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As the altcoin season gradually takes shape amid Bitcoin’s price stability around the $97K level, global interest in “altcoins” is now reaching a fever pitch. Data from Google Trends shows that searches for “altcoins” have reached the highest possible popularity score of 100 within the first four days of December.
Historical Trends in “Altcoin” Popularity
In November, search interest in “altcoins” initially climbed to a score of 93, then dropped to 56 mid-month. This mirrored the crypto market’s reaction to Donald Trump’s November 5 presidential victory announcement, which coincided with Bitcoin’s all-time high.
Despite a temporary cooling period, altcoin-related searches rebounded alongside Bitcoin’s stabilization in the $90,000 range. Even when Bitcoin reached a peak in March, with some altcoins following suit, the search interest in altcoins was at a score of 72, which is still significant. The last time a comparable peak popularity of 100 was recorded wasn’t during the last bull cycle of 2021, but rather during the 2016/2017 cycle. This trend lasted for several months before eventually waning.
Analysts suggest the spike in altcoin searches reflects growing participation from retail investors, a key driver of cryptocurrency price increases. This influx of activity highlights a growing appetite for alternative assets in the current bull market cycle.
Top Gainers in the Altcoin Market
Several altcoins have shown remarkable performance during this trend. Among them are XRP and XLM, which have seen 450% growth month-to-date but still trade below their all-time highs. Other trending coins include Binance Coin (BNB) and Tron (TRX), both of which broke their all-time highs today.
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