Data shows social media mentions related to &#8220;altseason&#8221; have hit a low 
recently, something that has often been relevant for Dogecoin in the past. 
Altseason Social Volume Has Plummeted In a new post on X, analytics firm 
Santiment has talked about the latest trend in the Social Volume of 
&#8220;altseason.&#8221; The Social Volume refers to an indicator that tracks the weekly 
total number of posts/messages/threads on the major social media platforms 
that contain mentions of a given term or topic. Related Reading: Solana’s Next 
Major Support Levels Sit At $50, $22, And $10: Analyst Since Santiment has 
filtered the metric for altseason here, its value would provide a look into 
the amount of comments that are discussing the possibility of an altcoin 
season. As the below chart shows, this indicator&#8217;s value has declined 
recently, indicating that interest in the altcoin market has gone down. In the 
same graph, the analytics firm has also attached the data for the Dogecoin 
price. Santiment&#8217;s reasoning behind doing so is that &#8220;&#8216;altseason&#8217; is 
synonymous with FOMO and greed toward more speculative, emotionally driven 
assets like $DOGE, meme coins, or hyper-volatile and often mid to lower cap 
altcoins.&#8221; As such, the Social Volume of the term altseason can contain hints 
about interest around DOGE itself. Historically, digital asset markets have 
often tended to be affected by the sentiment among the retail crowd. The 
relationship between the two, however, has generally been an inverse one, 
meaning that hype can lead to tops while despair to bottoms. This same pattern 
has emerged in this chart as well. It would appear that a high value on the 
altseason Social Volume has been bearish for Dogecoin during the last two 
years, while low levels have acted as local bottom signals. With the recent 
decline in the altseason Social Volume, its value has dropped to an extreme 
low. Considering the past pattern, it&#8217;s possible that this market disinterest 
could allow the memecoin to rebound. It only remains to be seen, however, how 
Dogecoin and other altcoins will develop in the near future. Santiment has 
cautioned that the metric isn&#8217;t a perfect trading signal, noting that 
&#8220;disinterest in altcoins doesn&#8217;t always necessarily justify an imminent alt 
surge.&#8221; Related Reading: Bitcoin LTH Selling Cools: Is Months-Long 
Distribution Finally Ending? In related news, social media sentiment related 
to Bitcoin saw a sharp surge just before the asset&#8217;s Monday rally to levels 
near $70,000, as the analytics firm has highlighted in another X post. While 
Bitcoin initially rallied, that specific run fizzled out, which could be a 
potential consequence of it being fueled by retail greed. DOGE Price At the 
time of writing, Dogecoin is floating around $0.093, down 1% in the last seven 
days. Featured image from Dall-E, chart from TradingView.com

Altseason Mentions Hit Extreme Lows: Is Dogecoin About To Benefit?

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