Fasten your seat belts: The altcoin rally is accelerating!

According to Google Trends data, the altcoin rally is accelerating day by day.

After a long wait, the altcoin season has finally begun. According to Google Trends data, interest in altcoins worldwide is approaching record levels seen in the 2021 bull market. This increase in interest in cryptocurrencies occurred immediately after Bitcoin (BTC) rose above $ 100,000.

In October, the worldwide Google Trends score for altcoins was at 11. The numbers next to the terms on the Google Trends chart indicate the total search volume for these terms. A line with decreasing search volume (close to 0) indicates that the term is losing popularity.

On the other hand, if a Google Trends score is close to 100, it indicates that search interest in this term has peaked. On December 5, 2024, searches for “altcoin” worldwide were close to 100 points, indicating high interest. This type of interest was last seen during the 2021 bull market. During that period, many cryptocurrencies reached all-time highs.

From a technical perspective, the TOTAL3 chart is giving positive signals for the ongoing bull season. Currently, TOTAL3 has risen to $ 1.08 trillion, indicating the strength of the altcoin market. In addition, the Parabolic Stop and Reverse (SAR) indicator is a tool used to determine support or resistance levels and is positioned below the market value.

This development indicates a strong bull season and its market is expected to continue to rise. However, a rise in Bitcoin prices and BTC's renewed dominance in the market could upset most crypto investors, albeit for a short time.

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