According to Odaily, recent data from Google Trends reveals a significant increase in interest in 'altcoins' following the election victory of Donald Trump. This surge began in early November, with search volumes nearing a peak value of 100. This marks a notable reversal from the period between January 2022 and November 2023, when interest had plummeted to a five-year low of 5, before rebounding to 21 in December 2023.
In addition, the Altcoin Season Index on CoinMarketCap rose to 89 on Wednesday, indicating a growing market share for altcoins compared to Bitcoin. This index monitors the performance of the top 100 cryptocurrencies by market capitalization over a 90-day period, excluding stablecoins and wrapped tokens. An index value above 75 confirms the onset of an altcoin season.
