On August 14, Google Trends showed that the global trend keyword "Altcoin" is expected to rise to a comparison value of 100 points, reaching a new high since the 92-point mark in January 2018.
Seven-Year Search Intensity New High
Over the past seven years, the Google Trends index approaching 70 points has been accompanied by significant Altcoin fluctuations. This time reaching 77 points indicates that investors' attention is once again focused on small cryptocurrencies. Compared to the 2018 ICO boom and the 2021 DeFi and Non-Fungible Token peak, historical experience shows that search volume often precedes price movements.
However, it is worth noting that the top four source countries for this month's search intensity are African nations.
Capital Rotation Signal Emerges
When BTC market capitalization dominance falls to the 59% to 61% range, it is generally interpreted as capital flowing from "BTC" to "small coins". With Bitcoin exceeding $120,000 and Ethereum breaking $4,500, high-beta Altcoins are attracting more risk-seeking funds. This may trigger multiple hedge funds and market makers to start adjusting their positions.
According to CoinMarketCap's Altcoin index, today's reading is 41/100, indicating that while the total Altcoin fund volume exceeds 1.7 trillion, the index statistics are not overheated.
