Google Trends is becoming a less relevant tool for measuring m | Smart Bitcoin

Google Trends is becoming a less relevant tool for measuring market activity. Despite the new highs for $ ETH and $ BTC, user queries in the most popular search engine in the world no longer reflect the objective picture of the market.

What is the reason?

It's simple. Many people no longer type a query into the search bar to find out details about a certain cryptocurrency. Newly minted investors and traders go directly to crypto-exchanges, and statistics from these sites speak of new absolute records in the number of new users and trading volumes.

New times - new tools for market research. It's just a pity that statistics from centralized exchanges are in closed access.

We hope that Ethereum will be able to cope with the congestion of the network in the near future and redirect a large number of investors and traders to its decentralized exchanges, where all the figures for trading and the number of active users are publicly available.