Most Googled Cryptocurrency Subjects Revealed in New Study
Introduction
A new study conducted by Marketplace Fairness has revealed the most Googled cryptocurrency subjects nationwide and in each state. The study analyzed search volumes of over 250 frequently asked crypto questions on Google to determine the public’s areas of interest.
Top Queries Nationwide
- ‘NFT’ was the most queried term in all but four states
- ‘Blockchain’ was the second most investigated phrase in New York and featured in the top five queries in all but four states
- ‘Mining’ came in as the third most frequent subject of curiosity in the state
What is Cryptocurrency?
Simple searches for “What is cryptocurrency?” were popular nationwide, with an average monthly search volume of 39,466. In New York, the monthly search volume for this term was 2,641.
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates independently of any central authority, enabling secure, decentralized peer-to-peer transactions.
Most Queried Topics in New York
1. What is an NFT?
NFTs (Non-Fungible Tokens) were the most queried topic in New York. NFTs are cryptographic assets on the blockchain, similar to cryptocurrencies like Bitcoin and Ethereum. However, NFTs are unique and cannot be exchanged on a one-to-one basis.
The search term “What is an NFT?” had the largest monthly search volume of all questions at 2,231, which is 2,014% more than the statewide average volume. “What does NFT stand for?” had an average monthly search volume of 798, 657% more than the average.
2. What is blockchain technology?
The second most queried topic in New York was blockchain technology. Blockchain is a distributed and immutable digital ledger that records transactions across a network of computers, ensuring transparency, security, and trust in data integrity.
“What is the blockchain?” was searched at an average rate of 2,108 statewide, 1,898% more than the average search volume. “What is blockchain technology?” had an average monthly search volume of 422, while “How does the blockchain work?” had a volume of 155.
3. How to mine cryptocurrency?
The third most queried term was mining, which refers to the process of solving complex mathematical puzzles to verify and record transactions on a blockchain. Miners are rewarded with newly created cryptocurrency tokens.
“What is cryptocurrency mining?” was a top searched question in every state and had an average monthly search volume of 415 in California, above the average search volume by 293%. “How to mine cryptocurrency” was searched monthly at a rate of 99.
4. How do I buy crypto?
The fourth most queried area of crypto in the state was about buying cryptocurrency. The process involves creating an account on a cryptocurrency exchange, linking a payment method, and placing an order.
“How to invest in cryptocurrency” had an average monthly search volume of 404, 283% over the average volume, while “How to buy cryptocurrency” had a search volume of 245.
5. How does it work?
The question of how cryptocurrency actually works ranked fifth in terms of search interest in New York. Cryptocurrency uses cryptographic techniques through a blockchain to secure and regulate the creation of new units of currency.
“How does cryptocurrency work?” was searched at a rate of 338 times each month, 220% above the average search volume. The synonymous search term “How cryptocurrency works” had a search volume of 132.
