Cryptocurrency analytics firm Alphractal and its CEO, Joao Wedson, have released a new analysis containing some noteworthy findings for investors. The report suggests that social interest in the cryptocurrency market remains low, but this could indicate that there are still strategic buying opportunities in the market.
Analyzing data sources like Google Trends and Wikipedia page views, Alphractal noted that despite Bitcoin trading above $117,000 and many altcoins recovering from their lows, global curiosity and search interest remains limited:
“Social interest in crypto remains low, which could actually be a good sign. Excessive enthusiasm hasn't kicked in yet, suggesting strategic opportunities are still on the table before the FOMO wave kicks in.”
The company's CEO, Joao Wedson, pointed out that this silence stems from the nature of the market cycle. He stated that currently, many investors still don't believe what's happening in the market, and that skepticism, particularly about the start of an altcoin season, is prevalent.
*This is not investment advice.
