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FOMO Isn’t Here Yet! Here’s What That Means for the Altcoin Cycle
Bitcoin is taking a breather, and with it, the altcoin market is facing an uncertain future. The recent decline in search interest for “alt season” has sparked concerns among investors about the possibility of another cycle unfolding. But what does this mean for the altcoin cycle?
At first glance, the numbers don’t look promising. Google search interest for “alt season” has plummeted by 50% in just a week, a stark contrast to the previous cycles. This sudden drop in interest suggests that fear of missing out (FOMO) hasn’t taken hold yet. The question on everyone’s mind is whether this divergence will mark the end of the current bear market or if it signals an impending downturn.
Historically, altcoin rotations have been fueled by FOMO-induced panic buying. However, in the absence of such a phenomenon, investors must consider alternative scenarios. One possibility is that investor appetite for risk will continue to remain subdued, allowing Bitcoin to reassert its dominance in the market.
Source: ambcrypto.com
