All articles tagged with #altcoin season
The article discusses the upcoming SEC decisions on 16 altcoin ETFs in October, which could trigger an altcoin season, and highlights DeepSnitch AI as the best crypto presale to buy now for high potential returns before the market heats up.
The increase in social media 'buy the dip' calls following Bitcoin's recent decline may indicate further downside in the crypto market, as traders often buy during fear, which can precede further declines. Despite some signs of recovery in market sentiment and speculation about an upcoming altcoin season, the overall market remains cautious with declining prices and a fear-driven sentiment.
The stablecoin supply on Ethereum has reached an all-time high of $130 billion, driven by increased activity across multiple blockchains and recent U.S. regulatory clarity. This surge in stablecoin liquidity, along with capital rotation from Bitcoin and growing reserves in the U.S., could potentially trigger a new altcoin rally, especially if stablecoin dominance declines further and Bitcoin's dominance continues to fall.
Bitcoin has hit a new all-time high of $124,500, with predictions that its next move could either be a major surge or a pullback as altcoins enter a 'mania' phase, potentially leading to a temporary dip in Bitcoin's price. Experts suggest that after this altcoin rally, Bitcoin may resume its upward trend, especially as Bitcoin dominance declines and DeFi assets gain popularity. The market is at a pivotal point, with significant shifts expected between Bitcoin and altcoins.
Ethereum's price surpassing $4,300 and declining Bitcoin dominance suggest a potential 'flippening,' with experts predicting Ethereum could overtake Bitcoin as the leading cryptocurrency, supported by strong institutional interest and technical indicators, although market sentiment remains cautious with signs of a still Bitcoin-leaning market and ongoing rotation cycles.
A crypto analyst suggests that altcoins may have more room to grow as they surge without significantly impacting Bitcoin's market share, with Bitcoin dominance remaining steady around 64.5%. Despite Bitcoin reaching new highs, altcoins like MemeCore and Stellar have experienced substantial gains, indicating a potential shift towards an altcoin season, although overall market sentiment still favors Bitcoin according to the Altcoin Season Index. Experts believe this could be the final easy phase of a major altcoin bull run, supported by metrics from Santiment and trader insights.
XRP's number of large wallets holding over 1 million tokens has hit an all-time high, coinciding with a 26% weekly price increase to $2.80, indicating strong whale activity and suggesting the start of altcoin season amid broader crypto market gains.
The article discusses the potential for an upcoming altcoin season as Bitcoin's dominance declines and long-term holders reduce their supply, with historical patterns suggesting altcoins could see significant gains in the next 1-3 years despite current market hesitation. It highlights that while a full altcoin bull market isn't imminent, conditions are aligning for possible growth, especially if Bitcoin's price breaks resistance levels.
Solana (SOL) has reached a new milestone with a 20% price increase, pushing its market capitalization dominance to an all-time high of 3.8%. This surge has sparked speculation about the onset of a new altcoin season, although the Altcoin Season Index remains at 37, indicating a Bitcoin-favored market. Despite this, a decline in Bitcoin's dominance to 55.7% suggests potential for altcoins to gain traction. However, Solana's RSI indicates it is overbought, suggesting a possible price correction.
The cryptocurrency market is experiencing a surge in alternative cryptocurrencies, with Shiba Inu, Dogecoin, PEPE, and WIF showing significant gains. ChatGPT's analysis predicts Shiba Inu reaching $0.00003650, Dogecoin reaching $0.20, PEPE exploding to approximately $0.0000627480, and WIF continuing its uptrend towards the $1.8826 mark. This surge in altcoins comes amidst Bitcoin's remarkable rally and hints at the possibility of an "altcoin season" following Bitcoin's lead.
Crypto Twitter influencers are predicting an altcoin season on the horizon, as technical indicators suggest a potential breakout for altcoins. Dogecoin (DOGE) has shown resilience and could rally with enhanced network development. Litecoin (LTC) is garnering attention ahead of its halving event, with increased adoption in payments and ventures into smart contracts. Polygon (MATIC) is recovering from a setback caused by SEC classification as a security, relying on strong fundamentals and witnessing an upsurge in user engagement. The possibility of an altcoin rally will depend on market conditions, including Bitcoin's price movement.
Ethereum's rally above $2,000 after the successful Shanghai upgrade has reduced Bitcoin's dominance rate from an almost two-year record high, according to TradingView data. The last time the metric was around the 49% level happened in July 2021, some 21 months ago. Ether's improved performance has reduced Bitcoin's share of the crypto market, and the shift has come after the Ethereum network's long-awaited tech upgrade, also called Shanghai or Shapella, was deployed without a hitch late Wednesday.