You can also read this news on COINTURK NEWS: Crypto Coins Surge as Altcoin Season Gathers Momentum
The anticipation for the altcoin season is building as market indicators signal a notable upswing. Prominent analyst VirtualBacon urges cautious optimism while sharing his portfolio and strategic evaluations on social media. Predicting that the market movement led by Ethereum (ETH) and Solana (SOL) will soon extend to smaller projects, he offers significant insights for cryptocurrency investors.
The Rise of Major Coins
Altcoin seasons generally follow a familiar pattern. Bitcoin (BTC) typically initiates the rally, followed by large altcoins like Ethereum (ETH) and Solana (SOL). Subsequently, market interest shifts to smaller capital and humor-based altcoins. According to VirtualBacon, we are currently in the major capital breakout phase of the altcoin season. Since April 1, the altcoin market has grown by over 27%, with Ethereum rising by 47.04% and Solana by 46.73%. Smaller altcoin projects like PEPE, TAO, and SUPER have also seen over 40% value gains.
An important factor driving this surge is the temporary end of the trade war between the US and China. A significant reduction in tariffs for 90 days has decreased negative volatility and increased liquidity in markets. The Global Liquidity Index reaching high levels for the first time since 2021 is notably significant. These developments signal the beginning of an altcoin season and boost investor appetite.
Coins Under the Analyst’s Radar
VirtualBacon emphasizes that the current rally is not yet entirely an altcoin season. He warns that if the US Federal Reserve does not pause its Tightening Monetary Policy (QT), the rise might remain a “relief rally.” Nonetheless, he advises closely monitoring specific altcoins
