Altcoin investors have started making profits$XRP $BNB $SOL

The market capitalization of altcoins (TOTAL2) has increased by 44% since June, reaching $1.5 trillion. This means that most investors who bought altcoins in June are likely already making a profit. The Glassnode indicator confirms that capital rotation into altcoins began in July.

"The Glassnode altseason indicator triggered on July 9. This means that stablecoin reserves are growing, capital is flowing into BTC and ETH, and the market capitalization of altcoins is increasing. This creates conditions for capital rotation," says the Glassnode report.

As of July 18, CryptoBubbles data showed a green market. Many altcoins rose by 10% or more than 20%.

However, history shows that at the end of 2024, the altseason ended with a sharp decline. Many coins lost between 50% and 90% of their value. Investors did not react in time and watched as their portfolios went into the red. Therefore, it is important not only to identify the start of altseason in time but also to lock in profits promptly.