A closely followed crypto strategist thinks that it is almost time for altcoins to steal Bitcoin’s (BTC) thunder. Pseudonymous analyst TechDev tells his 481,600 followers on the social media platform X that he’s looking at historical price action to determine the arrival of a new altseason. According to the trader, data from crypto’s 2017 and […]
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Never has cryptocurrency been so connected with the US elections, the outcome of which could trigger a full-on bull market. What are the prospects if Trump wins?
Crypto has found itself in a unique position as a campaign issue in the United States 2024 presidential election.
Many in the industry have backed former US president and Republican nominee Donald Trump, with his pro-crypto policy promises seen as a potential catalyst for industry growth.
With opinion polls suggesting it’s still anyone’s race, crypto traders like Satoshi Flipper argue that a Trump victory hasn’t yet been priced into the crypto market. Satoshi Flipper believes a Republican win would strengthen the ongoing Bitcoin (BTC) and altcoin bull market.
The crypto market is recovering from this week’s brutal sell-off, and analysts say 3 key metrics suggest an altcoin season could be on the way.
According to crypto traders, many altcoins are currently displaying some “bullish patterns” that, if they play out as expected, could soon see the market enter an “up-only season. "
“Altcoin Season Index has been forming one of the most bullish patterns for 3.5 years,” pseudonymous analyst Moustache declared in an Oct. 11 post on X.
The analyst was referring to an inverse head-and-shoulders (IH&S) chart pattern that had formed on Blockchaincenter’s Altcoin Season Index chart between 2022 and 2024.
A closely followed analyst and trader thinks that altcoins are gearing up to have their time under the sun and outperform Bitcoin (BTC). Crypto strategist Ali Martinez tells his 72,200 followers on the social media platform X that he’s keeping a close watch on the TOTAL3 chart, which tracks the market cap of all digital […]
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Analysts believe that a new altcoin season is entering its early stages. Cointelegraph digs into the data.
Altcoins have displayed strength following Bitcoin’s recent recovery over the past month. This has lead analysts to suggest that the market might be on the brink of an altcoin season.
“The past few days have been very bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a Sept. 23 post on X.
Popular trader 360Trader observed that TOTAL3, the total crypto market capitalization excluding BTC and ETH, had retested the upper boundary of a falling channel.
Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […]
In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is now more distant. Bitcoin Outperforms Altcoins as ASI Score […]
Altcoin prices have been in a rut, but a key alteason indicator hints that the “strongest wave” is yet to come.
The altcoin market had been trending down over the past two weeks, but a key indicator reveals that the recent drawdown could indicate a “relative momentum bottom,” which, if history repeats, could soon see a “concerted take-off,” according to crypto analysts.
The crypto Top 200 Equal Weight Index is “still trending down, but the Altseason indicator shows that the recent washout when it hit 10% was likely a relative momentum bottom,” according to Chief Crypto Analyst at Real Vision Jamie Coutts.
The crypto Top 200 Equal Weight Index is an equally weighted index that seeks to track the performance of the top 200 cryptocurrencies by market capitalization from that of Bitcoin.
The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted two prerequisites for an ‘Altcoin Season’ to emerge. Crypto Analyst Altcoin Sherpa Foresees Challenging Times for Altcoins The […]
While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of such a season […]