- Google search interest for altcoin hit its highest level since 2021.
- This marks a bullish signal for altseason’ peak phase to arrive soon.
- Several altcoin ETF approval could come through soon, further boosting altcoin sentiment.
With the price of ETH nearing its previous ATH target and the price of several altcoin assets also pumping steadily and swiftly, expectations for the altseason peak phase to arrive have grown stronger. Amidst this burst in interest, Google search interest for altcoin hits its highest level since 2021. With Google experiencing a surge in interest for the phrase ‘altcoin’, the crypto community claims it a bullish signal for altseason’s arrival.
Google Search Interest for Altcoin Hits Highest Level Since 2021
Expectations for altseason have grown to its peak, and altcoins are mirroring the crypto community and market’s sentiment. Since before the bull cycle, several altcoins have been showing consistent bullish indicators on their respective price charts, with many promising altcoins building up to break out of a climactic explosive pump pattern. So far, only a handful of new altcoins have set new ATH prices.
Despite that fact, these altcoins are expected to continue to pump during altseason and set new and much higher ATHs ahead. Meanwhile, most legacy altcoins have yet to reclaim their previous ATH prices, let alone set new ATH prices. However, they have been steadily pumping, following Ethereum’s lead, and are expected to go on to set new ATH prices of their own in the coming days ahead.
This bull cycle’s altseason peak phase was delayed due to Bitcoin’s early pump. While the crypto community was waiting for altseason to hit in Q1, they saw a prolonged correction phase instead. Ultimately, this allowed ETH to bottom and brought the crypto market into a much healthier state. Since the, the crypto market has been on the up and up, with BTC setting new ATH prices, and ETH and altcoins inching closer to their precious ATH prices.
As we can see from the post above, Google search interest for the phrase ‘altcoin’ has experienced hitting its highest level since 2021. This marks a very bullish signal for the imminent arrival of altseason. Besides the rising prices and the high anticipation for altseason, another factor that could have led to the Google search for ‘altcoin’ increasing exponentially could be coming from altcoins waiting for ETF approval.
Cardano ETF Set for Approval in Q4
As we can see from the post above, NovaDius Wealth Management President, Nate Geraci, reveals multiple ETF filings for altcoins ADA, HBAR, SOL, and XRP. He then states that there are high expectations that a standardized crypto framework will arrive within two months. In particular, for Cardano ETF, expectations are that it will be approved by Q4. If a wave of approvals comes through, then these altcoins could see an explosive pump in price and value.
