which most NFTs are crafted and traded. Ethereum search trend skyrocketed in January before dropping by 75 percent as of this quarter. While NFT trends are driven by Ethereum, both appear to be playing to the general cryptocurrency market climate which has not been so impressive this month. On-chain activity – including transaction volumes – appears to be depressed with the majority of traders anticipating a bear market or trading perpetual and general crypto futures. Bitcoin and cryptocurrency market capitalization has dropped from $2.25 trillion in January to the current $1.7 trillion. Although Google organic searches for NFT and Ethereum terms are not the main source of traffic for the related websites and platforms since the majority of people visit the platforms directly, the searches speak volumes as far as how many new users are joining the hype is concerned. The search statistics provide a clue that new capital inflows into NFT and Ethereum projects may generally be dwindling. NFT and Ethereum search