CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinGape 2025-02-21 08:51:38

Altcoin Season Is Near: Market Expert Sees Major Rally Ahead

The crypto market is on the cusp of a major transformation as the focus shifts from Bitcoin to altcoins. As pointed out by CryptoQuant CEO Ki Young Ju, the growing investor interest in stablecoins signals the beginning of an altcoin season. Is Altcoin Season About to Begin? Experts Explain Currently, the crypto market is witnessing a significant resurgence following the recent downfall. While Bitcoin struggles to maintain its momentum, altcoins are seizing the opportunity to strengthen their position in the market. Despite Bitcoin’s market dominance remaining strong at 60.59%, up 0.43%, the altcoin market is seeing a rally. Commenting on this phenomenon, CryptoQuant CEO Ki Young Ju stated in his X post , “BTC Dominance no longer defines alt season.” According to Young Ju, the traditional measure of BTC dominance is no longer a reliable indicator of the alt season. Instead, he prefers trading volume as a better metric to identify the altcoin season. Altcoin Rally: Trading Volume Exceeds Bitcoin’s by 2.7X In the analysis presented by the CryptoQuant CEO, Young Ju attributed the altcoin rally to the increasing demand for stablecoins. He argued that the altcoin season is underway, driven by unconventional market dynamics rather than the typical rotation from Bitcoin. Notably, the major driver of the altcoin season is the increasing demand for stablecoins. Stablecoins are cryptocurrencies tied to the value of stable assets, such as traditional fiat currencies. Driven by the growing popularity of stablecoins, the trading volume of altcoins has surged by 2.7 times more than that of Bitcoin. The market expert stated that this surge in trading volume could be the best indicator of an emerging altcoin season. However, Young Ju cautioned investors to do adequate research before investing in altcoins, adding that the altseason could be selective. ETH Outperforms BTC: Is This the Sign of an Imminent Altcoin Season? Currently, Ethereum, the top altcoin, is showing a better performance than Bitcoin. As of press time, ETH is trading at $2,756, with a weekly surge of 2.05%. Meanwhile, Bitcoin, trading at $98,2025, marks a weekly increase of 1.2% . Analyst Crypto Rover identifies this as Phase 2 of an altcoin season. At the same time, analyst CryptoGoos signals the beginning of an altcoin rally reflecting on historical data. Taking BTC dominance as a key metric, Crypto Goos posits that BTC’s dominance could dip as indicated by history, paving the way for an altseason. Is February an Altcoin Month? Historically, the altseason begins in February. Experts like Merlijn The Trader, believe that “the altcoin super cycle begins in February.” History suggests that February gives rise to an altcoin market surge, triggering a parabolic rise. In addition, market experts such as Shib Spain and Max Brown have also echoed the sentiment that February will be a breakout month for altcoins. In an X post, Max Brown posited, “Altseason starts in February.” The post Altcoin Season Is Near: Market Expert Sees Major Rally Ahead appeared first on CoinGape .

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения