Altcoin
Season Not Dependent
On Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s Dominance Chart, Market
ExpertClaims
Altcoin Season Not Dependent On Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s Dominance Chart, Market Expert
Claims
by Godspower Owie
4 minutes ago
in Altcoins , Rebuff
0
Major cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта assets, excluding Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin , usually known as Altcoins,
are currently demonstrating strong momentum, rising significantly to pivotal
levels in the past few days. While there is the belief that the tokens are
surging due to a drop in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s dominance, several seasoned market
experts think otherwise.
Has The Much-Awaited Altcoin Season Begun?
In an insightful prognosis concerning the much-anticipated altcoin season,
Jamie Coutts, the chief crypto analyst at Real Vision, has shed light on the
key factors that determine alt season. The crypto expert has debunked the
widespread notion that altseason is solely determined by Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s
market dominance .
Related Reading: Altcoins Take The Lead: Alts Momentum Sparks Speculation Of
An Impending Altseason
Jamie Coutts claims contradict traditional market viewpoints and
inspire traders to take a more comprehensive approach when analyzing the
likelihood of an altcoin season. This implies that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s dominance
is not the definitive factor for forecasting altcoin rallies despite its
capability to provide a general view of market sentiment.
According to the crypto analyst, alt season is based on market breadth, such
as the number of digital assets outperforming BTC , rather than the widely
believed Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin dominance chart, which has recently witnessed a drop.
Altseason indicator rises to 67% | Source: Jamie Coutts on X
It is important to note that altseason typically occurs when the Altseason
indicator rises above 50%, and the market is experiencing an upside trend.
Meanwhile, the indicator is currently positioned at 67%, indicating that the
much-awaited season has already begun.
Although Jamie Coutts prognosis suggests that the alt season has
started, Daan Crypto Trades, an analyst and investor, claims that the Alt
Season index has not yet reached the required level to consider the season to
have kicked off.
The key market metric, which has risen to 67% after rapid growth over the past
week, does not mean that the alt season is now underway. Instead, it only
implies that 67% of the top 50 altcoins in the last 90 days have performed
better than Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. Meanwhile, when the metric is 75% or higher, an altcoin
season can be officially declared live.
Asset Rotation Concept From Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Slowly Diminishing
CryptoQuant s founder and Chief Executive Officer (CEO) Ki Young Ju has
also offered his perspective on the pressing subject, noting that the concept
of alt season may no longer hinge on the conventional metric of asset rotation
from Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. This might imply that the narrative is shifting due to dynamic
factors such as the increasing usefulness of alts on an individual basis and
distinct market drivers.
Related Reading: Altcoins Steal The Spotlight From Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin In Recent Market
Trend, Is The Altseason Here?
While addressing recent spikes in the alt market, Ki Young Ju pointed out that
Stablecoin liquidity provides a better insight into the market s
direction. Furthermore, he noted that the current surge in altcoin trading
volume is driven by Stablecoin and fiat pairings rather than BTC pairs, which
reflects real market expansion rather than asset rotation. Crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap
excluding BTC at $1.5 trillion | Source: TOTAL 2 on Tradingview.com
Featured image from Unsplash, chart from Tradingview.com
