Altcoins Ready For Round 2? Expert Says Altseason ‘Has Begun’
As the cycle progresses, many investors are waiting for the long-awaited Altseason, with a disagreement on whether it will happen. Several market observers affirm that Altcoins (ALTS) is ready for an explosive breakthrough, but others (including CryptoQuant’s CEO) have proposed different prospects.
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Almost no cryptocurrency can “survive” Altseason
On Friday, Ki Young Ju, founder and CEO of CryptoQuant, confirm The replacement has begun. In the X-ray, JU suggests that there will be no direct bitcoin to grey rotation this cycle, noting that “Stablecoin holders like” AltCoins.
According to JU, Bitcoin is no longer a quote cryptocurrency, Bitcoin (BTC) is added Dominance Altseason is no longer defined. In a December post, he explained: “Altcoins used to move together according to its correlation with BTC,” but this pattern has now broken.
Instead, he said trading volume is the metric that defines it, and Altcoins currently has 2.7 times the size of Bitcoin. JU also believes it is a very selective and challenging preseason, with only a few altcoins with strong user cases and Narrative Expect to flourish.
He added that despite the good market sentiment, there was no new liquidity, and “feels like a fixed-player PvP battle.” As a result, Altcoin battles were “increasingly intense” with only a few pumping and attracting this season. New liquidity.
The AltCoin market is currently a zero-sum PVP game. Although Bitcoin doubled its market cap, ALT’s market cap is still lower than previous ATH, spinning without fresh capital inflows. Only a few mountain ends with strong use cases and narratives can survive.
AltCoins prepares for the next leg
Trader Crypto Yoddha suggestion The altcoin is “prepared for round 2” after its recent performance. According to the Post, the cryptocurrency market that excludes BTC and ETH is after the script from 2020-2021.
In the last cycle, altcoins Rich experience Two legs are heading towards the top of its cycle and the all-time high (ATH) of $1.13 trillion. In the “first round”, they exploded from the accumulation period, saw a small re-accumulation phase, and then soared to the front.
After retracting this resistance level, Altcoins started a “second round” that reached various new highs before hitting the top of the new cycle. Yoddha noted that the market is completing the first round as it tested the top of the previous cycle during the post-election pump.
Analyst Rekt Capital confirm The crypto market cap does not include the first 10 tokens, “has completed the second part of its double bottom layer.” He explained that since the February 3 correction, Altcoins has been combining between $250 billion and $280 billion.
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According to the position, Alts must close over $280 billion in revenue and retest this level to confirm its three-week resistance and try to recoup the $300 billion mark.
Similarly, analyst Carl Runovt statement The altcoin has a parabolic word after it stands out from its two-month decline channel. Alts climbed 120% after breaking through more than 2024 channels. AltCoins must recover $300 billion in resistance to get out of this model.
Featured images from Unsplash.com, charts from TradingView.com
