Google Trends Signals Altcoin Season as Interest Soars to 2021 Highs

After years of waiting, altcoin season is finally here, sparking excitement in the crypto market. Google Trends recently shows a sharp rise in global searches for altcoins, signaling renewed interest from investors. These search volumes are reaching levels last seen during the 2021 bull run, possibly marking the start of a new era for altcoins. This shift comes as Bitcoin (BTC) recently surpassed $100,000 , raising the possibility of capital moving from Bitcoin into altcoins. Google Trends and Altcoin Outlook Rotation In October, global search interest in altcoins reached a Google Trends score of 11, signaling a significant uptick in attention. Notably, the scale of the search volume indicates that altcoins are back in the spotlight. According to Google Trends graphs statistics, a rising trend means more traders actively seek information about these digital assets. Interestingly, some experts view the current spike as indicative of a true altcoin season. But what makes this surge particularly exciting is its alignment with Bitcoin’s breakout. When Bitcoin crossed the $100,000 threshold, it created a wave of speculation that the fund flowing into BTC might soon begin shifting into other assets. This is what many analysts call capital rotation, a process where investors move their funds from the market leader into alternative assets. Expert Predictions: Altcoins Gaining Ground Against Bitcoin While some might argue that the altcoin season is still in its infancy, key experts already highlighted certain altcoins outperforming Bitcoin. These tokens are gaining significant traction, signaling the strength of the altcoin market. Notably, tokens such as Fantom, Cardano (ADA) , and Filecoin (FIL) have shown impressive gains against BTC. In the past 30 days, Fantom has risen 47% against BTC, FIL has surged 64%, and ADA has outperformed Bitcoin by an incredible 144%. Recent reports show that 38 of the top 50 altcoins have surpassed Bitcoin’s performance. While this number has dipped slightly to 36, the overall trend remains strong. Analysts have historically viewed pullbacks like this as temporary as they do not detract from the broader narrative that altcoin season is well underway. This outperformance is a key marker of the altcoin season. Many analysts argue that it’s not just the performance of altcoins relative to the US Dollar that matters. Instead, their performance against Bitcoin is considered a more significant indicator of altcoin season. The Technical Picture: Strength in the Altcoin Market Beyond search data and expert predictions, technical indicators further confirm that altcoins are in a strong position. The TOTAL3 chart, which tracks the market cap of altcoins excluding Ethereum (ETH), has recently reached $1.08 trillion. Additionally, the Parabolic Stop and Reverse (SAR) indicator, which tracks support and resistance, is positioned below the altcoin market value. This further suggests continued growth. However, Bitcoin’s price and potential BTC dominance could temporarily slow altcoin momentum. The post Google Trends Signals Altcoin Season as Interest Soars to 2021 Highs appeared first on TheCoinrise.com .

Source: The Coin Rise