The founders of Glassnode, an analytics firm, believe an altcoin rally could soon begin.
Jan Happel and Yann Allemann, known as Negentropic on X, indicated that this altseason may unfold after Bitcoin surpasses its all-time high of around $74,000.
They noted that altcoins have been following Bitcoin’s bullish trend and suggested that a simultaneous surge in various cryptocurrencies could occur once Bitcoin breaks its ATH.
Historically, the cycle begins with Bitcoin rising, followed by Ethereum, large-cap altcoins, and then smaller ones. Since May, Bitcoin has seen three upward moves without triggering an altcoin season.
However, the altcoin cycle indicator recently approached 50, hinting at a potential shift in favor of altcoins.
This indicator reflects traders’ preferences; values above 50 indicate that altcoins are outperforming Bitcoin, suggesting an impending altcoin season.
The U.S. Department of Justice has sentenced Dwayne Golden, 57, of Pennsylvania to 97 months in prison for orchestrating a fraudulent crypto investment scheme that stole over $40 million from investors.
Snorter Token ($SNORT) is a new meme coin and utility token designed to enhance crypto trading with its Telegram-native trading bot, Snorter Bot. This bot is equipped with sniping capabilities, copy trading, and swap functionalities, offering traders the ability to profit from the volatile crypto markets. As the presale has garnered significant attention, raising over […]
According to a new report from CryptoQuant, recent Binance netflow data reveals a clear divergence in altcoin behavior — offering insights into which tokens may be poised for upside and which could face near-term sell pressure.
Cryptocurrency analysis firm Santiment has revealed the words that have attracted the most attention in the cryptocurrency community in the last 24 hours.