The Darkness Before Dawn? Data 📊 Shows Altcoin Season is Just Around the Corner

As of June 27, the average monthly trading volume of altcoins was $1.6 billion, far below the annual average level of $2.5 billion. This low volume suggests that the next wave of altcoin season may be brewing.

Periods marked by the green circles when the volume falls below the $1.6 billion baseline:

1️⃣ Early 2023

2️⃣ Second Half of 2023

3️⃣ August to September 2024

Each instance of lower trading volume has preceded a significant increase in altcoin prices.

$eth $sol $bnb