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There is an explosive surge of interest in Ethereum on the Internet

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Explosive ETHEREUM Prediction 2021 (Pay Attention To THIS Date)

There is an explosive surge of interest in Ethereum on the Internet

There is an explosive surge of interest in Ethereum on the Internet
CONTENT

  • Ethereum searches continue to grow at Google.

  • More retail players may be joining the crypto rush.

  • The ETH rate separates from the record high by less than 20%.

International consortium of news organizations developing transparency standards.

Ethereum Google Searches Soar To All-Time Highs Following ETH Rally.

There is an explosive surge of interest in Ethereum on the Internet

According to the analytical service Google Trends, a sharp increase in the number of requests on the topic of Ethereum has continued on the Internet recently..

Not so long ago, the editorial staff of BeInCrypto already wrote that, as statistics show, even absolute beginners in the cryptoindustry began to show increased interest in this topic. They typed the word “Ethereum” into the search box as “Etherium”. 

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Since then, widespread interest in this blockchain project has not faded at all, continuing to update record values. According to Google Trends, these numbers have already surpassed the levels of 2017, when the then little-known ETH began its first bull run to all-time highs above $ 1400..

Google search for ‘Ethereum’ hit all-time-high pic.twitter.com/jZi2wwRWWY

– unfolded. (@cryptounfolded) January 6, 2021

2021 is truly a new year for Ethereum

Since then, a lot has changed both in the Ethereum ecosystem and in the crypto space in general. Now ICOs have ceased to be the main driver of the market, and the Ethereum blockchain has managed to acquire a whole list fundamental factors, promising him bullish prospects.

There is an explosive surge of interest in Ethereum on the Internet

Thus, the Ethereum ecosystem has become a “home” for the boom in the decentralized finance industry (DeFiDecentralized finance (DeFi) is a financial services built on blockchain technology that offer users access to an open, efficient and … More), which was deployed mainly on this blockchain.

One of the most important events of 2020 for the project was the long-awaited launch on December 1 of the zero phase the updated Ethereum 2.0 protocol – the Beaconchain network. It should address the existing network speed and scalability issues. Also, moving to a more efficient consensus algorithm Proof-of-Stake (PoS) will allow users to benefit from all staking opportunities.

Moreover, according to some market criteria, ETH is still undervalued..

According to financial consultant @iamDCinvestor, Ethereum will enter the mainstream in this market cycle.

“Every Boomer or Generation X fund manager currently dealing with Bitcoin on Wall Street will know and understand (conceptually) what Ethereum is by the end of 2021.”.

It is noteworthy that this opinion is shared by other crypto enthusiasts..

At the same time, if at present the participants in the bullish crypto market are mainly institutional investors, then the trend of queries in Google gives reason to hope that retail investors and traders are starting to get involved in the process..

Record highs are already looming on the horizon

ETH bulls keep up with bitcoin and also accelerate the currency to new highs. At the moment, the ETH rate has managed to update 3-year highs around $ 1220. The market capitalization of the currency, meanwhile, almost reached $ 140 billion.

There is an explosive surge of interest in Ethereum on the Internet

Chart ETH / USD – TradingView

At these levels, the currency is separated from the record high by less than 20%. As a reminder, it was set on January 13, 2018 at $ 1,450. The path to it is blocked by resistance around $ 1,230 (the level of closing weekly candles in January 2018).

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