“Crypto is Dead” is back in Google Trends: Why it’s a good thing
The Google Trends analytics tool shows that the phrase “crypto is dead” has soared to a historical record (index 100). This number of queries has never been seen before in the history of cryptocurrencies.
On the historical graph for 5 years we see 3 periods when “crypto is dead” was in trends (red arrows). All of them coincided with deep drops in the exchange rate of VTC – December 2018, April 2021 and May 2022.
That is, the growing interest in the phrase “crypto is dead” signals an extremely negative sentiment in the crypto market. But in the long term, this indicator can be interpreted as a signal for a reversal.
Investor pessimism is confirmed by the Fear and Greed Index, which is now at a three-year low. The Crypto Fear and Greed Index fell to 6 over the weekend, but has now risen to 11 points (extreme fear).
Historically, the lowest Fear Index was at 5 in August 2019.
Ola Peterson is the author of eDieta in Cryptocurrency and Blockchain and lives in Toronto. A very inquisitive person who is passionate about new technologies. And of course she could not ignore such technology as blockchain and everything associated with it. Cryptocurrency, cryptocurrency exchanges, celebrities who are into crypto. Absorbs absolutely all information that is related to crypto. She listened to Princeton University's course on crypto, watches all webinars on crypto, visits international exhibitions on blockchain and cryptocurrency.
