{"id":133811,"date":"2024-07-23T20:20:44","date_gmt":"2024-07-23T17:20:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133811"},"modified":"2024-07-23T20:05:46","modified_gmt":"2024-07-23T17:05:46","slug":"is-the-altcoin-season-approaching","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-the-altcoin-season-approaching\/","title":{"rendered":"Is the Altcoin Season Approaching?"},"content":{"rendered":"<p>Many crypto assets remain subdued\u00a0due to low market liquidity, further delaying the onset of the so-called <a href=\"https:\/\/cryptodnes.bg\/en\/novini\/altcoins\/\"><strong>altcoin<\/strong><\/a> season.<\/p>\n<p>Currently, the altcoin season is facing delays as market conditions are not conducive to rising altcoin prices. The uptrend in the altcoin market is showing signs of weakening as reflected in the Average Directional Index (ADX).<\/p>\n<p>The ADX is approaching the critical level of 25. A decline below this threshold may signal a loss of trend strength and a lack of momentum.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=133851\" rel=\"attachment wp-att-133851\"><img decoding=\"async\" class=\"alignnone size-full wp-image-133851\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/TOTAL2_2024-07-23_19-59-01.png\" alt=\"\" width=\"2048\" height=\"988\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/TOTAL2_2024-07-23_19-59-01.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/TOTAL2_2024-07-23_19-59-01-300x145.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/TOTAL2_2024-07-23_19-59-01-1024x494.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/TOTAL2_2024-07-23_19-59-01-768x371.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/TOTAL2_2024-07-23_19-59-01-1536x741.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\"><\/a><\/p>\n<p>This weakening trend is a worrying sign. Declining trend strength could undermine investor confidence and reduce buying interest, exacerbating market difficulties.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133806\" href=\"https:\/\/cryptodnes.bg\/en\/all-of-the-old-cryptos-will-come-to-wall-street-anthony-pompliano\/\" title=\"All of the Old Cryptos Will Come to Wall Street &#8211; Anthony Pompliano\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cryptocurrency-f6026a2012a14aaa9ef8a1c277fde0f7-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">All of the Old Cryptos Will Come to Wall Street &#8211; Anthony Pompliano<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>This season, most altcoins have struggled to show significant growth. Interestingly, only <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/toncoin\/\"><strong>Toncoin<\/strong><\/a> and <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/pepe\/\"><strong>PEPE<\/strong><\/a> have achieved gains <a href=\"https:\/\/www.blockchaincenter.net\/en\/\" rel=\"nofollow\"><strong>exceeding<\/strong><\/a> 50%, indicating their strong performance in an otherwise stagnant market.<\/p>\n<p>The limited growth among most altcoins points to ongoing issues within the crypto market. If this trend continues, it could lead to increased uncertainty and volatility, which will affect investor sentiment and market stability.<\/p>\n<p>Furthermore, a further rise in the <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>price of Bitcoin<\/strong><\/a> could further delay the start of a potential season for altcoins. However, if Bitcoin\u2019s dominant position drops below 55.67%, this could provide alternative cryptocurrencies with some potential for recovery, potentially sparking the start of such a season.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=133852\" rel=\"attachment wp-att-133852\"><img decoding=\"async\" class=\"alignnone size-full wp-image-133852\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTC.D_2024-07-23_20-02-31.png\" alt=\"\" width=\"1888\" height=\"382\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTC.D_2024-07-23_20-02-31.png 1888w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTC.D_2024-07-23_20-02-31-300x61.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTC.D_2024-07-23_20-02-31-1024x207.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTC.D_2024-07-23_20-02-31-768x155.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTC.D_2024-07-23_20-02-31-1536x311.png 1536w\" sizes=\"(max-width: 1888px) 100vw, 1888px\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The likelihood of an altcoin season appears to be diminishing as the price of Bitcoin (BTC) has surged in recent weeks after falling to around $53,000.<\/p>\n","protected":false},"author":7,"featured_media":132323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[270,72,424,238,108],"coin_category":[],"class_list":["post-133811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-bitcoin","tag-crypto","tag-pepe","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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