Google search volumes for “Bitcoin” have just reached a one-year low while interest in memecoins continues to soar.
During the week of Oct. 12, global searches for “Bitcoin” reached an ultra-low 33 out of 100 on Google’s scale. Meanwhile, the search volume for “memecoins” was 77 out of 100. Memecoins have not regained their previous high of 100 at the end of October 2023, but most industry analysts believe that memecoins will relive those former glory days.
News sites focused on Solana reported that memecoins on the network collectively had a market capitalization of over $10 billion, with a total 24-hour trading volume of around $2.3 billion as of Oct. 12.
Platforms like Pump.fun have catalyzed Solana by making user-friendly interfaces with low transaction fees and fast access to liquidity via decentralized exchanges such as Raydium. This has democratized token creation to the extent that virtually anyone can create and issue new digital assets.
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