Altcoin Season Is Finally Here, Google Trends Data Reveals a Spike in Global Searches

After a long wait, altcoin season is finally here, with Google Trends data revealing a spike in global searches for these cryptocurrencies.

A recent analysis of Google Trends data by BeInCrypto has uncovered a surging interest in altcoins, with global searches reaching levels last seen during the 2021 bull run. This development aligns with the broader narrative of an altcoin season, supported by several key indicators.

According to Google Trends, altcoin searches attained a score of 90 worldwide, indicating exceptionally high interest in these cryptocurrencies. This metric is assigned on a scale of 0 to 100, where lower values signify declining search popularity and higher values indicate peak search interest.

During the 2021 bull market, altcoin searches reached a maximum score of 95, coinciding with a period of substantial gains for many altcoins.

Now, as altcoins like BNB and Tron (TRX) set new all-time highs and others approach similar milestones, the pattern appears to be repeating. Several analysts have also highlighted the strength of altcoins relative to Bitcoin (BTC) in recent months.

Technical analyst Mr. Anderson, known for his focus on altcoin performance, emphasizes their relative strength to BTC over their performance against the US Dollar, highlighting that a true altcoin season is characterized by altcoins performing well against BTC, not fiat currencies.

This perspective aligns with the observations in the market, where several altcoins, including Fanton (FTM), Filecoin (FIL), and Cardano (ADA), have outperformed BTC significantly in the past 30 days.

While some altcoins, like Solana (SOL), have encountered difficulties, others, such as FTM, continue to soar. As a result, the narrative of an altcoin season remains intact.

Prominent analysts like Benjamin Cowen of IntoTheCryptoverse also anticipate the strength of altcoins to persist. Cowen's analysis suggests that altcoins might continue to outpace Bitcoin even in 2025.

Additionally, the Altcoin Season Index, which evaluates the performance of the top 50 cryptocurrencies relative to BTC over 90 days, further supports this trend.

When at least 75% of these assets outperform BTC, an altcoin season is confirmed. Recently, BeInCrypto reported that 38 of the top 50 altcoins had outperformed BTC, although that number has since decreased to 36.

However, such pullbacks are typically encountered within an altcoin season and do not negate its broader narrative.

From a technical perspective, the TOTAL3 chart, which measures the combined market capitalization of all altcoins excluding ETH, offers further insight into the ongoing altcoin season.

Currently, TOTAL3 is valued at $1.08 trillion, indicating strength in the broader altcoin market.

Additionally, the Parabolic Stop and Reverse (SAR) indicator, which identifies support or resistance levels, is positioned below the market value, suggesting bullish momentum. This setup could lead to a continued rise in the altcoin market.

However, a surge in Bitcoin’s price and a resurgence in BTC dominance could stall this altcoin season's progress.