October 21, 2020

Report: interest in altcoins is growing

Report: interest in altcoins is growing

Arcane Research claims that interest in cryptocurrency has peaked since January 2018.

In his a report based on Google Trends data,The cryptanalytic company noted the rapid growth of requests for "buy crypto" (buy cryptocurrency). According to analysts, this may indicate the arrival of new traders and investors on the market.

Report: interest in altcoins is growing

At the same time, altcoins maintain a reputation quicklygrowing assets and are more popular than the first cryptocurrency, once again pointing to the possible start of the "altcoin season". It was predicted last month by trading veteran and cryptanalyst Peter Brandt and Binance CEO Changpeng Zhao.

Meanwhile, the number of Bitcoin requestsis decreasing, as is the share of bitcoin in the cryptocurrency market. In September last year, the share of BTC was 69.9%, according to Coinmarketcap, the share of the flagship cryptocurrency is now 59.2%.

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