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 “buy crypto” suddenly beating similar searches for “buy Bitcoin” on Google Trends. Here’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’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
Searches for "buy crypto" are now beating "buy Bitcoin | Source: Google Trends
Now, “buy crypto” dominates the most dominant cryptocurrency by market cap in search queries according to the search giant’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 “buy crypto” is blossoming beyond the interest for Bitcoin, could this also be an indicator of what’s to come?