{"id":374586,"date":"2019-03-13T20:00:17","date_gmt":"2019-03-13T20:00:17","guid":{"rendered":"https:\/\/wncen.com\/?p=374586"},"modified":"2019-03-13T15:49:04","modified_gmt":"2019-03-13T15:49:04","slug":"crypto-comeback-chart-altcoin-season","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-comeback-chart-altcoin-season\/","title":{"rendered":"Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The entire cryptocurrency industry is buzzing now that <a href=\"https:\/\/wncen.com\/2019\/03\/05\/bitcoin-miners-btc-bear-market\/\">Bitcoin may have bottomed<\/a> and a number of <a href=\"https:\/\/wncen.com\/2019\/02\/18\/crypto-market-cap-altcoin-season\/\">altcoins have started to break through downtrend resistance<\/a> and cause a spike in price. The sudden, powerful rallies in the altcoin market have led many crypto traders and analysts alike to suggest an \u201calt season\u201d is upon us.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The price charts of many individual smaller cap altcoins clearly depicts a change in sentiment and buying momentum amongst bulls. However, one simple chart shows that there has never been more interest in the alt market, proving that an \u201calt season\u201d is already well underway.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Altcoin Season Is Here, According to Google Trends<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Look at any number of altcoin price charts and there\u2019s no doubt you\u2019ll find a <a href=\"https:\/\/wncen.com\/2019\/02\/18\/crypto-market-cap-altcoin-season\/\">sudden rally<\/a> following months of decline. It\u2019s led to even <a href=\"https:\/\/wncen.com\/2019\/03\/12\/experienced-altcoin-trader-outlines-expectations-for-bitcoin-and-alt-bull-cycles\/\">experienced traders<\/a> calling for an \u201calt season.\u201d While almost each day a new coin is painting double-digit, and even triple-digit gains, the best proof that an alt season is upon us is by reviewing data on Google Trends.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-374587\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Screen-Shot-2019-03-13-at-10.57.26-AM.png?resize=1100%2C578\" alt=\"\" width=\"1100\" height=\"578\"><\/p>\n<p class=\"p1\"><span class=\"s1\">The above chart clearly demonstrates a spike in interest in the altcoin market. In fact, there\u2019s more interest now than there has been in over a year.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/03\/12\/experienced-altcoin-trader-outlines-expectations-for-bitcoin-and-alt-bull-cycles\/\">Experienced Altcoin Trader Outlines Expectations For Bitcoin and Alt Bull Cycles<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">It\u2019s worth noting that the topic \u201caltcoins\u201d was used in the data, not \u201caltcoins\u201d the individual search term. <a href=\"\/tag\/google\" rel=\"nofollow\">Google<\/a> describes topics as a collection of related search terms that are aggregated to give a more accurate overall snapshot of what people are searching for.<\/span><\/p>\n<blockquote>\n<p class=\"p1\"><span class=\"s1\">\u201cIn addition to helping with ambiguous search terms like &#8220;rice,&#8221; the new feature also automates counting many different searches that probably mean the same thing. So, when you measure interest in &#8220;Gwyneth Paltrow (Actress)&#8221; our algorithms count many other searches that mean the same thing &#8220;Gweneth Paltrow,&#8221; &#8220;Gwen Paltro,&#8221; etc. As our systems improve, we may even count searches like &#8220;Lead actress in Iron Man.&#8221; This can be particularly useful for topics that are commonly searched with misspellings and in different languages,\u201d Google explains.<\/span><\/p>\n<\/blockquote>\n<p class=\"p1\"><span class=\"s1\">This means that not only is Google taking the exact search term \u201caltcoins\u201d into consideration when aggregating the total interest in a topic, it\u2019s also taking related search terms such as \u201c<a href=\"\/tag\/litecoin\" rel=\"nofollow\">Litecoin<\/a>,\u201d \u201c<a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a>,\u201d and \u201c<a href=\"\/tag\/ravencoin\" rel=\"nofollow\">Ravencoin<\/a>,\u201d into account in aggregate.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Current Interest in Altcoins Nearly Double That of the Peak of the Last Bull Run<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Regardless of how Google pulls the data, Google Trends very clearly shows that interest in the altcoin market is the highest it\u2019s been in a year. But when zooming out, the recent spike in interest is the highest level of interest ever witnessed in the alt market ever.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-374588\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Screen-Shot-2019-03-13-at-11.22.09-AM.png?resize=1100%2C578\" alt=\"\" width=\"1100\" height=\"578\"><\/p>\n<p class=\"p1\"><span class=\"s1\">Not even the peak of the last bull run resulted in a similar level of interest in alts such as <a href=\"\/tag\/litecoin\" rel=\"nofollow\">Litecoin<\/a> or <a href=\"\/tag\/eos\" rel=\"nofollow\">EOS<\/a>. During that time, <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a> had reached an all-time high of over $1,400, while other top cryptos such as <a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a> and <a href=\"\/tag\/stellar\" rel=\"nofollow\">Stellar<\/a> reached $3.40 and $0.87 respectively.