Google Trends shows that the search popularity of "altcoins" is close to 100 peaks

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MarsBit
12-05
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According to Mars Finance news, Google Trends data shows that after Trump's victory in the election, people's interest in "Altcoins" began to rise in early November, and the search volume today is close to the peak of 100. The surge in "Altcoin" search volume marks a reversal from the period of January 2022 to November 2023, when interest had dropped to the lowest point of 5 in the past five years, and then rebounded to 21 in December 2023.

In addition, the Altcoin season index on CoinMarketCap rose to 89 on Wednesday, indicating that Altcoins have increased their market share relative to Bitcoin. The index tracks the performance of the top 100 cryptocurrencies by market capitalization (excluding stablecoins and wrapped tokens) over a 90-day period, and a reading above 75 confirms the arrival of Altcoin season.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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