Top Trend: Digital Assets A very interesting trend is taking place lately. That is a very interesting development, especially for projects looking to broaden their audience. With Bitcoin’s upcoming halving, an event which has generated huge interest levels within the cryptocurrency community, Google Trends could provide some useful. The NFT series of 5 digital sketches by Bollywood fashion designer Manish Malhotra was auctioned for around Rs 2.8 lakh. When it comes to alternative cryptocurrencies, different parts of the world seem to use different search terms, according to Google Trends. Google Trends is a website created by Google which allows users to view the search habits of people across the world we can search based on a single topic or a specific search term. Meanwhile, Bollywood celebs such as Amitabh Bachchan, Salman Khan, and Sunny Leone have joined the Bitcoin bandwagon.Īmitabh Bachchan’s recently launched NFTs, which included autographed vintage posters and a recitation of his father’s classic poem Madhushala, fetched Rs 7.18 crore ($966,000). “The increased interest in NFTs has coincided with the overall boom in the cryptocurrency market, implying that NFT prices will fall if cryptocurrency prices fall,” the study said. The market data is collated into a single. social media sentiment, Bitcoin dominance and current market trends. It shows a score from 0 to 100 to represent the crypto market sentiment. According to data from on NFTs, total sales in 2020 were $340 million, and sales in 2021 have already crossed $9 billion, a more than 25-fold increase.Įarly sales were dominated by collectibles such as CryptoKitties and CryptoPunks, according to a breakdown of transactions by popular NFT categories addressed in the paper. The crypto fear and greed index analyses different trends and market indicators and concludes whether market participants are feeling fearful or greedy. from wordcloud import WordCloud, STOPWORDS, ImageColorGenerator. The increase is astonishing when compared to 2020. According to the study, NFT sales increased from $41 million in 2018 to $2.5 billion in the first half of 2021, a 60-fold increase in three and a half years. According to a recent study from Cointelegraph, consumers have already spent over $9 billion on NFTs, with total sales likely to reach $17.7 billion by the end of 2021. There is a lot more to the cryptocurrency industry than just Bitcoin. Last weekend, in the most unanticipated crypto market crash, the decentralized industry was hit with its highest liquidation recorded in past 15months, with more than 2.5 billion worth of. Thousands of people are bidding on these artefacts, and some are even selling for millions of dollars. According to Google Trends list of the most searched news across the world, ‘Dogecoin’ and ‘Ethereum Price’ secured its place amongst the top ten. The options for purchasing and selling digital assets are limitless. NFTs can be used to own all types of art, tweets, music, GIFs, and other digital goods. NFTs, for those unfamiliar, allow users to own uncommon digital artefacts via the blockchain network that underpins cryptocurrencies. According to Google Trends, a tool that tracks the most popular Google searches, people are searching for “NFT” more than ever before, and “crypto” is no longer the most popular search term.
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