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/02\/18\/crypto-market-cap-altcoin-season\/\">Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Most altcoins are currently down 90% of more from their all-time high prices in USD, and even their ratio relative to BTC. At such low prices, altcoins are proving to be too attractive for investors to pass up.<\/span><\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The entire cryptocurrency industry is buzzing now that Bitcoin may have bottomed and a number of altcoins have started to break through downtrend resistance and cause a spike in price. The sudden, powerful rallies in the altcoin market have led many crypto traders and analysts alike to suggest an \u201calt season\u201d is upon us. The price charts of many individual smaller cap altcoins clearly depicts a change in sentiment and buying momentum amongst bulls. However, one simple chart shows that there has never been more interest in the alt market, proving that an \u201calt season\u201d is already well underway. Altcoin Season Is Here, According to Google Trends Look at any number of altcoin price charts and there\u2019s no doubt you\u2019ll find a sudden rally following months of decline. It\u2019s led to even experienced traders calling for an \u201calt season.\u201d While almost each day a new coin is painting double-digit, and even triple-digit gains, the best proof that an alt season is upon us is by reviewing data on Google Trends. The above chart clearly demonstrates a spike in interest in the altcoin market. In fact, there\u2019s more interest now than there has been in over a year. Related Reading | Experienced Altcoin Trader Outlines Expectations For Bitcoin and Alt Bull Cycles It\u2019s worth noting that the topic \u201caltcoins\u201d was used in the data, not \u201caltcoins\u201d the individual search term. Google describes topics as a collection of related search terms that are aggregated to give a more accurate overall snapshot of what people are searching for. \u201cIn addition to helping with ambiguous search terms like &#8220;rice,&#8221; the new feature also automates counting many different searches that probably mean the same thing. So, when you measure interest in &#8220;Gwyneth Paltrow (Actress)&#8221; our algorithms count many other searches that mean the same thing &#8220;Gweneth Paltrow,&#8221; &#8220;Gwen Paltro,&#8221; etc. As our systems improve, we may even count searches like &#8220;Lead actress in Iron Man.&#8221; This can be particularly useful for topics that are commonly searched with misspellings and in different languages,\u201d Google explains. This means that not only is Google taking the exact search term \u201caltcoins\u201d into consideration when aggregating the total interest in a topic, it\u2019s also taking related search terms such as \u201cLitecoin,\u201d \u201cXRP,\u201d and \u201cRavencoin,\u201d into account in aggregate. Current Interest in Altcoins Nearly Double That of the Peak of the Last Bull Run Regardless of how Google pulls the data, Google Trends very clearly shows that interest in the altcoin market is the highest it\u2019s been in a year. But when zooming out, the recent spike in interest is the highest level of interest ever witnessed in the alt market ever. Not even the peak of the last bull run resulted in a similar level of interest in alts such as Litecoin or EOS. During that time, Ethereum had reached an all-time high of over $1,400, while other top cryptos such as XRP and Stellar reached $3.40 and $0.87 respectively. Related Reading | Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?\u00a0 Most altcoins are currently down 90% of more from their all-time high prices in USD, and even their ratio relative to BTC. At such low prices, altcoins are proving to be too attractive for investors to pass up. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":374589,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,16892,13625,16897,16894,16891],"tags":[142,428,6664,2219,7339],"class_list":["post-374586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-eos","category-ethereum","category-litecoin","category-ripple","category-stellar-xlm","tag-altcoins","tag-bitcoin","tag-crypto","tag-google","tag-google-trends"],"acf":[],"yoast_head":"\n<title>Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us<\/title>\n<meta name=\"description\" content=\"One chart shows that there has never been more interest in the altcoin market, proving that an \u201calt season\u201d is already well underway in the crypto space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crypto-comeback-chart-altcoin-season\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us\" \/>\n<meta property=\"og:description\" content=\"One chart shows that there has never been more interest in the altcoin market, proving that an \u201calt season\u201d is already well underway in the crypto space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-comeback-chart-altcoin-season\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-13T20:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-13T15:49:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/altcoin-crypto-shutterstock_1301961121-1100x733.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"733\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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