Cryptocurrency: Public Awareness Remains High
The price of the largest cryptocurrency, Bitcoin (BTC-USD), has declined by nearly -40% over the past month, pulling the entire market lower.
Still, LikeFolio data clearly shows sustained interest from investors, with Mentions of Investing in cryptos trending higher, +161% QoQ and +1156% YoY on a 30-day moving average.
Although it’s fair to say that we’re still in the early stages of blockchain adoption and that the current market is crowded with worthless projects, it’s unlikely that we’ll see cryptos fade from public consciousness like in 2018.
Cryptocurrency has entered the zeitgeist.