Altcoins Ready For Round 2? Expert Says Altseason ‘Has Begun’
The post Altcoins Ready For Round 2? Expert Says Altseason ‘Has Begun’ appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a different outlook. Related Reading Few Cryptocurrencies To ‘Survive’ The Altseason On Friday, Ki Young Ju, CryptoQuant’s founder and CEO, affirmed that the Altseason has begun. In an X thread, Ju suggested that there will not be a direct Bitcoin-to-alt rotation this cycle, noting that “stablecoin holders are favoring” Altcoins. According to Ju, Bitcoin is no longer a quote cryptocurrency, adding that Bitcoin (BTC) Dominance doesn’t define the altseason anymore. In a December post, he explained that “Altcoins used to move together based on their correlation with BTC,” however, this pattern has now broken. Instead, he stated that trading volume is the metric that defines it, with Altcoins currently having 2.7x the volume of Bitcoin. Ju also considers this to be a very selective and challenging altseason, with only a few Altcoins with strong user cases and narratives expected to thrive. He added that, despite good market sentiment, there isn’t fresh liquidity, which “feels like a PvP fight over a fixed pie.” As a result, Altcoin battles “are getting fiercer,” and only a few are pumping this altseason and attracting new liquidity. Altcoin markets are currently a zero-sum PvP game. While Bitcoin has doubled its market cap, the alt market cap is still below its previous ATH, rotating among themselves without fresh capital inflows. Only a few Alts with strong use cases and narratives will survive. Altcoins Ready For Next Leg Up Trader Crypto Yoddha suggested that Altcoins are “ready for round 2” after its recent performance. According to the post, the…
Filed under: News - @ February 22, 2025 6:15 am