His interest in Ethereum has reached record highs, at least Google Trends search data proves this. Google’s searches for “Ethereum” are way higher than in 2017 when the asset broke a record.
Ethereum was largely unknown in 2017, starting the year at less than $ 10, and rapidly surging to $ 1,400 after twelve months. The increase was largely driven by FOMO, which was followed by a blockchain and ICO boom.
Three years later, the situation is quite different for the world’s second-largest digital asset. Since ICOs were basically regulated in 2018, they are no longer the driving force of the markets and Ethereum has diversified, which he suggests can still be underestimated by metrics. Ethereum offers many more opportunities today; It powers DeFi, offers staking opportunities, and feeds dApps and smart contracts. ‘DCinvestor’, a public sector management consultant, predicts that Ethereum will become mainstream in this market cycle:
“EVERY GENERATION Y & GENERATION X FUND MANAGERS WHO MONITORING BITCOIN IN WALL STREET WILL KNOW AND UNDERSTAND WHAT ETHEREUM IS (CONCEPTALLY) AT THE END OF 2021.”
The current bull market is largely driven by institutions that want a slice of the pie. Grayscale, for example, is currently holding $ 3.3 billion in Ethereum Trust and is quickly buying even more. The rise in Google searches, however, shows that retail traders and mainstream are finally gaining some interest as Ethereum reaches its new high.
ETH bulls pushed prices up to a three-year high at $ 1,220 during the morning trading session. The market value is now almost 140 billion dollars. It gained 10% more per day, and this is the highest price Ethereum has seen since mid-January 2018. At current prices, it’s just 19% away from the all-time high of $ 1,450 on January 13, 2018. As Bitcoin breaks new records, it is a question of whether ETH will reach a new peak.