Crypto analytics firm Alphractal suggests that the excitement surrounding cryptocurrencies may be waning. Despite high Bitcoin dominance and many altcoins trading at historical lows, the firm points to indicators suggesting low public interest. Their analysis highlights: Google search trends remain flat compared to past market peaks, Wikipedia searches for cryptocurrency haven’t reached previous cycle levels, Reddit discussions about crypto are weak in comparison to 2021’s hype, and participation on 4chan, a prominent forum for crypto discussion, has declined. Alphractal believes this suggests the public is likely unaware of crypto’s complexities rather than well-informed. The firm leans towards a lack of demand for information being the primary factor. They conclude that public enthusiasm for crypto was less intense in 2024 compared to previous cycles and that the anticipated market euphoria hasn’t materialized yet. However, they remain cautiously optimistic about a potential surge in interest within the coming months. Further analysis suggests that if a significant rally occurs, potentially by early 2025, it could lead to a noticeable rise in search activity and public awareness.