Memecoins have surged in popularity, outpacing Bitcoin in both search interest and market gains, but how long the trend will last is unclear.
Memecoins are dominating the news cycle over their significant volatility and growing influence in the crypto ecosystem.
Memecoin search interest has been rising, while search volume for the term “Bitcoin” on Google has dropped to one-year lows. On a scale of 0 to 100, “Bitcoin” is currently at 33, while search volumes for “memecoin” are at 77.
Google Trends uses an index-like approach to represent search volume and not exact figures. Carlos Guzman, research analyst at cryptocurrency market maker GSR, told Cointelegraph this means volume is shown on a relative basis “where the index value is the highest search volume reached in the period selected.”
