To expound more, Bitcoin isn’t only used for video game microtransactions. It’s particularly popular with gamers, because they make up the biggest demographic of crypto investors. Since it can be used in just about any field, the growth of blockchain is not declining any time soon.Ĭrypto is ideal in healthcare, supply chain management, insurance, finance, and gaming. The spending on blockchain solutions is predicted to increase from $12.2bn in 2022 to $23.3bn in 2023.īlockchain-based systems will likely become the new standard across various industries. Interest in blockchain technology has been growing rapidly as banks, international trade, supply chain management, and governments adopt the technology. Many exciting trends will shape the future development of the blockchain industry and the way it continues to evolve. Blockchain Markets Will Keep Developingįollowing 2022 Google trends, it is obvious that blockchain markets will keep growing. Here are a few lessons to learn from Google data trends. It all started on June 11, when Bitcoin lost about 35% in a week. In 2022, the search term had the highest interest five days in a row. It is the only state with Bitcoin dominating Google Trends. It generated search interest in the industry, improving it by 3.6 points. This was the most notable crypto collapse of 2022. ‘Ethereum’ was the top search trend for 15 days in New York. New York obsessed over Ethereum more than other states in 2022. 26 crypto trends first appeared in New York before spreading to other states. In 2022, New York was a crypto trendsetter in the United States. In addition, it was a dominating top search in nine states. The search term was a top search trend in 31 states. It was the #1 crypto-related term in the United States 1,789 times. DashĪccording to Google Trends data, this was 2022’s top trending cryptocurrency in the United States. The term grew 222% in 2022 in comparison to 2021. The term DYOR recorded the highest growth. In addition, FOMO was one of the dominating top search trends in three states. It was the top search trend in 16 states. This was the buzzword of 2022, and it is expected to continue in 2023. Here are a few search trends from 2022 that may continue in 2023: FOMO The unfortunate turn of events created doubt regarding the value and use of blockchain technology. The most significant events included: Voyager and Celsius going bankrupt and Terra (Luna) becoming worthless. This came after a few other events at the start of the year. 2022 brought an end to the crypto winter aggravated by the downfall of FTX and the arrest of its founder, Sam Bankman, following fraud allegations.
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