{"id":455754,"date":"2021-02-02T01:00:07","date_gmt":"2021-02-02T01:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=455754"},"modified":"2024-06-11T14:13:04","modified_gmt":"2024-06-11T14:13:04","slug":"altcoin-season-is-here-buy-crypto-surpases-bitcoin-searches-on-google","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/altcoin-season-is-here-buy-crypto-surpases-bitcoin-searches-on-google\/","title":{"rendered":"Altcoin Season Is Here: &#8220;Buy Crypto&#8221; Surpases Bitcoin Searches On Google"},"content":{"rendered":"<p>Ever since Bitcoin broke above its peak at $20,000 and <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-reclaims-40000-as-powell-rubbishes-taper-tantrum-woes\/\">roared higher by another $20,000<\/a>, altcoins have awakened from their long crypto winter slumber. Ethereum set a new all-time high, and now tokens across the market are starting to follow.<\/p>\n<p>Further confirmation that an altcoin season is finally upon us, is cemented by searches for &#8220;buy crypto&#8221; suddenly beating similar searches for &#8220;buy Bitcoin&#8221; on Google Trends. Here&#8217;s why this is happening and why it is only the beginning of the altcoin boom.<\/p>\n<h2>Google Trends Data Shows Interest Is Moving Away From Bitcoin<\/h2>\n<p>Once upon a time, there was only Bitcoin. After Satoshi Nakamoto&#8217;s creation began to catch wind, like-minded developers got to work at bringing their own vision of blockchain and cryptocurrency to the world.<\/p>\n<p><a href=\"https:\/\/wncen.com\/news\/coinmarketcap-adds-new-features-following-major-quarterly-update\/\">According to CoinMarketCap<\/a>, there are over 8000 recognized altcoins currently trading. Aside from Bitcoin, Ethereum is the top-ranked altcoin. Investors are now looking at assets beyond the top two, according to Google Trends.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/altcoin-expert-buy-crypto-that-holds-up-during-bitcoin-breakdown\/\">Altcoin Expert: Buy Crypto That Holds Up During Bitcoin Breakdown<\/a><\/strong><\/em><\/p>\n<p>Search queries for &#8220;buy Bitcoin&#8221; have long been in the lead, but starting with<a href=\"https:\/\/wncen.com\/news\/dogecoin-doge-up-20-on-the-day-after-elon-musk-tweet\/\"> the recent Dogecoin pump<\/a>, altcoin season appears to have been ignited.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-455757 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-01-at-4.04.07-PM.png?resize=860%2C588\" alt=\"litecoin bitcoin buy crypto google trends\" width=\"860\" height=\"588\"><\/p>\n<pre style=\"text-align: center\">Searches for \"buy crypto\" are now beating \"buy Bitcoin | Source:<a href=\"https:\/\/trends.google.com\/trends\/explore?date=today%201-m&amp;geo=US&amp;q=buy%20crypto,buy%20bitcoin\" target=\"_blank\" rel=\"noopener nofollow\"> Google Trends<\/a><\/pre>\n<p>Now, &#8220;buy crypto&#8221; dominates the most dominant cryptocurrency by market cap in search queries according to the <a href=\"https:\/\/trends.google.com\/trends\/explore?date=today%201-m&amp;geo=US&amp;q=buy%20crypto,buy%20bitcoin\" rel=\"nofollow\">search giant&#8217;s tracking metrics<\/a>.<\/p>\n<p>Google Trends for Bitcoin itself beginning to turn down could have even <a href=\"https:\/\/wncen.com\/news\/alt-season-altcoins-google-trends\/\">acted as a preemptive indicator<\/a> for its pullback. And now that &#8220;buy crypto&#8221; is blossoming beyond the interest for Bitcoin, could this also be an indicator of what&#8217;s to come?<\/p>\n<h2>Be Careful If You &#8220;Buy Crypto,&#8221; Altcoins Carry Significant Risk<\/h2>\n<p>The allure of looking for the next &#8220;Bitcoin&#8221; and not having to pay $42,000 a coin is a powerful motivator. During last <a href=\"https:\/\/wncen.com\/analysis\/btc\/heres-the-line-separating-bitcoin-dominance-from-altcoin-season\/\">altcoin season<\/a> crypto assets pumping by 1,000% or more in a single day wasn&#8217;t uncommon. The money made brought in speculators by the thousands, who flocked to exchanges like Binance, Coinbase, and more.<\/p>\n<p>For those considering rolling the dice on any altcoins in the market beyond Ethereum, be certain to have a strategy in mind. While the peak of the current frenzy might not be anywhere close, <a href=\"https:\/\/wncen.com\/news\/bitcoin\/elliott-wave-altcoin-bitcoin-dominance\/\">they are often only recognized in hindsight<\/a>.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-455756 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/litecoin-bitcoin-buy-crypto.png?resize=860%2C398\" alt=\"litecoin bitcoin buy crypto\" width=\"860\" height=\"398\"><\/p>\n<pre style=\"text-align: center\">Litecoin, for example, remains down nearly 70% from its peak, almost four years later | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">LTCUSD on TradingView.com<\/a><\/pre>\n<p>Those who bought in during the last phase of FOMO were left holding heavy and expensive bags for three or more years. Many altcoins, while exploding in ROI recently, still remain down <a href=\"https:\/\/wncen.com\/all\/tron-trx-may-remain-under-pressure-until-q2-2019\/\">from their former all-time highs<\/a>. Even assets like Ethereum which have value and are in wide usage, have only just peaked their head above former records.