Altcoin Season: Blink and You Missed It? 🙄

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Right. So, “altcoins” were apparently *the* thing to Google recently, hitting some sort of All-Time-High. Which, naturally, lasted approximately five minutes. Honestly, it’s all a bit exhausting, isn’t it? One minute it’s mooning, the next it’s
 not. Like a disastrous first date, really. đŸ€Šâ€â™€ïž

Which begs the question: was this entire “altcoin season” just a very elaborate collective hallucination? Seriously.

Altcoin Season Hype Fizzles Faster Than My Dating Life

Everyone seems to treat Google Trends like some sort of mystical oracle predicting crypto riches. Apparently, when people *start* Googling something, money magically appears. Makes perfect sense. đŸ€” Though, frankly, my Google searches for “how to win the lottery” haven’t exactly yielded results


Anyway, August was a particularly confusing month. Google Trends in the US showed a huge spike in “altcoin” searches. A *massive* spike. And then
 it just vanished. Like a perfectly good avocado. Gone. đŸ„‘

And it wasn’t just the US, obviously. Globally, searches peaked at 100 (so dramatic!) and then plummeted to a measly 16. The same happened with “alt season” and all the usual suspects. It was all very
 “pump and dump”-y, as someone rather eloquently put it.

“Alt season Google searches pumped and dumped faster than a bundled memecoin,” Mario Nawfal’s Roundtable observed. Honestly, the accuracy is almost frightening.

The market cap of everything-but-Bitcoin (TOTAL3) did a similar little dance, going up slightly, then coming straight back down. Because of course it did. It’s just…consistent, isn’t it? 🙄

Still, there are optimists. Cyclop, whoever *that* is, thinks the spike actually means something good! Apparently, it’s “mainstream” now. Which is
 reassuring? I suppose? Though, honestly, if “mainstream” involves this much volatility, I’m quite happy to observe from a safe distance, thank you very much.

“That altcoin spike just means interest is higher than in 2021 – but probably because there are 1000x more coins now, and ‘altcoin’ became the common word. Back then, people just said ‘crypto.’ So I think this basically just shows that interest is starting to pick up – but it doesn’t mean we’ve hit the peak,” Cyclop declared. Such conviction! I admire it, truly.

Apparently, we’re all just using AI now, which is why Google Trends might be a bit useless. And also, people are getting too sophisticated to Google basic terms like “altcoin.” Which, again, is
 progress, I guess? Though, I still Google “where did I put my keys” approximately 17 times a day.

A Thoroughly Disappointing Altcoin Season in August

Some altcoins did okay, but most were, shall we say, underperforming. Only Ethereum, exchange tokens, and oracles managed to actually *do* something. The rest? Let’s just say they’re probably updating their resumes.

ETH got a boost from some company or other, BNB and OKB did their exchange token thing, and Chainlink’s price surged. But basically, it wasn’t the glorious altcoin apocalypse we were promised. 😔

Sandeep, the Polygon CEO, has a rather gloomy prediction for the future. Apparently, future altcoin seasons will involve *fewer* tokens doing well. Because people are finally realizing that marketing isn’t the same as actual value. A novel concept, one might think.

“Here’s what this tells me: retail is searching, but institutions aren’t buying the narratives yet. Old altcoin seasons were driven by speculation and promises and narratives and marketing. Institutional money is smarter money. It cares about real utility and cash flows. The next “alt season” won’t look like 2017 or 2021. It’ll be fewer tokens with actual usage, not just tokens with better marketing.” Sandeep pontificated. Harsh, but fair? Probably.

Still, Coinbase and Pantera Capital are optimistically predicting a new altcoin season as early as September. Which is
 nice. I’m sure we’re all holding our breath. (Not really. I’m making tea.)

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2025-08-21 12:53