[Xangle Briefing] Ethereum’s rise in GTI (Google Trend Index) rates were significantly higher than that of Bitcoin on February
[2020, March 5th] According to crypto disclosure platform Xangle, Bitcoin and Ethereum’s GTI rates were equally highest on February 12. This was a day after Jerome Powell, chairman of the Federal Reserve, stressed that "every major central bank is currently taking a deep look” at digital currency. Both coin prices peaked during February along with their on-chain performances.
GTI is an indicator that represents the search interest globally relative to the highest point on the chart for the selected time. The highest value in GTI is 100, which is the peak popularity of the term; the lowest GTI value differs accordingly.
Xangle is planning on revealing BTC and ETH’s GTI value at the beginning of every month.
Ethereum’s lowest GTI value on February was 35, and bitcoin’s lowest GTI value was 70. This indicates that Ethereum’s search interest fluctuated more than that of bitcoin.
Over the past three months, while BTC’s GTI value constantly fluctuated, ETH’s GTI value showed a decreasing trend after its peak in February 12.
However, while ETH’s GTI value decreased in late February, BTC’s GTI value increased. This shows that BTC is the leading coin in the crypto market, especially since the public’s search interests were focused on Bitcoin during the crypto market’s highs and lows.