“In the last 12 months, the number of searches for “bitcoin” on Google has dropped to a minimum of 24 points. Source: Google Trends. The maximum value of the indicator (100) was recorded in March against the background of the price of digital gold reaching an all-time record level above $70,000. Similar dynamics were demonstrated by the request for altcoins. But the interest of Internet users in meme coins remains relatively stable, although it is far from the values of the beginning of June. Source: Google Trends. In English […]”, — write: businessua.com.ua
In the last 12 months, the number of searches for “bitcoin” on Google has dropped to a minimum of 24 points.
Source: Google Trends.
The maximum values of the indicator (100) recorded in March against the background of the price of digital gold reaching an all-time record level above $70,000.
Similar dynamics were demonstrated by the request for altcoins. But the interest of Internet users in meme coins remains relatively stable, although it is far from the values of the beginning of June.
Source: Google Trends.
In the English-speaking segment of the Internet, the picture is different – the popularity of the memecoin request is increasing. According to CryptoQuant founder and CEO Ki Yoon-ju, by the end of October search volumes may return to the historical highs of a year ago.
Memecoin Google search volume is expected to reach an all-time high this month. pic.twitter.com/ZOfsLFwGmH
— Ki Young Ju (@ki_young_ju) October 12, 2024
Ecosystem news channel Solana reported that the combined market capitalization of meme tokens exceeded $10 billion, and the daily trading volume reached $2.3 billion.
🚨 JUST IN: Solana meme coins’ total market cap surpasses $10B, with $2.3B in trading volume recorded in the last 24 hours. pic.twitter.com/KMo9dVJwWw
— SolanaFloor (@SolanaFloor) October 12, 2024
The segment is recovering, despite the massive failure of new coins and the disappointment of a number of traders – the chances of finding a successful meme coin turned out to be lower than winning in a casino.
Against this backdrop, Solana’s commission income returned to August levels after a September slump, according to The Block.
It will be recalled that billionaire and crypto-investor Mark Cuban criticized meme tokens, calling them all a potential rug pull scheme.
The source