Search Results for: Google Trends

The ERC-20 token, BTC20, is exceeding both Pepe coin and Bitcoin in popularity and has gathered over $3.4 million in presale in just nine days. Offering potential yields up to 520%, it attracts investors with the concept of owning bitcoin on the Ethereum blockchain at bitcoin’s original 2011 price with added environmental benefits.

Fetch.ai’s token FET has seen a 10% price surge within a week, exceeding its 20, 50, and 100-day exponential moving averages. The RSI and MACD histogram indicators suggest the market is less overbought and we might witness a continued upward trend. Despite selling pressure after reaching a multi-month high, FET is testing the 100-day EMA for support. This suggests a promising future for the FET token, provided it maintains above determined support levels. However, potential investors are urged to consider the high-risk nature of crypto investing.

Cryptocurrency search interest has stumbled to late 2020 levels, with “crypto” at a score of 17 on Google Trends. This decline coincides with lower trading volumes, “Neutral” market sentiment, and a steady Bitcoin value around $28,000. Despite this, overall adoption and interest in digital assets, including decentralized finance, continue to progress.

Daily Bitcoin trading volumes have notably decreased, similar to 2018’s lows, as per CryptoQuant data. Prevailing uncertainty, partly from the US Central Bank’s interest rate actions, is spurring a Bitcoin holding trend. Despite challenges, the resolute belief in blockchain and cryptocurrencies reflects the crypto ecosystem’s resilience and adaptability.

“Crypto spot trading hits its lowest point since March 2019, with a 7.78% slump in volume on centralised exchanges. Tokenization in finance is emerging from South Korea, aiming to enhance transaction efficiency and transparency. However, with a decrease in worldwide search queries for “cryptocurrency”, there is a shrinking general interest in digital assets, potentially forecasting a bearish market trend.”

“BTC enters September at a critical juncture, with assumptions of a possible ‘double top’. Some predict bearish downslide to $23,000, while optimists strive to revive market momentum. A promising scenario emerges as 40% of BTC supply lies dormant for three years, potentially leading to a price rise due to demand-supply competition.”

Bitcoin’s recent departures from centralized exchanges could suggest a bullish outlook or indicate trust in custody solutions. However, SEC regulatory actions, declining buyer interest, and lower daily volumes suggest traders may be reluctant to actively trade the asset.

The meme coin rally continues with Pepecoin, Dogecoin, Shiba Inu, and Floki Inu experiencing double-digit increases. Factors fueling this trend include potential exchange listings and new blockchain initiatives. Despite the surge, critics argue meme coins are highly speculative and lack inherent value compared to more advanced cryptocurrencies.

Memecoin season’s interest seems to be dwindling, with Dogecoin experiencing a -25% slide in 37 days, casting uncertainty over their future. Despite this, Wall Street Memes token ($WSM) gains attention as a new contender in the ever-evolving memecoin space, offering diversification opportunities.

The meme-coin Pepe (PEPE) has seen a sharp correction after a 2,000% surge since its debut, with concerns about declining retail interest, whale distribution, and potential price manipulation. Technical indicators suggest a possible further 20% correction, but given the newness of the token and known volatility of meme-coins, accurate predictions are difficult.

Despite market trends, the crypto and blockchain sector continues to attract significant investments, particularly in fields like blockchain analytics, gaming, and crypto privacy. Venture capitalists are supporting promising startups like Bubblemaps, CoinScan, Hinkal Protocol, and Mythic Protocol, each bringing unique value to the industry. Market volatility remains a concern yet growth and adoption Momentum persists.

Following Bitcoin’s recent dip to $25,700, market uncertainty pervades, driven by SEC’s delay of other Bitcoin ETF applications like BlackRock and Fidelity. Factors such as decreasing trading volume, multi-year lows in Google search trends, and record low volatility point towards a prevailing indifferent attitude. Nevertheless, with Solana’s SOL token rising and Visa’s initiative to expand settlement capabilities on blockchain, optimism still persists in crypto space.

The article discusses the possibility of the upcoming “alt season” signaled by a bullish inverse head-and-shoulders pattern in the altcoin market. The pattern represents a potential bearish-to-bullish trend transformation, with the market cap needing to cross the $300 billion mark for completion. However, doubts persist among traders while the public sentiment appears lukewarm. Understanding these trends could play a key role in predicting future crypto market behavior.

Bitcoin traders are closely watching the $31K mark as $2B in BTC options are set to expire on July 28th, potentially establishing $29,500 as a strong support level. Despite changes in economic policies and looming inflation, the improving economic outlook and positive corporate earnings could lead to Bitcoin surpassing $31,000 in the coming weeks.”