The relationship between Google trend and cryptocurrency.(XVG, BTC)
This is not a prediction for the future. However, it can be used as a measure of analysis. This is my hypothesis. The search volume of Google Trends may be related to cryptocurrency.
The picture below is a verge coin(XVG) of seven-day search of Google Trends.
The example is verge coin(XVG) because I have verge. I love you verge.
And the picture below is a picture taken from Coinmarketcap.com.
The date is from January 7 to January 14. It is a similar pattern.
And now, let's apply the above example to Bitcoin. The charts below show five years of Google Trends search and coinmarketcap charts.
It is surprisingly similar.
In conclusion, Google Trends may predict future Cryptocurrency movements.
This is just my opinion. But it is an interesting ending. This pattern can be applied to other coins with similar results.
I hope someone can predict the future in more detail through this method.
Very interesting! But I think it's not a stretch at all.
I guess one problem is also, the Google Trends data is not live is it?
What I can see happening this: when Crypto goes mainstream, people will get their information from various sources (like investment magazines), so the Google Trend prediction might be less clear / less predictable
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