According to the Arcane Research report, the interest of investors in cryptocurrency has grown to the highest values this summer. Since January 2018 this is the highest level of interest in cryptocurrency market, which may be the good reason for new investors in the market. The amount of searches for the phrase “buy crypto” has skyrocketed in recent months.
The situation is different with the “buy bitcoin” request. On the eve of the halving held in May, its frequency grew rapidly, followed by a decline.
The frequency of the “buy altcoins” request rose sharply by August. In a short period of time, this indicator has updated the record since the beginning of 2018. Analysts admit that this may indicate the beginning of the altcoin season.
Amid increased interest in altcoins, the bitcoin dominance index, according to CoinGecko, dropped below 58%. A year ago this figure reached 69%.
Recall that last week, Arcane Research researchers drew attention to the growth in trading volumes of a number of altcoins, while the bitcoin indicator showed a decline.