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/heres-the-line-separating-bitcoin-dominance-from-altcoin-season\/\">Here\u2019s The Line Separating Bitcoin Dominance From Altcoin Season<\/a><\/strong><\/em><\/p>\n<p>Risk in the overall market is high currently due to <a href=\"https:\/\/wncen.com\/analysis\/btc\/whales-and-miners-face-off-against-elon-musk-bitcoin-fomo-robinhood-retail\/\">the face off between Main Street and Wall Street<\/a>, and regulators might step in to play referee. The reaction this could cause could be especially harmful to speculative assets like altcoins, so &#8220;buy crypto&#8221; with caution.<\/p>\n<pre>Featured image from Deposit Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Ever since Bitcoin broke above its peak at $20,000 and roared higher by another $20,000, altcoins have awakened from their long crypto winter slumber. Ethereum set a new all-time high, and now tokens across the market are starting to follow. Further confirmation that an altcoin season is finally upon us, is cemented by searches for &#8220;buy crypto&#8221; suddenly beating similar searches for &#8220;buy Bitcoin&#8221; on Google Trends. Here&#8217;s why this is happening and why it is only the beginning of the altcoin boom. Google Trends Data Shows Interest Is Moving Away From Bitcoin Once upon a time, there was only Bitcoin. After Satoshi Nakamoto&#8217;s creation began to catch wind, like-minded developers got to work at bringing their own vision of blockchain and cryptocurrency to the world. According to CoinMarketCap, there are over 8000 recognized altcoins currently trading. Aside from Bitcoin, Ethereum is the top-ranked altcoin. Investors are now looking at assets beyond the top two, according to Google Trends. Related Reading | Altcoin Expert: Buy Crypto That Holds Up During Bitcoin Breakdown Search queries for &#8220;buy Bitcoin&#8221; have long been in the lead, but starting with the recent Dogecoin pump, altcoin season appears to have been ignited. Searches for &#8220;buy crypto&#8221; are now beating &#8220;buy Bitcoin | Source: Google Trends Now, &#8220;buy crypto&#8221; dominates the most dominant cryptocurrency by market cap in search queries according to the search giant&#8217;s tracking metrics. Google Trends for Bitcoin itself beginning to turn down could have even acted as a preemptive indicator for its pullback. And now that &#8220;buy crypto&#8221; is blossoming beyond the interest for Bitcoin, could this also be an indicator of what&#8217;s to come? Be Careful If You &#8220;Buy Crypto,&#8221; Altcoins Carry Significant Risk The allure of looking for the next &#8220;Bitcoin&#8221; and not having to pay $42,000 a coin is a powerful motivator. During last altcoin season crypto assets pumping by 1,000% or more in a single day wasn&#8217;t uncommon. The money made brought in speculators by the thousands, who flocked to exchanges like Binance, Coinbase, and more. For those considering rolling the dice on any altcoins in the market beyond Ethereum, be certain to have a strategy in mind. While the peak of the current frenzy might not be anywhere close, they are often only recognized in hindsight. Litecoin, for example, remains down nearly 70% from its peak, almost four years later | Source: LTCUSD on TradingView.com Those who bought in during the last phase of FOMO were left holding heavy and expensive bags for three or more years. Many altcoins, while exploding in ROI recently, still remain down from their former all-time highs. Even assets like Ethereum which have value and are in wide usage, have only just peaked their head above former records. Related Reading | Here\u2019s The Line Separating Bitcoin Dominance From Altcoin Season Risk in the overall market is high currently due to the face off between Main Street and Wall Street, and regulators might step in to play referee. The reaction this could cause could be especially harmful to speculative assets like altcoins, so &#8220;buy crypto&#8221; with caution. Featured image from Deposit Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":455759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[25731,142,428,1119,1144,78790,6664,4524,76835],"class_list":["post-455754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin-season","tag-altcoins","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Altcoin Season Is Here: &quot;Buy Crypto&quot; Surpases Bitcoin Searches On Google<\/title>\n<meta name=\"description\" content=\"Ever since Bitcoin broke above its peak at $20,000 and roared higher by another $20,000, altcoins have awakened from their long crypto winter slumber.\" \/>\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\/altcoin-season-is-here-buy-crypto-surpases-bitcoin-searches-on-google\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoin Season Is Here: &quot;Buy Crypto&quot; Surpases Bitcoin Searches On Google\" \/>\n<meta property=\"og:description\" content=\"Ever since Bitcoin broke above its peak at $20,000 and roared higher by another $20,000, altcoins have awakened from their long crypto winter slumber.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/altcoin-season-is-here-buy-crypto-surpases-bitcoin-searches-on-google\/\" \/>\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=\"2021-02-02T01:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:13:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/google-trends-bitcoin-buy-crypto-Depositphotos_331640828_xl-2015-scaled.jpg?fit=2560%2C1878\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1878\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. 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. 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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. 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