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Cardano has historic high in Google searches

The explosive price of ADA is not the only high-flying metric recently, as Google’s global searches for Cardano have reached a new record.

Traders seem to be loving the third largest cryptocurrency by market value – Cardano’s ADA. Google searches have soared to new historical highs in recent weeks, coinciding with the latest ADA token price record.

Searches for Cardano

Google trends is generally a good indicator of investor behavior, especially when it comes to the cryptocurrency universe. The number of searches on Google for a specific token / project provides a fairly accurate estimate of the general interest.

According to the latest data from the world’s largest search engine, the Cardano blockchain project has become the newest frenzy for smaller investors. The number of searches on Google has exploded since the beginning of February.

First, they broke the previous record set during the 2017/2018 bull run. However, interest only intensified in the following weeks, as projections estimate that searches will more than double by the end of the current week (until March 6, 2021).

The growing interest in Cardano comes amid several vital developments in the blockchain project.

The founder, Charles Hoskinson, recently suggested new partnerships and integrations with big names in the industry, while the long-awaited update to the “Mary” protocol went live earlier this week. In addition to increasing security, the update allows for the compatibility of various assets for the network and the construction of decentralized applications.

ADA price and interest developments

Demand for Cardano’s native cryptocurrency has also increased in recent weeks. A suitable example came last week, when a Dubai-based investment fund announced plans to sell $ 750 million of its Bitcoin stakes and allocate funds in ADA and DOT.

As expected, developments in the network, the growing appetite of retail investors and cryptocurrency funds have positively impacted the price of the ADA token.

The asset entered the new year at about $ 0.18. Since then, however, it has exploded after a 700% increase to a new record of almost $ 1.50 a few days ago. Despite falling back a bit since then and currently trading at $ 1.25, the ADA is still around 600% up on the year.

Naturally, this impressive performance boosted market capitalization and ADA became the third largest digital asset by that metric, with a market capitalization of $ 40 billion.

Cardano has historic high in Google searches 22

Source: cryptopotato

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