As the altcoin season gradually takes shape against the backdrop of Bitcoin's price stability around $97,000, global interest in 'altcoins' is currently reaching a peak of popularity. Google Trends data shows that search queries for 'altcoins' have reached the maximum possible popularity score of 100 during the first four days of December.
In November, interest in searching for 'altcoins' initially rose to 93, then fell to 56 by mid-month. This reflected the cryptocurrency market's reaction to the announcement of Donald Trump's victory in the presidential election on November 5, which coincided with Bitcoin's all-time high.
Despite a temporary cooling-off period, searches related to altcoins have recovered along with Bitcoin stabilizing around $90,000. Even when Bitcoin peaked in March, and some altcoins followed suit, the interest in searching for altcoins was at 72, which is still significant. The last comparable peak popularity of 100 was recorded not during the last bull cycle of 2021, but rather during the 2016/2017 cycle. #2024withBinance
