Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: waybesuricata on January 24, 2021, 09:03:34 PM
-
Bitcoin may have started to cool off after breaking its all time high price of over $40,000, but it seems that Ethereum isn’t ready to call it quits yet.
Two extremely positive metrics representing the health of the network, Ethereum mining difficulty and Google search trends for ‘Ethereum’ have reached all time highs. In particular, Google search trends for Ethereum last set its all time high during the bull run of 2017. This resurgence represents a new major increase in interest in the world’s leading smart contract platform.
Google Trends Highlight User Interest
Ethereum is the second-largest crypto platform, but a lot of its interest is still generated by speculation. Ethereum has far to go until it reaches its peak dominance in application development and usage. This is because the platform is still relatively slow in processing transactions and charges high fees.
Nevertheless, Ethereum continues growing. The explosion of the defi sector, which is primarily built on Ethereum, is fueling this growth. The increased exposure of the platform mixed with the major increase in Bitcoin growth renewed interest on the part of potential investors.
Source and continuation of the article: https://beincrypto.com/eth-mining-difficulty-and-google-searches-reach-ath/