Before discussing the rise in ADA search popularity,
I want to first mention Google Trends.
[What is Google Trends?]
Google Trends is a free tool,
can tell you 'what people around the world have been searching for on Google recently',
you can also see the changes in the search popularity of a certain keyword.
For example,
when a typhoon is about to arrive,
People in Taiwan often search for 'typhoon holiday',
thus the search volume on Google Trends will surge sharply.
as shown in the picture,
Typhoon Danas formed in early July this year,
and landed in Taiwan around 11:40 PM on July 6,
Therefore, during early July,
'Typhoon holiday' search volume skyrocketed.
[How to use Google Trends in the cryptocurrency field?]
Google Trends is mainly used in the cryptocurrency field for 'market sentiment analysis' and 'trend forecasting'.
through Google Trends,
can help understand the search popularity of a keyword over a certain period.
When the search popularity rises,
it also means market sentiment starts to warm up gradually.
for example,
When you check the global search popularity of ADA,
Noticing the curve of ADA starting to gradually rise,
This means more and more people are discussing ADA,
If you want to learn more about ADA,
then there is a higher likelihood of driving prices.
However,
When the curve rises close to historical highs,
you should start paying attention to whether 'overheated market' signals are emerging.
significantly increases the likelihood of reaching a price peak.
[How is ADA's recent search popularity?]
you can see the changes in ADA search popularity over the past year,
the peak is in early December 2024,
At that time, the price of ADA was 1.3264 USD,
is the highest point over the past year!
And after that,
ADA search popularity gradually decreases,
It won't be until April that it rebounds from the bottom.
and then slowly show an upward trend,
It also means that market interest in ADA has been slowly warming up in recent months.
[Does this mean it's time to buy?]
Honestly,
I do not particularly recommend making short-term trades at this time.
unless you are not just referencing Google Trends,
There are also other signals that you think are worth referencing.
To quote Buffett:
'When others are fearful, be greedy; when others are greedy, be fearful'
Using Google Trends for market sentiment analysis is a good indicator,
Therefore, I think a better approach is to act when the search popularity sharply decreases,
or even buy at the lowest point.
This is the better timing.
And when the search popularity is gradually rising,
On the contrary, it should be taken as a warning signal,
as an entry indicator.
Finally,
I still want to remind everyone,
Never rely on a single signal as an indicator of whether to buy.
Otherwise, you think you bought at a time when everyone is fearful,
In fact, the altcoins you buy are just temporary hype.
Search popularity will only continue to decrease,
there is no reference to speak of.
[Disclaimer]
This content is for informational sharing and educational purposes only, and is not any form of investment advice, buying and selling recommendations, or financial planning guidance. Investment involves risks, please assess cautiously according to your situation, and consult professional financial advisors before making decisions. The author and this platform are not responsible for any losses caused by the use of this information.
