TrendLab's Weekly Insights and Trends
Trendlab is aiming to be the go to platform for trending insights, be that Cultural, Products or Services. So regardless of whether you're looking for e-commerce trends or customer insights, digital marketing developments or dropshipping predictions - we have the tools to help you make robust market research-based decisions. This is partly driven by our philosophy that an informed execution is an effective execution.
To help our customers, we send out a free weekly newsletter on the exploding trends that have caught our eye that week. You can sign up to it here.
Trend #1- Starlink
Starlink is a satellite internet constellation being constructed by SpaceX providing satellite Internet access. The constellation will consist of thousands of mass-produced small satellites in low Earth orbit, working in combination with ground transceivers.
Starlink has been Strongly Rising (103.9%) in the last year. It is experiencing Stability (4.1%) this month as compared to the previous month. With a Search Volume of 246K it is a trend to look up in the future because of its high growth speed.
Two words: Elon Musk. He owns the firm which announced potential customers can enter their service address on its website and place a $99 deposit, which covers the first month of usage. Users opting in have received messages saying SpaceX is 'targeting coverage in your area in mid to late 202,' but others are seeing sometime in 2022.
If Starlink is fast enough (and the Trendlab crew thinks it will be), it may act as a competitor to the fiber optic cable-providers, which are often monopolies many parts of the world.
Trend #2 - Dogecoin
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake.
Dogecoin has been Strongly Rising (263.4%) in the last year. It is experiencing Stability (7.4%) this month as compared to the previous month, it is a trend to look up in the future because of its high growth speed.
Guess who again? Yep, Elon Musk. Dogecoin price has climbed thanks to attention from billionaires, rockstars, and YouTubers and with Tesla Chief Executive Elon Musk, who was once voted "dogecoin CEO" and named it his "fav" cryptocurrency, this week tweeting: "Doge is underestimated."
With the dogecoin price up 600% since late January, developers who had abandoned the memecoin are back and planning to update the software behind it.
The surge in the price of bitcoin and other cryptocurrencies, including dogecoin comes as digital currencies become mainstream due to soaring interest from both retail and institutional investors.
Trend #3 - Wegobuy
Wegobuy is a chinese shopping agent. During the 4th quarter of 2019 it entered the market. And instantly replaced Superbuy.com as our go-to agent for taobao products and expert shopping. It promised to do deliver everything that Superbuy couldn’t deliver anymore and completely focus on communities like ours.
Wegobuy has been Strongly Rising (107.9%) in the last year. It is experiencing Stability (2.6%) this month as compared to the previous month. With a Search Volume of 14.8K, it is a trend to look up in the future because of its high growth speed.
South-east Asian consumer habits are being driven more by influence rather than necessity. Its co-founder, Vincent Xue, in response to raising funds said: "If social media platforms dictate consumption trends, Webuy's social e-commerce platform aims to reconstruct the act of daily consumption and interaction," .
Plans to use the new funds are to bankroll a hiring spree across the three markets and strengthen its platform. WeBuy also said it has inked a partnership with Chinese internet giant ByteDance – set to take effect in the first quarter of 2021 – to bolster its social capabilities.