Google Search Shows Decline in ‘Alt Season’ Hype Amidst Crypto Market Correction

Retail investor enthusiasm for alternative cryptocurrencies (altcoins) has cooled, as evidenced by a dramatic drop in Google search activity. The ‘alt season’, characterized by heightened interest in non-Bitcoin cryptocurrencies, has plunged over 50% in just a week. This follows a period of rapid gains in altcoins and coincides with a broader market pullback, leading to questions about the legitimacy of the surge in excitement.