The crypto bull run has witnessed a 55% rise in MetaMask active users over the last 4 months. The total number of active users has gone up from 19 million in Sept 2023 to 30 million in Jan 2024.
The price of Bitcoin has almost doubled in the last 5 months and currently trading at over $51000, according to CoinMarketCap. Ethereum crossed the $3000 mark after nearly 2 years. Factors like these have led to a rise in active users on MetaMask.
January 2022 was the last time since Metamask saw over 30 million active users.
Some analysts predict Bitcoin could touch the 100k mark by the end of the year.
Bitcoins peak in 2022 and the current bull run has seen a correlation is Metamask’s rise in monthly active users.
Other wallets like the Coinbase wallet, OKX wallet, and Phantom wallet have seen a rise in downloads.
Bitcoin halfing is scheduled in another 60 days and could cause a supply shock which might lead to a price rise. Bitcoin halfing comes every 4 years and the next bull run could be around the corner.
The word ‘Crypto” on Google search trends has not yet reached its peak which indicates a lower seach volume.