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HomeCryptocurrencyFasten Your Seat Belts: The Altcoin Rally Is Accelerating!

Fasten Your Seat Belts: The Altcoin Rally Is Accelerating!

According to data from Google Trends, the altcoin rally is gaining momentum by the day.

After a long wait altcoin The season has finally begun. According to data from Google Trends, worldwide interest in altcoins has reached record levels seen in the bull market of 2021. This surge in interest in cryptocurrencies BitcoinThis happened when (BTC) broke above $100,000.

altcoin

In October, the worldwide Google Trends score for altcoins was 11. The numbers next to terms in the Google Trends chart indicate the total search volume for those terms. A line where search volume decreases (closer to 0) indicates that the term’s popularity is decreasing.

On the other hand, if the Google Trends score is close to 100, it indicates that search interest in the term is peaking. Currently, searches for “altcoin” indicate high interest, around 100 points worldwide. This type of interest was last seen in the 2021 bull market. At that time, many cryptocurrencies reached all-time highs.

Developments That Make Altcoin Investors Happy

From a technical perspective, the TOTAL3 chart shows positive signs for the ongoing bull season. Currently, TOTAL3 has grown to $1.08 trillion, which shows the strength of the altcoin market. Additionally, the Parabolic Stop and Reverse (SAR) indicator is a tool used to determine support or resistance levels, below the market value.

This development indicates a strong bull season and the market is expected to continue to grow. However, the rise in the price of Bitcoin and the renewed dominance of BTC in the market may upset the majority of crypto investors, even if only for a short time.

This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.

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