{"id":430069,"date":"2020-07-09T01:00:31","date_gmt":"2020-07-09T01:00:31","guid":{"rendered":"https:\/\/wncen.com\/?p=430069"},"modified":"2020-07-08T17:37:05","modified_gmt":"2020-07-08T17:37:05","slug":"alt-season-altcoins-google-trends","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/alt-season-altcoins-google-trends\/","title":{"rendered":"Alt Season: ‘Altcoins’ Search Volume Surges On Google Trends"},"content":{"rendered":"

All across the cryptocurrency community, there’s buzz once again about an altcoin season. But it may not only be current market participants driving the current surge in altcoins.<\/p>\n

Google Trends shows that search queries for “altcoins” have reached the second-highest point in all of 2020. What’s this mean for the crypto market?<\/p>\n

Is Alt Season Upon Us? Crypto Assets Begin To Show Signs of Recovery<\/h2>\n

Altcoins like Chainlink<\/a>, Tezos, and Compound<\/a> have been on fire over the last several days. As Bitcoin trades sideways, boredom may be causing a flood of interest to enter the altcoin market.<\/p>\n

Even long-time crypto market underperformers like XRP are beginning to show signs of a recovery<\/a>.<\/p>\n

These alternative crypto assets have suffered for nearly four full years in terms of both USD and BTC value. Altcoin holders who bought the top of the crypto bubble had to watch not only the entire market collapse but Bitcoin rise again without alts.<\/p>\n

Related Reading | This Leading Altcoin Only Has 8% Chance of Further Decline Against Bitcoin<\/a><\/strong><\/em><\/p>\n

Bitcoin’s 2019 rally left alts in its dust, causing the assets to bleed out on their BTC ratios. Most assets revisited all-time lows in satoshis \u2013 the smallest unit of measurement in Bitcoin.<\/p>\n

It’s taken all the way until now for alts to show even the smallest glimmer of hope, and it already got the industry talking “alt season.”<\/p>\n

Altcoin seasons are periods of overperformance against Bitcoin. These phases can result in multi-thousand percent rallies against the leading cryptocurrency by market cap.<\/p>\n

The current alt season was kickstarted due to a fall in BTC dominance<\/a>, but it could also be the result of new investors interested in the asset class again.<\/p>\n

 <\/p>\n

Google Trends Search Queries For Altcoins Reaches Second Highest Level Of 2020<\/h2>\n

According to Google Trends data<\/a>, search queries for “altcoins” have risen to the second-highest level of the year.<\/p>\n

This could be a sign that not only interest is returning in the crypto market to more exotic coins, it could also signal that new money is coming in.<\/p>\n

Internet users turn to Google to learn more about a topic, which could suggest that these are new investors seeking to learn more about the asset class.<\/p>\n

