Impending Altseason: The Signals That Don't Lie
The speculation is back in full swing: Altseason, that eagerly awaited period when alternative cryptos explode, might just be peeking around the corner. This time, these are not mere fantasies, but serious signals fueling enthusiasm. Bitcoin stable at 100,000 dollars and its dominance declining? Here are the crucial ingredients identified by Glassnode to launch this new crypto wave. But what exactly does it mean?
When the decline in Bitcoin dominance signals Altseason
The founders of Glassnode, Jan Happel and Yann Alleman, do not mince their words: a decline in Bitcoin dominance in the market is essential for altcoins to take flight again. From there comes the altcoin season. Currently, Bitcoin shows a dominance of over 58%, a threshold that delays the arrival of Altseason.
But as soon as this share decreases, alternative cryptos could quickly capture attention.
As their tweet reminds us:
” In February 2021, Altseason started in a similar context. The two necessary conditions: a Bitcoin stable above 100,000 dollars and a declining dominance. “
Some key figures to understand the context:
- Current Bitcoin price: about 106,419 dollars;
- Bitcoin dominance: 58 %;
- Projected price target: 110,000 dollars according to the Bitcoin Fundamental Index.
However, caution remains advisable: despite the encouraging signals, investors are advised to closely monitor these indicators.
The challenges of the crypto market: towards a balance to be found
If the prospects of an Altseason excite enthusiasts, some experts temper this enthusiasm. Murad, a prominent analyst, does not hesitate to declare:
” Altseason will not happen. The market has changed. ”
According to him, the multiplication of tokens and the emergence of “Memecoin cults” disrupt traditional dynamics.
However, the scenario is not so bleak. Alternative cryptos could stand out in two scenarios:
- Increased diversification of portfolios, with dominant altcoins;
- Sustainable stabilization of Bitcoin, allowing a renewed interest in other assets.
In summary, the crypto market is in full transformation, oscillating between “hypergambling” and thoughtful choices. The challenge for investors? To find assets backed by strong communities and lasting values, capable of withstanding fluctuations.
At the beginning of this year, speculation is running high: an unprecedented Altseason could well emerge. With a stable bitcoin and declining dominance, spring looks promising for altcoins. It remains to be seen if history will repeat itself.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.