![]() ![]() Thus, the sentiment analysis based on the Google searches could be useful for the internet based market of cryptocurrencies and further study for on this direction should be done. The empirical evidence shows that only the Google index which reveals the users’ intention to buy a cryptocurrency could be a useful and statistically significant factor for the crypto performance. Moreover, we generate two additional indices based on Google searches that reveal the users’ intention to buy and intention to sell cryptocurrencies. Today, bitcoin is one of the most trending topics on search engines and social media, as investors attempt to keep up with its often dizzying see-sawing in price with the coin surging to nearly. Using Google trends indices, we test the impact of COVID-19 fear to the performance of the cryptocurrencies, and the empirical evidence show that when the health risk increases the BTC, BNB and ADA prices fall (and vice versa). Google Trends Bitcoin Searches, a Key Price Indicator, Turn Mega Bullish. ![]() This much is a given when you look at how the cryptocurrency experienced dramatic and unpredictable price run-ups and painful crashes in its decade-long history. We investigate Bitcoin (BTC), Ethereum (ETH), Binance (BNB) and Cardano (ADA) during the period -. 6 Current Bitcoin Trends: 2021/2022 Data, Statistics, & Predictions written by Arthur Zuckerman Investing in Bitcoin remains a risky business. This new wallets is over 800,000 wallets in number for the past 12 months with the majority of the 15 million trades growth coming from African countries – Nigeria, Ghana and Kenya.This paper examines the performance of the most popular and highly capitalized cryptocurrencies during the COVID-19 era under a sentiment analysis view. For some additional context, it should be noted that bitcoin’s Google Trends Score has only been equal to or greater than 21 in 7 months since bitcoin’s inception and they all took place consecutively surrounding bitcoin’s last major surge from September 2017 through March 2018 (with scores chronologically of 21, 22, 44, 100, 55, 39, and. Paxful also reports that the platform had new wallets created on its platform. So while Paxful generated $65 million, Nigeria accounts for almost $32.5 million. Recently, Paxful, one of the largest bicoin kiosk in Africa, released a report in October 2019 saying that Nigeria accounts for up to 50 percent of Bitcoin to gift card trades on Paxful. The city of Lagos is the Silicon Valley of Nigeria when it comes to tech. Nigeria is the home of the Google Accelerator Launchpad helping techpreneurs and enthusiasm to leverage their skills. For every 57 searches for Bitcoin, there are 3 searches for cryptocurrency. This is not the first or second time that Nigeria is topping the google search data learderboard on the word Bitcoin. If the Google Trends for the entire world are any indication, however, anything that isn’t Bitcoin doesn’t really matter. Ethereum is the world’s second largest cryptocurrency. Moreso, Nigeria appears among the top 10 countries for the Ethereum Cryptocurrency google search data. SEE ALSO: The Top Five Best Cryptocurrency Exchange Where You Can Buy Bitcoin With Nigeria Naira. Moreso, the breakdown in terms of the top cities with most searches is as follows: The list of the top 10 countries are as follows: Meanwhile, the search data shows that, among the top five destinations, Africa accounts for three out of the total. ![]() The use of Bitcoin continues to surge even though the Central Bank of Nigeria previously said that cryptocurrencies like Bitcoin is a risk and not supported my the CBN. Weiters zeigen wir wie das stndliche Handelsvolumen von Bitcoin mittels der stndlichen Rate von Tweets ber Bitcoin und Google Trends Daten vorhergesagt. Meanwhile, the federal government of Nigeria is yet to put up a legal regulatory policy concerning the use of cryptocurrency especially bitcoin and then blockchain technology. Thank you for reading this post, don't forget to subscribe! According to the most recent data from Google Search and Google Trends Search for the word ‘Bitcoin’, in 2020, Nigeria once again ranks first leading the list of the top 10 countries searching for bitcoin in 2020. ![]()
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