\"bitcoin<\/p>\n

BTC.D Daily | Source: TradingView<\/a><\/pre>\n
Interestingly, the only higher search volume was during the second 2020 high in BTC dominance. The peak in altcoin searches happened to coincide with what was likely the bottom in alts.<\/p>\n
Related Reading | Crypto Asset Goes Viral, As TikTok Users Plan Coordinated Pump<\/a><\/strong><\/em><\/p>\n
Although the surge in search interest surrounding the topic is positive, it is nowhere near the levels of the crypto bubble.<\/p>\n
Zooming out shows the current levels are not even a blip on the overall Google Trends chart. It’s when search interest reaches similar levels, that the real alt season will be here.<\/p>\n
\"bitcoin<\/p>\n
However, the buzz surrounding crypto assets that aren’t Bitcoin may never return in such a way. High profile investors claim that it won’t be as easy to make money in the next bull market<\/a>. Others claim altcoins will never revisit all-time highs.<\/p>\n
These theories remain unproven, and the current signs of recovery could eventually prove them to be wrong.<\/p>\n","protected":false},"excerpt":{"rendered":"
All across the cryptocurrency community, there’s buzz once again about an altcoin season. But it may not only be current market participants driving the current surge in altcoins. Google Trends shows that search queries for “altcoins” have reached the second-highest point in all of 2020. What’s this mean for the crypto market? Is Alt Season Upon Us? Crypto Assets Begin To Show Signs of Recovery Altcoins like Chainlink, Tezos, and Compound have been on fire over the last several days. As Bitcoin trades sideways, boredom may be causing a flood of interest to enter the altcoin market. Even long-time crypto market underperformers like XRP are beginning to show signs of a recovery. These alternative crypto assets have suffered for nearly four full years in terms of both USD and BTC value. Altcoin holders who bought the top of the crypto bubble had to watch not only the entire market collapse but Bitcoin rise again without alts. Related Reading | This Leading Altcoin Only Has 8% Chance of Further Decline Against Bitcoin Bitcoin’s 2019 rally left alts in its dust, causing the assets to bleed out on their BTC ratios. Most assets revisited all-time lows in satoshis \u2013 the smallest unit of measurement in Bitcoin. It’s taken all the way until now for alts to show even the smallest glimmer of hope, and it already got the industry talking “alt season.” Altcoin seasons are periods of overperformance against Bitcoin. These phases can result in multi-thousand percent rallies against the leading cryptocurrency by market cap. The current alt season was kickstarted due to a fall in BTC dominance, but it could also be the result of new investors interested in the asset class again.   Google Trends Search Queries For Altcoins Reaches Second Highest Level Of 2020 According to Google Trends data, search queries for “altcoins” have risen to the second-highest level of the year. This could be a sign that not only interest is returning in the crypto market to more exotic coins, it could also signal that new money is coming in. Internet users turn to Google to learn more about a topic, which could suggest that these are new investors seeking to learn more about the asset class. BTC.D Daily | Source: TradingView Interestingly, the only higher search volume was during the second 2020 high in BTC dominance. The peak in altcoin searches happened to coincide with what was likely the bottom in alts. Related Reading | Crypto Asset Goes Viral, As TikTok Users Plan Coordinated Pump Although the surge in search interest surrounding the topic is positive, it is nowhere near the levels of the crypto bubble. Zooming out shows the current levels are not even a blip on the overall Google Trends chart. It’s when search interest reaches similar levels, that the real alt season will be here. However, the buzz surrounding crypto assets that aren’t Bitcoin may never return in such a way. High profile investors claim that it won’t be as easy to make money in the next bull market. Others claim altcoins will never revisit all-time highs. These theories remain unproven, and the current signs of recovery could eventually prove them to be wrong.<\/p>\n","protected":false},"author":517,"featured_media":384099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[30232,142,428,13510,1119,75754,1144,6664,65296,2219,79607,75941,74937],"class_list":["post-430069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-alt-season","tag-altcoins","tag-bitcoin","tag-bitcoin-dominance","tag-btc","tag-btc-d","tag-btcusd","tag-crypto","tag-ethbtc","tag-google","tag-google-trend","tag-linkbtc","tag-xrpbtc"],"acf":[],"yoast_head":"\nAlt Season: 'Altcoins' Search Volume Surges On Google Trends<\/title>\n<meta name=\"description\" content=\"All across the cryptocurrency community, there's buzz once again about an altcoin season. 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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. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Alt Season: ‘Altcoins’ Search Volume Surges On Google Trends","url":"http:\/\/wncen.com\/news\/alt-season-altcoins-google-trends\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/alt-season-altcoins-google-trends\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-google-shutterstock_746561200.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-google-shutterstock_746561200.jpg?fit=2800%2C1866"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["alt season","altcoins","bitcoin","bitcoin dominance","btc","btc.d","btcusd","crypto","ethbtc","google","google trend","linkbtc","xrpbtc"],"dateCreated":"2020-07-09T01:00:31Z","datePublished":"2020-07-09T01:00:31Z","dateModified":"2020-07-09T01:00:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Alt Season: ‘Altcoins’ Search Volume Surges On Google Trends\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/alt-season-altcoins-google-trends\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/alt-season-altcoins-google-trends\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin-price-google-shutterstock_746561200.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin-price-google-shutterstock_746561200.jpg?fit=2800%2C1866\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"alt season\",\"altcoins\",\"bitcoin\",\"bitcoin dominance\",\"btc\",\"btc.d\",\"btcusd\",\"crypto\",\"ethbtc\",\"google\",\"google trend\",\"linkbtc\",\"xrpbtc\"],\"dateCreated\":\"2020-07-09T01:00:31Z\",\"datePublished\":\"2020-07-09T01:00:31Z\",\"dateModified\":\"2020-07-09T01:00:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-google-shutterstock_746561200.jpg?fit=2800%2C1866","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/430069"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=430069"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/430069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/384099"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=430069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=430069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=430069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}