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Crypto Thursday: Block Size vs. Google Trends for top Cryptocurrencies

Dec 05, 2018

 

 

The Data Daily: Where the charts tell the story

This week we are comparing block size vs. Google Trends for top cryptocurrencies.

 

From the graphs we observe:

  • the cryptocurrency bear market has seen low google search volume  for terms like "Bitcoin" through most of 2018, however, there seems to be an uptick in Google searches for "Bitcoin" that began in the middle of November. Paired with lower-trending block sizes which should attract miners, could a cryptocurrency rally be brewing?

 

Bitcoin (BTC) Block Size vs. Google Trends - 1 Year

Ethereum (ETH) Block Size vs. Google Trends - 1 Year

 

Litecoin (LTC) Block Size vs. Google Trends - 1 Year

Monero (XMR) Block Size vs. Google Trends - 1 Year