Crypto News

Altcoin Season Is Here: “Buy Crypto” Surpases Bitcoin Searches On Google

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

Search queries for “buy Bitcoin” have long been in the lead, but starting with the recent Dogecoin pump, altcoin season appears to have been ignited.

litecoin bitcoin buy crypto google trends

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?

Be Careful If You “Buy Crypto,” Altcoins Carry Significant Risk

The allure of looking for the next “Bitcoin” and not having to pay $42,000 a coin is a powerful motivator. During last altcoin season crypto assets pumping by 1,000% or more in a single day wasn’t uncommon. The money made brought in speculators by the thousands, who flocked to exchanges like Binance, Coinbase, and more.

For those considering rolling the dice on any altcoins in the market beyond Ethereum, be certain to have a strategy in mind. While the peak of the current frenzy might not be anywhere close, they are often only recognized in hindsight.

litecoin bitcoin buy crypto

Litecoin, for example, remains down nearly 70% from its peak, almost four years later | Source: LTCUSD on TradingView.com

Those who bought in during the last phase of FOMO were left holding heavy and expensive bags for three or more years. Many altcoins, while exploding in ROI recently, still remain down from their former all-time highs. Even assets like Ethereum which have value and are in wide usage, have only just peaked their head above former records.

Related Reading | Here’s The Line Separating Bitcoin Dominance From Altcoin Season

Risk in the overall market is high currently due to the face off between Main Street and Wall Street, and regulators might step in to play referee. The reaction this could cause could be especially harmful to speculative assets like altcoins, so “buy crypto” with caution.

Featured image from Deposit Photos, Charts from TradingView.com

How useful was this post?

Click on a star to rate it!

As you found this post useful...

Follow us on social media!

Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of CoinChapter and CoinChapter does not assume any responsibility or liability for the same.

(This story has not been edited by CoinChapter staff and is auto-generated from a syndicated feed.)
0 Comments
Inline Feedbacks
View all comments
CoinChapter

Founded in 2015, Coinchapter.com has become one of the leading resources for the crypto asset community. Created by a small group of cryptocurrency enthusiasts, Coinchapter.com was built to provide new members of the crypto asset community with unbiased listings of cryptocurrency exchanges and retail options that would allow them to buy the crypto assets that they wanted, how they wanted and at the price they wanted.

Related Crypto News

Binance’s BNB Coughs Out Massive Intraday Gains as Bitcoin Recovers
BNB pared a huge portion of the losses it faced earlier this week amid a broader recovery across the...
Brave To Add DEX Aggregator, NTF Wallet In Next Browser
Privacy-focused web browser Brave plans to launch a new NFT wallet that will integrate DEX aggregator with non-fungible token...
MicroStrategy Purchases Additional 19,452 Bitcoin Valued At Over $1 Billion
Business intelligence firm MicroStrategy announced that it has increased its Bitcoin holdings by 27% after purchasing an additional 19,452...
Make Following Crypto Easy On Your Coinbench HomePage
With the crypto industry growing at a massive rate, it is becoming more and more difficult to keep up...
Square Invests Another $170 Million In Bitcoin
Surging interest in trading among Square Cash App customers helped revenue more than double in the fourth quarter. The...
Bitcoin Eyes Major Price Rebound as MicroStrategy Buys Another $1.026bn BTC
Bitcoin (BTC/USD) inched higher on Wednesday on prospects of Square's $700 million investment into the cryptocurrency in the previous...

Featured Crypto News

Binance’s BNB Coughs Out Massive Intraday Gains as Bitcoin Recovers
BNB pared a huge portion of the losses it faced earlier this week amid a broader recovery across the...
Brave To Add DEX Aggregator, NTF Wallet In Next Browser
Privacy-focused web browser Brave plans to launch a new NFT wallet that will integrate DEX aggregator with non-fungible token...
MicroStrategy Purchases Additional 19,452 Bitcoin Valued At Over $1 Billion
Business intelligence firm MicroStrategy announced that it has increased its Bitcoin holdings by 27% after purchasing an additional 19,452...
Square Invests Another $170 Million In Bitcoin
Surging interest in trading among Square Cash App customers helped revenue more than double in the fourth quarter. The...
MicroStrategy’s Michael Saylor Believes Bitcoin Will One Day Reach A $100 Trillion Market Value
The price of Bitcoin fell below $50,000 on Tuesday, taking its market value back below $1 trillion. Just last...
Northern Data Bitcoin Mining Operator Considering $500 Million IPO
Northern Data AG, the world’s largest Bitcoin mining operator. Is reportedly working with Credit Suisse AG on plans for...